Manager of Cash Applications

AEP Kimco Realty Corporation & Subsidiaries; Jericho (NY); On-site; USD 100,000 - 120,000; Full time

Job summary

Kimco Realty is seeking a detail-oriented Manager of Cash Applications to lead cash receipts and application operations across multiple channels, including ACH, wire, checks, and tenant portals. The ideal candidate will bring deep expertise in cash application workflows, strong leadership, and a collaborative mindset.

You will oversee high-volume postings, coordinate with Lease Administration, Treasury, Accounting, and IT to ensure accurate postings, reconciliations, and timely month-end close.

Qualifications

• Strong analytical, organizational, and communication skills.
• Experience with REIT operations and real estate finance, including lease structures and billing cycles.
• Ability to interpret complex lease agreements and apply payments accurately.
• Ability to manage high-volume cash receipts in a multi-entity environment.
• Experience with administration of third-party portals.

Responsibilities

• Lead daily cash application processes and post payments to tenant accounts.
• Ensure deposits are processed accurately and daily batches tie to receipts.
• Oversee receipt intake from lockbox, ACH, wire, checks, and portals.
• Prepare journal entries and bank reconciliations; resolve discrepancies.
• Monitor unapplied cash and drive timely resolution.
• Collaborate with Lease Admin, Treasury, Accounting, and IT to resolve discrepancies.
• Support month-end and quarter-end close with compliant reporting.

Skills

Analytical skills

REIT/Real estate

Lease accounting

High-volume cash receipts

Third-party portals

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

MRI

Yardi

JD Edwards

Job description

We are seeking a detail-oriented and strategic Manager of Cash Applications to lead our cash receipts and application operations. This role is responsible for overseeing the accurate and timely posting of tenant payments across multiple channels—including ACH, wire transfers, checks, and tenant portals—into our financial systems. The ideal candidate will bring deep expertise in cash application workflows, strong leadership skills, and a collaborative mindset to drive operational excellence and support cross-functional teams.

Key Responsibilities

• Cash Application Operations
  Manage daily cash application processes, ensuring accurate posting of payments to tenant accounts.
  Ensure all banking deposits are processed accurately, confirming daily batch entries tie to cash receipts.
  Oversee receipt intake from various sources (lockbox, ACH, wire, manual checks, tenant portal).
  Ensure payments are applied per remittance advice or system logic to appropriate ledger categories (e.g. Rent, CAM, Taxes, Insurance).
  Collaborate with team members to prepare journal entries and bank reconciliations by resolving discrepancies and applying knowledge of subledger-to-general ledger flow.
  Monitor unapplied cash and drive timely resolution.
• Team Leadership
  Lead and mentor staff, fostering a culture of accuracy, accountability, and continuous improvement.
  Set performance goals, monitor productivity, and implement process improvements to ensure timely posting of receipts and resolution of unapplied cash.
  Foster a culture of accuracy, accountability, and continuous improvement.
• Cross-Functional Collaboration
  Partner with Lease Administration, Treasury, Accounting, and IT to resolve payment discrepancies and optimize workflows.
  Serve as the primary contact for tenant inquiries related to payment activity and portal support.
  Coordinate with Treasury on banking relationships, lockbox setup, and cash forecasting.
• Compliance & Reporting
  Ensure compliance with internal controls, SOPs, and regulatory standards (e.g. Sarbanes-Oxley).
  Maintain accurate records of receipts, batch reports, and reconciliation logs.
  Support month-end and quarter-end close processes and reporting packages.
  Collaborate with IT to troubleshoot system issues and implement technology solutions.

Qualifications

• Strong analytical, organizational, and communication skills.
• Experience with REIT operations and real estate finance, including lease structures and billing cycles.
• Ability to interpret complex lease agreements and apply payments accurately.
• Ability to manage high-volume cash receipts in a multi-entity environment.
• Experience with administration of third-party portals.

Requirements

• Bachelor's degree in Accounting, Finance, or related field.
• 7+ years of experience in cash applications, accounts receivable, or accounting—preferably in real estate or REITs.
• 3+ years of supervisory experience including managing third-party resources preferred.
• Familiarity with ERP systems such as MRI, Yardi, JD Edwards preferably including researching and implementing new systems.
• Embraces a technology-forward mindset with strong curiosity for merging tools, AI in particular, bringing forward-looking perspective that inspires innovative solutions.
• Advanced MS Office, Excel skills (ex: pivot tables, VLOOKUPs, formulas).

The expected salary range for this position is between $100,000 and $120,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.

Kimco's mission is to create destinations for everyday living that inspire a sense of community and deliver value to our many stakeholders. Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of June 30, 2026, the company owned interests in 564 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.