Lease Accounting Assistant

Realterm is a real estate operator whose employees have a track record of capitalizing on durable insights into the supply and demand of real assets through the global supply chain. Realterm seeks to build and invest in value-added business platforms that have a proprietary position in their markets, source investments with favorable supply/demand dynamics and bring intense focus to operating results.

Realterm offers several career fields such as Accounting, Leasing, Construction and Property Management that make working here unique, challenging, stimulating, and rewarding. With offices in Amsterdam, Annapolis, Houston, Chicago, Los Angeles, Montreal, Mumbai, New York and Singapore you are empowered to take your career where you want it to go.

A career at Realterm allows you thrive in a fast-paced workplace environment with tremendous scale. Enjoy working in a collaborative environment with supportive teammates where you will be challenged to grow and be at your best every day. We offer our employees a robust and competitive benefits package. If you are looking for a rewarding career in private equity commercial real estate, apply today.

Summary

The Lease Accounting Assistant is a hybrid role that includes duties in support of the Lease Administration, Accounts Payable and Property Accounting teams. The position is responsible for a variety of tasks including tenant billings, cash receipts, accounts receivable and general ledger review. This position reports to the Manager of Lease Administration & directly supports the Property Accounting team.

Essential Duties and Responsibilities

• Provide support to Lease Administration to include:
  
  
  
  • Prepare & enter monthly tenant charge back billings including utilities, repair orders and other charges as directed
  • Create and send monthly invoices and supporting documentation to tenants via email
  • Review general ledger for accurate invoice coding as related to operating expenses, taxes and insurance
  • Communicate with Property Management, Accounting and Lease Administration to resolve miscoded operating expenses
  • Monitor real estate tax and insurance payments for tenant reimbursement
  • Update monthly CPI data tables in Yardi
  • Maintain tenant contact information
  • Other duties as requested by Lease Administration team
  
  
  
  
• Provide support to Accounts Receivable to include:
  
  
  
  • Monitor bank accounts for tenant payment activity
  • Post cash receipts including lock-box, EFT, ACH accurately and timely
  • Assist with rent collections and receivable reporting
  
  
  
  

• Provide support to Accounts Payable to include:

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  • Respond to vendor inquiries - payment confirmations/outstanding balance inquiries
  • Enter real property tax bills into Yardi
  • Follow-up with vendors on outstanding checks
  
  
  
  

• Provide support to Property Accounting to include:
  
  
  
  • Assist property accounting team with areas including, but not limited to, insurance, real estate taxes & utilities
  
  
  
  

• Respond to inquiries from tenants, Legal, Property Operations and Accounting
• Assist Lease Administration, Accounts Payable and Property Accounting with special projects as requested
  
  

Qualifications

• Knowledge of general ledger, accounting and/or lease administrations practices
• Deadline focused, organized, possess problem-solving skills
• Well-developed analytical skills
• Effective communicator (both oral and written) with the ability to communicate with all executive levels both internal and external to the Company
• Ability to work effectively across multiple teams with changing priorities & balance conflicting interests
• Demonstrate high level of customer service and professionalism
• Detailed orientated with strong analytical skills

Education and/or Experience

• Bachelor's degree with an Accounting or Business concentration or equivalent work experience
• 1+ years of experience in Commercial Real Estate Accounting, Collections and/or Lease Administration
• Intermediate level knowledge of Excel
• Experience with Yardi preferred
  
  

Work Environment

The position will work in a general office setting and may require travel, up to 10% of time annually, to remote office locations based on organizational/business needs.

Physical Demands Must be able to remain in a stationary position for most of the workday, sitting at a desk, consistently operating a computer. The person in this position must be able to access file cabinets and office machinery (to include a computer, copier, and fax machine). On occasion, may need to lift boxes of up to 10 lbs.

Realterm prioritizes, embraces and values safe, inclusive and collaborative environments and is committed to intentionally building a workplace where our employees can succeed. Full-time eligible employees may participate in our robust benefits program which includes healthcare (single and family coverage available), retirement plan with matching contributions, paid leave, volunteer time off, wellness/lifestyle benefits and more. More information regarding benefits and total compensation will be provided during the hiring process.

Realterm is an equal opportunity employer, as we value and respect diversity. We encourage diversity in ideas, opinions, experiences and identities. We do not discriminate in our employment practices based upon protected class, to include race, color, religion, sex, national origin, age, disability or genetic information.