Lease Accountant
Virginia
Category: Finance and Accounting
Reference ID: 10066206
Shortcut: http://addisongroup.gosnaphop.com/FX3Bvw
Role: Lease Accountant
Location: Vinings, GA, in person daily
Position Type: Permanent
Pay: $85,000 - $87,000 / year
Benefits: This position is eligible for medical, dental, vision and 401(K).
Job Description:
- Maintain and reconcile all general ledger accounts related to real estate, including rent, CAM, taxes, and utilities
- Record monthly rent payments
- Manage accounting for tenant improvements, capital expenditures, and property related assets and liabilities
- Reconcile security deposits, landlord statements, and lease escalations
- Prepare monthly, quarterly, and annual property related financial statements and variance analyses
- Support budgeting and forecasting for real estate costs across multiple office locations
- Produce ad hoc financial analyses to support real estate strategy, relocations, expansions, or lease renegotiations
- Review leases and amendments to ensure proper accounting treatment
- Maintain accurate schedules and documentation for all lease obligations
- Partner with Real Estate team to track occupancy changes and office space allocations
- Allocate real estate costs to departments, practice groups, or cost centers as required
- Review and validate landlord CAM reconciliations and escalate discrepancies
- Work with Accounts Payable to ensure timely processing of property related invoices
- Assist with internal and external audits, providing documentation related to leases and property assets
- Ensure compliance with GAAP and company policies
- Other duties as assigned
Education & Skills Requirements:
- Bachelor’s degree in Accounting
- 3 to 5 years of relevant property accounting or lease accounting experience
- Strong understanding of GAAP and ASC 842 lease accounting standards
- Proficiency with accounting systems and Excel
- High attention to detail and accuracy
- Familiarity with multi office, multi state lease portfolios
- Strong analytical, organizational, and communication skills
Addison Group is an Equal Opportunity Employer. Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Reasonable accommodation is available for qualified individuals with disabilities, upon request.
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