Property Accountant - CAM Reconciliation

RHC India; Ahmedabad District; On-site; INR 500,000 - 900,000; Full time

Job summary

Relay Human Cloud, a dynamic company enabling US-based clients to hire talent, is seeking a detail-oriented Property Accountant with CAM reconciliation experience. The role will maintain accurate property-level financial records and prepare annual CAM reconciliations in line with lease terms.

You will analyze operating expenses, allocate recoverable costs, review leases, and coordinate with Property Managers and AP/AR teams to resolve discrepancies.

Qualifications

• Strong understanding of commercial lease accounting and tenant recoveries.
• Experience with CAM, property taxes, insurance recoveries, and operating expense reconciliations.
• Advanced Excel skills: Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, and basic financial analysis.
• Knowledge of General Ledger, Accounts Payable, and Accounts Receivable processes.
• Strong attention to detail and analytical skills.
• Ability to interpret lease clauses and apply them accurately to reconciliation calculations.

Responsibilities

• Prepare and review annual CAM reconciliations for commercial properties.
• Analyze operating expenses and allocate recoverable costs to tenants based on lease provisions.
• Review tenant leases to determine CAM, tax, insurance, and other recoverable expenses.
• Calculate tenant share percentages, gross-ups, caps, exclusions, and other lease-specific adjustments.
• Reconcile actual property expenses against tenant estimates and identify underpayments or overpayments.
• Prepare tenant reconciliation statements and supporting schedules.
• Coordinate with Property Managers, Lease Administration, Accounts Payable, and Accounts Receivable teams to resolve discrepancies.
• Review general ledger accounts and ensure expenses are correctly classified and allocated.
• Perform monthly bank, balance sheet, and property-level account reconciliations as required.
• Maintain accurate tenant billing and recovery records.
• Assist with tenant inquiries related to CAM charges and reconciliation statements.
• Investigate variances between budgeted and actual operating expenses.
• Support annual budgeting and forecasting of property operating expenses and tenant recoveries.
• Ensure all calculations comply with lease terms and internal accounting procedures.
• Prepare audit schedules and provide supporting documentation for internal and external audits.
• Maintain organized documentation for lease abstracts, invoices, reconciliations, and tenant recoveries.
• Identify process improvements and opportunities to improve the accuracy and efficiency of CAM reconciliation.

Skills

CAM Reconciliations

Lease Accounting

Excel Pivot Tables

VLOOKUP / XLOOKUP

General Ledger

Accounts Payable

Accounts Receivable

Analytical Thinking

Attention to Detail

Tools

Yardi

MRI

RealPage

Job description

Relay Human Cloud is a young & dynamic company that helps some of the top US-based companies to expand their team internationally. Relay is a truly global company having its operations in US, India, Honduras, and Mexico (We are also adding a few more countries soon). Our core focus is to enable companies to connect with the best international talent. Relay helps its clients in majorly following areas: Accounting & Finance, Administration, Operations, Space Planning, Leasing, Data Science, Data Search, Machine Learning and Artificial Intelligence etc. Relay India operates from Ahmedabad and Vadodara offices. The principals and founders of Relay Human Cloud have been focused on delivering high-quality operations in cutting-edge companies for their entire careers.

Job Summary

We are seeking a detail-oriented Property Accountant with experience in commercial real estate accounting and CAM (Common Area Maintenance) reconciliation. The role will be responsible for maintaining accurate property-level financial records, preparing annual CAM reconciliations, reviewing tenant recoveries, and ensuring compliance with lease terms and accounting policies.

Key Responsibilities

• Prepare and review annual CAM reconciliations for commercial properties.
• Analyze property operating expenses and allocate recoverable costs to tenants based on lease provisions.
• Review tenant leases to determine CAM, tax, insurance, and other recoverable expenses.
• Calculate tenant share percentages, gross-ups, caps, exclusions, and other lease-specific adjustments.
• Reconcile actual property expenses against tenant estimates and identify underpayments or overpayments.
• Prepare tenant reconciliation statements and supporting schedules.
• Coordinate with Property Managers, Lease Administration, Accounts Payable, and Accounts Receivable teams to resolve discrepancies.
• Review general ledger accounts and ensure expenses are correctly classified and allocated.
• Perform monthly bank, balance sheet, and property-level account reconciliations as required.
• Maintain accurate tenant billing and recovery records.
• Assist with tenant inquiries related to CAM charges and reconciliation statements.
• Investigate variances between budgeted and actual operating expenses.
• Support annual budgeting and forecasting of property operating expenses and tenant recoveries.
• Ensure all calculations comply with lease terms and internal accounting procedures.
• Prepare audit schedules and provide supporting documentation for internal and external audits.
• Maintain organized documentation for lease abstracts, invoices, reconciliations, and tenant recoveries.
• Identify process improvements and opportunities to improve the accuracy and efficiency of CAM reconciliation.

Required Qualifications

• Strong understanding of commercial lease accounting and tenant recoveries.
• Experience with CAM, property taxes, insurance recoveries, and operating expense reconciliations.
• Strong knowledge of Excel, including Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, and basic financial analysis.
• Good understanding of General Ledger, Accounts Payable, and Accounts Receivable processes.
• Strong attention to detail and analytical skills.
• Ability to interpret lease clauses and apply them accurately to reconciliation calculations.
• Good written and verbal communication skills.

Preferred Qualifications

• Experience with commercial office, retail, industrial, or mixed-use properties.
• Experience working with property accounting software such as Yardi, MRI, RealPage, or similar systems.
• Knowledge of U.S. GAAP and commercial real estate accounting practices.
• Experience supporting year-end CAM reconciliation and audit activities.