Tenant Recoveries Analyst

Description

The Lease Accounting team at SITE Centers is looking for a Tenant Recoveries Analyst in Beachwood, OH to reconcile year end common area maintenance (CAM), insurance, real estate taxes and related accounts, and prepares tenant billings. Each day an Analyst will act as a real estate math wizard solving CAM puzzles. The CAM problems and projects differ based on time of year, but would include preparing and completing the year end reconciliations, reviewing and maintaining tenant and property set ups, calculating monthly accruals of anticipated revenue, performing financial analysis of actual and projected recoveries, preparing and completing the following year budgets, and updating the system to reflect new escrow amounts. This Analyst plays a critical role in ensuring our tenant billings are accurate which results in keeping our AR balance and tenant disputes down and allows us to collect on tenant billings quicker. To thrive in this role, we need a detailed-oriented Analyst who takes great pride in the quality of their work with prior experience reading and understanding landlord leases and tenant billings, basic accounting knowledge, and working experience maintaining complex Excel schedules.

This position works a hybrid schedule in the Beachwood, OH corporate office 3 days a week (Tuesday and Wednesday required), and the option to work from home up to 2 days a week. During the initial 90-day onboarding period, we might encourage being onsite more than 3 days so you can get successfully oriented and trained in your new role.

The expected salary range for this position is between $53,000 - $65,000. Actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, geographical and industry market data, and business considerations and other factors permitted by law.

To be successful in this role, you will need to:

Perform year-end reconciliations and billings to tenants for all recoveries including CAM, insurance, real estate taxes and direct utilities outside of CAM (e.g. water/sewer, trash, HVAC)Prepare quarterly billings for CAM ensuring appropriate documentation and explanation of charges is provided in accordance with lease agreementsComplete annual roll forwards of CAP’s, fixed and other items in accounting softwareCalculate and prepare yearly recovery budgets, by property, for property accounting and leasingCalculate and bill tenants for monthly estimates of charges based on budgeted expenses

About Us

SITE Centers is an owner and manager of retail real estate, with a premier portfolio of open-air shopping centers located in the most desirable locations across the United States. Headquartered outside of Cleveland in Beachwood, Ohio, we are a self-managed and self-administered REIT, publicly traded on the New York Stock Exchange under the ticker: SITC. We employ approximately 160 employees, with 130 hybrid workers in our corporate office, and the remainder of our staff based remotely across the country, including a regional office in Atlanta, Georgia.

SITE Centers is uniquely positioned within the industry, operating with the institutional foundation and corporate benefits program of a much larger company, yet with an employee count that allows us to embrace our creative, entrepreneurial spirit. This distinct combination allows us to foster a cohesive, cross-functional team that brings a diverse array of experiences and worldviews to our organization. We pride ourselves on fostering an inclusive work culture that is centered on valuing Fearlessness, Authenticity, Curiosity and Thoughtfulness. Collectively, these core values make up our Matters of FACT, the guiding principles that drive our day-to-day operations and reflect the code and behaviors that exist in our passionate, hardworking and dedicated team members.

Why This Role Is a Great Opportunity

Joining Site Centers as a Tenant Recoveries Analyst offers a unique career opportunity in the dynamic field of real estate finance. This role is perfect for those who are passionate about problem-solving and have a keen eye for detail. As a Tenant Recoveries Analyst, you'll be at the forefront of analyzing complex financial data, ensuring accurate reconciliation of common area maintenance (CAM), insurance, and real estate tax accounts. This experience will not only enhance your analytical skills but will also provide you with a comprehensive understanding of the real estate industry's intricacies.

At Site Centers, you will be part of a collaborative team that values innovation and continuous improvement, offering you plenty of growth opportunities. This position allows you to work closely with cross-functional teams, expanding your network and enhancing your career prospects. In an industry that is constantly evolving, being a Tenant Recoveries Analyst will keep you updated with the latest trends and practices, making you an invaluable asset in the real estate sector.

Key Skills You Need to Succeed

• Analytical Skills: As a Tenant Recoveries Analyst, you will need to analyze complex data sets and identify discrepancies. Strong analytical skills are essential to ensure accurate financial reporting.
• Proficiency in Excel and R: Mastery of tools like Excel and R is crucial for data analysis and reconciliation tasks. These skills will help you efficiently manage large volumes of financial data.
• Attention to Detail: The ability to spot errors and inconsistencies in financial data is vital for maintaining the integrity of tenant and property financial records.
• Communication Skills: You'll need to clearly communicate findings and collaborate with other departments to resolve discrepancies and implement solutions effectively.
• Time Management: Balancing multiple projects and meeting deadlines is a key part of the role. Strong time management skills will ensure you can handle these responsibilities efficiently.

Tips to Get Hired for This Role

To stand out as a candidate for the Tenant Recoveries Analyst position at Site Centers, tailor your resume to highlight relevant skills and experiences. Emphasize your analytical prowess and proficiency with Excel and R, as these are critical to the role. Including specific examples of past achievements in data analysis or financial reconciliation can make a significant impact.

Prepare for the interview by researching Site Centers and familiarizing yourself with their values and business model. Be ready to discuss how your skills align with the company's goals and how you can contribute to their success. Practice explaining complex financial concepts in simple terms, as clear communication is essential in this role.

Finally, be proactive in showcasing your problem-solving abilities. During the interview, discuss past experiences where you successfully resolved financial discrepancies or optimized processes. Demonstrating your critical thinking skills will leave a lasting impression and increase your chances of securing the role.