Lease Accounting Administrator

Vaco Recruiter Services; Phoenix (AZ); On-site; USD 50,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented Lease Accountant to manage lease-related functions and financial processes. This role involves processing rent payments, reconciling charges, and ensuring compliance with lease agreements. The ideal candidate will have a strong background in accounting and lease analysis, with proficiency in tools like Lucernex and Microsoft Dynamics. Join a dynamic team where your analytical skills will contribute to effective financial management and support for cross-functional collaboration. If you thrive in a fast-paced environment and enjoy tackling complex lease-related challenges, this opportunity is perfect for you.

Qualifications

• Bachelor's degree or 4 years of relevant experience required.
• Strong ability to analyze lease agreements and financial data.

Responsibilities

• Process monthly rent payments and reconcile charges with the General Ledger.
• Collaborate with teams to ensure timely payments and documentation accuracy.

Skills

Lease analysis

Accounting principles

Analytical skills

Communication skills

Education

Bachelor’s degree in Accounting or related field

4+ years of accounting or lease-related experience

Additional 2 years of experience without a degree

Tools

Lucernex

Microsoft Dynamics

Job description

Required:

• Bachelor’s degree in a related field or a minimum of 4 years of accounting or lease-related experience required

• Additional 2 years of accounting or lease experience required (total of 6 years without a degree)

• Prior experience with lease-related functions preferred (e.g., lease abstracting, rent payments, lease administration, or lease analysis)

Strong ability to read, interpret, and analyze lease agreements

Responsibilities:

• Process monthly rent payments using Lucernex and Microsoft Dynamics

• Reconcile monthly rent charges with the General Ledger system

• Collaborate with accounting team members to ensure timely issuance of checks and ACH payments

• Update base rent amounts, additional rent charges, and payee information on a monthly basis

• Prepare ad hoc reimbursement payments as needed

• Calculate CPI increases, apply CAM caps, and perform lease-related reconciliations

• Monitor and ensure timely payment of real property taxes

• Track and reconcile security deposit balances

• Collaborate with cross-functional teams to verify accuracy of critical lease dates

• Ensure all required documentation is collected, complete, accurate, and properly filed

• Set up rent payments in alignment with lease terms and conditions

• Investigate and resolve discrepancies related to payees, rent amounts, and lease details
  

• Conduct research and compile audit support documentation for time-sensitive requests

• Manage W-9 tracking and assist with 1099 preparation and reporting

• Provide guidance and support to team members on lease-related inquiries

• Perform additional tasks and responsibilities as assigned