Role Description
Responsible for the calculation and completion of the monthly, quarterly and annual tenant recoveries to include CAM, TAX, INS, etc., as well as managing recovery questions and requests.
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Setup and calculate the monthly, quarterly and annual tenant recoveries, ensuring the accuracy of the billings and financial statement impact.
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Demonstrated ability to interpret lease language to ensure the accuracy of tenant recoveries calculations, including exclusions, tenant cost pools, Gross Leasable Area/Gross Leasable Occupied Area, etc.
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Familiar with real estate concepts such as co-tenancy, percent in lieu, gross rent, abatements.
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Update occupancy reports to be used in the calculation of tenant recoveries.
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Research tenant recovery discrepancies and resolve in a timely manner.
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Aid in the collections of outstanding recoveries by providing backup.
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Work with 3rd party utility recoveries group to ensure the timeliness of the completion of the annual utility recoveries.
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Process recovery billings for tenants when due, ensuring the backup is mailed to the tenants in a timely manner.
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Calculate and complete annual escrow.
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Calculate and prepare the per square foot rate annually for use by various customers: Leasing, Legal, external clients, etc.
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Provide customer service to both tenants and internal customers including: Leasing, Asset Management, Accounting, etc.
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Assist in identifying efficiencies and collaborate with Manager.
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Setup recovery models as needed for acquired properties.
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Oversee the tenant recovery workflows for annual reconciliations and tenant disputes, providing guidance and feedback as needed, to ensure timeliness of billings and responses.
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Point of contact for providing all required documents to 3rd party recovery.
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Other duties as assigned.
Requirements
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Associates Degree in Accounting or 5 years relevant experience in tenant recoveries.
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3 years of experience with ERP general ledger (e.g. YARDI).
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Real estate accounting preferred.
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Deadline-focused; organized; problem-solving skills; flexible.
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Demonstrated written/oral communication and documentation skills.
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Intermediate Excel skills to include v-lookups and pivot tables.
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Great customer service.
Equal Opportunity Employer
Centennial ensures equal employment opportunities regardless of race, creed, gender, color, national origin, religion, age, sexual orientation, or disability.