POSITION/PURPOSE:

Responsible for the calculation and completion of the monthly, quarterly and annual tenant recoveries to include CAM, TAX, INS, etc., as well as managing recovery questions and requests.

• PRINCIPAL JOB ACTIVITIES:
• Setup and calculate the monthly, quarterly and annual tenant recoveries, ensuring the accuracy of the billings and financial statement impact.
• Demonstrated ability to interpret lease language to ensure the accuracy of tenant recoveries calculations, including exclusions, tenant cost pools, Gross Leasable Area/Gross Leasable Occupied Area, etc.
• Familiar with real estate concepts such as co-tenancy, percent in lieu, gross rent, abatements,
• Demonstrate and have a clear understanding of the concept of tenant
• Update occupancy reports to be used in the calculation of tenant recoveries, as
• Research tenant recovery discrepancies and resolve in a timely
• Aid in the collections of outstanding recoveries by providing backup per
• Work with 3rd party utility recoveries group to ensure the timeliness of the completion of the annual utility recoveries.
• Process recovery billings for tenants when due, ensuring the backup is mailed to the tenants in a timely manner.
• Calculate and complete annual escrow
• Calculate and prepare the per square foot rate annually for use by various customers: Leasing, Legal, external clients, etc.
• Provide customer service to both tenants and internal customers including: Leasing, Asset Management, Accounting, etc.
• Assist in identifying efficiencies and collaborate with Manager on
• Setup recovery models as needed for acquired
• Oversee the tenant recovery workflows for annual reconciliations and tenant disputes, providing guidance and feedback as needed, to ensure timeliness of billings and responses.
• Point of contact for providing all required documents to 3rd party recovery
• Other duties as

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.

REQUIREMENTS:

• Associates Degree in Accounting or 5 years relevant experience in tenant recoveries
• 3 years of experience with ERP general ledger (e.g. YARDI)
• Real estate accounting preferred