[Hiring] Lease Audit & Accounting Team Manager @Colliers International

Role Description

The Lease Audit & Accounting Team Manager oversees the Lease Administration Audit team and Lease Accounting Services and will have their CPA designation. This is a player/coach role requiring expert knowledge of commercial lease audit processes and best practices related to OPEX, CAM, RET, Insurance and Utilities. The successful candidate will support lease accounting processes under US GAAP (ASC 842) and IFRS 16, ensuring compliance and accuracy in financial reporting. This role requires a strong understanding of lease terms, lease accounting standards, excellent analytical skills, and the ability to work collaboratively with cross-functional teams.

• Provide quality control within the lease audit and administration databases to identify errors and inconsistencies relevant to their programs.
• Mentor and train Auditors and Lease Financial Analysts on key duties.
• Review and understand information provided by Landlords such as General Ledgers, Real Estate Tax bills, Insurance premiums/declaration pages, utility invoices, amortization schedules, monthly estimates/impounds.
• Perform detailed analysis of expenses charged using standardized checklists and year over year variance worksheets.
• Work closely with Lease Analysts who may be assigned to client accounts in communicating audit progress and, as needed, communicate directly with client on status of audits, findings and recommended course of action.
• Communicate effectively and in a sensitive manner with landlord representatives to request appropriate backup documentation to support the annual statements and to continue dialogue during any potential dispute of charges.
• Follow-up with landlords on a timely basis until any open audit and/or dispute resolution is completed to the satisfaction of client.
• Manage and maintain lease accounting records in accordance with US GAAP (ASC 842) and IFRS16 within lease management platforms.
• Work with clients to ensure system set up for Journal codes and related Cost Center and GL structure is in place to support reporting.
• Identify and implement process improvements to enhance efficiency and accuracy in both Audits and Lease Accounting.
• Maintain sales collateral, case studies, scope of work and pricing matrices for both the audit and lease accounting programs.

Qualifications

• Bachelor’s degree in finance, Accounting, Finance, Real Estate or related area.
• 7 years or more of relevant experience in the commercial real estate lease audit and/or accounting fields having worked in either (or both) the Landlord or Tenant sector.
• Active U.S. CPA license.
• Proficient in commercial lease language and ability to interpret provisions related to landlord’s rights to pass through certain expenses to tenants.
• Understand and be able to apply concepts related to Proportionate Share’s, Management and Administrative fees, Base Years, Gross up provisions, CAP’s, amortization of capital expenditures, GLA, GLOA, Co-Tenancy, among other lease provisions.
• Strong knowledge of pre-audit reviews of all annual expense reconciliations to ensure accuracy and compliance with the lease terms (charges such as CAM, operating expenses, real estate taxes, insurance, utilities, maintenance/repair, capital expenditures, etc.).
• Working experience with commercial real estate database applications such as ProLease, Harbor Flex or CoStar and accounting software such as MRI or Yardi or other lease management database systems preferred.
• Advanced competence in Microsoft Office: Excel, PPT, Word and Outlook.
• Driven to success in service delivery and highly effective in managing both people and tasks.
• Excellent communications and organization, follow-through and follow-up, meet commitments and deadlines.
• Ability to work independently as well as part of a team.

Benefits

• Employees (and their families) are provided options for employer subsidized medical benefits including RX, dental, vision as well as employer paid basic life/AD&D insurance and short-term/long-term disability.
• Employees are able to enroll in our company’s 401k plan, which includes an employer match.
• Employees will also receive 10 days of sick leave and a minimum of 15-days vacation annually.
• Certain senior-level roles are eligible for unlimited time off.
• Employees will also enjoy 10 paid holidays plus two personal flex days throughout the calendar year.
• Twelve weeks (for birth parents) and 4 weeks (for non-birth parents, including adoptive/foster parents) of paid parental leave will also be available for use after successful completion of 90 days of employment.

Bonus

This position is eligible for an annual bonus, based on company and individual performance.

For Salary Roles

Pursuant to state/local law, Colliers is disclosing the following information:

• Area/Location Specific: WFH USA
• Approximate Salary Range for Role: $115,850 to $130,000