Lease Accountant

  • Washington Prime Group
  • 180 East Broad Street, Columbus, OH, USA
  • Oct 28, 2021
Full time Accounting Real Estate

Job Description

*WPG offer a hybrid work schedule

Responsibilities (Essential Functions):

  • Position requires consistent exercise of discretion and independent judgment in calculation of amounts appropriate to charge tenants per lease agreements
  • Position requires knowledge of company policies relating to lease accounting to ensure that revenues, write-offs and other lease accounting related transactions are in compliance with those policies and generally accepted accounting principles.
  • Maintain the Company's commercial management system with regards to new lease abstracts/profiles, opening letters, lease modifications, amendments, renewals, terminations, recovery profiles, and calculates adjustments in accordance with applicable lease provisions.
  • Researches, responds and resolves tenant inquiries regarding billings, revising and calculating adjustments as necessary.
  • Calculates year-end recovery true-up billings for properties.
  • Analyzes annual reconciliation information, uses results for CAM, tax, and insurance quotes for prospective tenants.
  • Creates and reviews recovery summaries and individual invoices for accuracy.
  • Invoices tenants for overage rent due; calculates adjustments when applicable.
  • Performs and reviews tenant account reconciliations; calculates and communicates adjustments to tenants.
  • Reviews outside sales audits, updates sales statistics in database, and prepares necessary correspondence.
  • Sets up properties, suites, leases, and pro-rated charges for new acquisitions and developments into database.
  • Performs other duties as assigned.

Skills (Desired Abilities):

  • Strong skill in analyzing and interpreting data.
  • Good computer skills including spreadsheet application, and database maintenance.
  • Knowledge of accounting concepts, techniques, and principles.
  • Must assume responsibility for accuracy and timeliness of work product.
  • Ability to prioritize tasks, meet deadlines, and handle multiple projects.

Qualifications (Education and Experience):

  • Bachelor’s degree in Accounting or other business-related field. 
  • Regular, predictable attendance
  • Punctuality

Washington Prime Group offers:

  • Competitive salaries and comprehensive benefits including health, dental, 401k with no vesting schedule, and paid time off
  • On-going learning opportunities within a rewarding work environment
  • Career experiences that can span different WPG departments and functions with opportunities for personal and professional growth

Washington Prime Group is committed to fostering, cultivating and preserving a culture of diversity and equality. The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities and talent that our associates bring to their work represents a significant part of not only our culture, but also, our reputation and our company’s achievements.