W3Global · 1 week ago
Commercial Property Accountant / Lease Specialist
Houston, TX
Full-time
Onsite
Mid Level
3+ years expW3Global is seeking a Commercial Property Accountant / Lease Specialist to manage financial aspects of commercial real estate leases. The successful candidate will be responsible for interpreting leases, managing accounts receivable, and ensuring compliance with lease terms.
ConsultingRecruitingStaffing Agency
Responsibilities
Abstract and interpret commercial retail leases to accurately set up billing for base rent, percentage rent, CAM, taxes, insurance, and other recoveries
Perform annual (and mid-year if needed) CAM reconciliations, including estimating expenses, calculating pro-rata shares, gross-ups for vacancies, applying caps/exclusions per lease, and billing true-ups or credits to tenants
Prepare monthly/quarterly tenant billings for operating expenses, percentage rent (from sales reports), and other pass-throughs
Manage accounts receivable for rent and recoveries, including collections follow-up and aging reports
Assist with annual property budgets, expense forecasting, and variance analysis
Ensure compliance with lease terms (critical dates, co-tenancy, exclusives, kick-outs)
Reconcile general ledger accounts related to recoveries and resolve tenant disputes on charges
Work with property managers on tenant communications, audits, and estoppels/SNDA requests
Maintain accurate data in property management software (Yardi)
Follow up as required to ensure asset and property management and leasing are aware of any approaching option dates and required action
Review and prepare for execution and distribution, leases and exhibits to proper parties
Tracking of all changes or adjustments necessary to lease documents received. (Amendments, Addendums, etc.)
Serve as liaison between Landlord and Tenant with regard to each party's compliance with all provisions of the lease
Work with property management to ensure certificates of insurance are current, commencement exhibits are executed, security deposit/LOC and operating expense information is correctly entered in Yardi
Prepare and follow a continual audit schedule for all existing lease documents in the portfolio. Follow up with property management on any related action items. Perform property lease file audits
Oversee and track Tenant Improvement allowances and ensure that improvement is being administered properly and within lease guidelines
Participate in the due diligence process as it relates to lease documents both for acquisitions and dispositions
Prepare and update option exposure information to maintain awareness when granting options for new tenants
Assist in preparing and maintaining information for market surveys, occupancy reports/rent rolls, lease expiration reports, rollover reports, space availability reports, stacking plans and various other reports as requested or necessary for the portfolio
Review rental increases and communicate or send any notices that need to be sent to tenants
Coordinate bi-weekly AR meetings and work with property management to ensure rent and other income are collected in a timely fashion and proper follow up is taken
Work with accounting to ensure other income (billboard, parking, storage, etc.) is collected in a timely fashion and review lease for compliance
Work with property management to ensure preparation of delinquency notices and initiation of appropriate action in the event of monetary default
Review the tenant move-ins and move-out procedures and ensure lease provisions are followed
Work with accounting and property management to audit operating expense billing both estimated prepayments and reconciliation to ensure accuracy
All other duties as assigned and associated with the day-to-day operation of a commercial real estate portfolio
Qualification
Required
3+ years of work experience with Commercial Real Estate
Minimum of 3+ years' experience in commercial real estate in accounting, lease admin and experience in CAM Reconciliation
Knowledge of MS Office (Word, Excel, PowerPoint and Outlook)
Effective written and oral communication skills, including strong spelling, editing, proofreading, punctuation and grammar skills
Preferred
Bachelor's degree preferred from an accredited institution with a focus in Management, Finance or Economics
Knowledge of Yardi preferred
Company
W3Global
W3Global is a leading provider of end-to-end consulting services, empowering businesses to achieve their strategic goals and optimize their operations.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Sridhar Venkatesan
CEO
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