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Lease Accounting Manager – Rockville, MD
Overview
Beacon Hill Financial has partnered with a client in Rockville, MD in their search for a Lease Accounting Manager to join their team. This role is responsible for overseeing lease administration and recovery accounting functions for a commercial real estate portfolio, with a strong focus on CAM and tax recoveries, tenant reconciliations, and team oversight. The ideal candidate is highly organized, detail-oriented, and experienced in retail lease accounting and operational management.
Key Responsibilities
- Oversee lease accounting and administration activities, including CAM, tax, and other recovery reconciliations.
- Review and approve tenant account adjustments, reconciliations, refunds, and billing transactions to ensure accuracy and compliance.
- Manage quarterly tax accruals and support CAM analysis from a billing and collection perspective.
- Lead and oversee Lease Administrators and third-party partners, ensuring deadlines, quality standards, and key performance indicators are met.
- Provide guidance regarding lease interpretation, recoveries, and billing-related inquiries.
- Coordinate tenant CAM audit activities and support related reporting and analysis.
- Develop and implement process improvements and operational best practices.
- Collaborate closely with accounting, finance, legal, collections, and property operations teams on lease-related matters.
- Prepare internal reporting and support special projects as needed.
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field preferred.
- Commercial real estate lease accounting or lease administration experience required, including CAM and tax recovery experience.
- Management or team oversight experience required, including reviewing work and conducting performance management activities.
- Strong retail lease accounting experience required.
- Experience with property management systems such as JDE, Yardi, or MRI preferred.
- Strong lease interpretation, analytical, organizational, and problem-solving skills.
- Intermediate Excel skills required.
- Excellent communication skills with the ability to manage multiple priorities in a fast-paced environment.
- Highly detail-oriented with the ability to work both independently and collaboratively.
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