Lease Accountant, Remote

Published
September 5, 2021
Location
Atlanta, GA
Category
Job Type

Description

Type of Service: Accounting, Finance, Human Resources, Purchasing
Title: Lease Accountant

  • Could be temp to hire for the right candidate.
  • Is this position onsite, remote or hybrid? - Remote
  • What are the top 3 skills you are looking for? - Attention to detail, accounting experience, advanced excel, contract experience
  • 4-year degree required? - Yes

JOB SUMMARY:

  • Lease Accountant II is responsible for operational data integrity for all Lease Accounting functions, which includes but not limited to full-cycle accounting for leases, tenant relationships, reconciliation balance sheet accounts and preparing ad-hoc reports as requested by management.
  • Interpreting lease language and set-up leases according to ASC842.

KEY JOB FUNCTIONS:

  • Perform daily, weekly, monthly, and annual accounting processes to accurately record lease revenue/expense for financial reporting.
  • Prepare all journal entries including expense accruals, amortization and depreciation, gross potential rent, straight line rents and all other journal entries necessary to ensure books comply with GAAP.
  • Review and tie out all A/R reporting at month end.
  • Prepare Balance Sheet account reconciliations and analysis.
  • Prepare monthly straight-line analysis, ensuring that minimum rent amounts and straight-line. dates are properly recorded in MRI in accordance with lease terms, are accurately reflected in the balance sheet and are in accordance with ASC842
  • Analyze and Interpret lease terms for proper accounting treatment and set lease terms up in MRI.
  • Ensure that all documentation received from the tenants accurately reflect Gross Sales as defined by the lease terms and are accurately stated in MRI.
  • Prepare and post tenant scheduled charges and adjusting charges in MRI.
  • Invoice tenants based upon lease terms including but not limited to minimum rents, percentage rents etc.
  • Proactively work with tenants to collect payment and resolve outstanding balances.
  • Prepare documentation, schedules and provide support for all audits.
  • Communicate and maintain strong working relationships with Tenants, Internal and External Auditors, Finance Leaders and Analytics teams.
  • Provide Aging updates to management.
  • Assist leadership teams with special projects, research, and supplemental reporting.
  • Stay abreast of changes in lease accounting and provide leadership with updates, impacts and solutions.

EDUCATIONAL EXPERIENCE:

  • Bachelor's degree in Accounting/Finance or equivalent
  • 2+ years of lease accounting or contract accounting

WORK ENVIRONMENT:

  • Team
  • Fast Paced

QUALIFICATIONS:

  • Experience of GAAP and accrual-based accounting
  • Must have advanced Microsoft Excel skills. Knowledge of Oracle & MRI a plus, but not required
  • Excellent judgment with ability to handle multiple priorities simultaneously and meet deadlines
  • Organized and detailed oriented with strong analytical skills
  • Demonstrate excellent communication skills, written and verbal
  • Self-starter and can work independently
  • Team player and ability to collaborate with others
  • Must be comfortable with answering and placing phone calls to tenants regarding past due balances.
  • Ability to remain calm and have patience under pressure

SKILL/EXPERIENCE/EDUCATION:

  • Mandatory: Bachelor’s Degree in accounting or equivalent
  • Desired: Advanced excel skills and lease accounting

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