Tenant Recoveries Analyst

SITE Centers Corp.; United States; Hybrid; USD 53,000 - 65,000; Full time

Job summary

SITE Centers Corp. in Beachwood, OH is seeking a Tenant Recoveries Analyst to reconcile CAM, insurance, real estate taxes, and related accounts, and to prepare tenant billings with accuracy. This hybrid role requires 3 on-site days (Tue/Wed) with up to two remote days.

Onboarding may be more on-site initially. Salary ranges from $53,000 to $65,000 depending on experience and market factors. You will support monthly accruals, budgeting, and reporting, using advanced Excel to keep AR balances low

Qualifications

• Year-end reconciliations and tenant billings experience.
• Experience reading landlord leases and tenant billings.
• Ability to maintain complex Excel schedules.
• Basic accounting knowledge required.

Responsibilities

• Perform year-end reconciliations and billings for CAM, insurance, real estate taxes and utilities outside CAM.
• Prepare quarterly CAM billings with proper documentation per lease agreements.
• Complete annual roll forwards and update accounting system with escrow amounts.
• Calculate and prepare yearly recovery budgets by property.
• Bill tenants monthly estimates of charges based on budgets.

Skills

Attention to detail

Lease understanding

Tenant billings

Basic accounting

Analytical thinking

Tools

Excel

Job description

Description

The Lease Accounting team at SITE Centers is looking for a Tenant Recoveries Analyst in Beachwood, OH to reconcile year end common area maintenance (CAM), insurance, real estate taxes and related accounts, and prepares tenant billings. Each day an Analyst will act as a real estate math wizard solving CAM puzzles. The CAM problems and projects differ based on time of year, but would include preparing and completing the year end reconciliations, reviewing and maintaining tenant and property set ups, calculating monthly accruals of anticipated revenue, performing financial analysis of actual and projected recoveries, preparing and completing the following year budgets, and updating the system to reflect new escrow amounts. This Analyst plays a critical role in ensuring our tenant billings are accurate which results in keeping our AR balance and tenant disputes down and allows us to collect on tenant billings quicker. To thrive in this role, we need a detailed-oriented Analyst who takes great pride in the quality of their work with prior experience reading and understanding landlord leases and tenant billings, basic accounting knowledge, and working experience maintaining complex Excel schedules.

This position works a hybrid schedule in the Beachwood, OH corporate office 3 days a week (Tuesday and Wednesday required), and the option to work from home up to 2 days a week. During the initial 90-day onboarding period, we might encourage being onsite more than 3 days so you can get successfully oriented and trained in your new role.

The expected salary range for this position is between $53,000 - $65,000. 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, geographical and industry market data, and business considerations and other factors permitted by law.

To be successful in this role, you will need to:

• Perform year-end reconciliations and billings to tenants for all recoveries including CAM, insurance, real estate taxes and direct utilities outside of CAM (e.g. water/sewer, trash, HVAC)
• Prepare quarterly billings for CAM ensuring appropriate documentation and explanation of charges is provided in accordance with lease agreements
• Complete annual roll forwards of CAP’s, fixed and other items in accounting software
• Calculate and prepare yearly recovery budgets, by property, for property accounting and leasing
• Calculate and bill tenants for monthly estimates of charges based on budgeted expenses

ABOUT US

SITE Centers is an owner and manager of retail real estate, with a premier portfolio of open-air shopping centers located in the most desirable locations across the United States. Headquartered outside of Cleveland in Beachwood, Ohio, we are a self-managed and self-administered REIT, publicly traded on the New York Stock Exchange under the ticker: SITC. We employ approximately 160 employees, with 130 hybrid workers in our corporate office, and the remainder of our staff based remotely across the country.

SITE Centers is uniquely positioned within the industry, operating with the institutional foundation and corporate benefits program of a much larger company, yet with an employee count that allows us to embrace our creative, entrepreneurial spirit. This distinct combination allows us to foster a cohesive, cross-functional team that brings a diverse array of experiences and worldviews to our organization. We pride ourselves on fostering an inclusive work culture that is centered on valuing Fearlessness, Authenticity, Curiosity and Thoughtfulness. Collectively, these core values make up our Matters of FACT, the guiding principles that drive our day-to-day operations and reflect the code and behaviors that exist in our passionate, hardworking and dedicated team members.