The CAM Reckoners will be responsible for supporting day-to-day
NNN-Reconciliation/YEB/Estimate Calculations and plays a critical role in
ensuring the accurate and timely completion of CAM, INS, TAX, Other
Reconciliations and associated tenant billings both manually and ERP. This
position requires solid analytical skills, meticulous attention to detail, and
a deep understanding of lease agreements and real estate accounting principles.
Reconciliation/YEB/Estimate Calculations :
* Lead the end-to-end Reconciliation process for assigned
properties/portfolios.
* Thoroughly review Agreements & LA, to understand Additional-Rent clauses,
exclusions, CAPs, Gross-up, AF & MF, provisions, and Pro-rata share
calculations for each tenant.
* Gather and Analyze actual operating expenses from the General Ledger,
Verifying Invoices, Receipts, and other financial records related to
Additional Rent.
* Prepare detailed Reconciliation, comparing estimated tenant payments against
actual expenses.
* Calculate and process true-up adjustments.
* Ensure all Recon calculations comply with Lease terms, Accounting Standards.
* Deep Data Validation & Analysis is must skill
* Collaborate with Lease Admin and Property Management teams to ensure accurate
Results.
* Identify opportunities to streamline and improve Year-end billing and
Reconciliation processes for greater efficiency and accuracy.
* Assist in developing and updating standard operating procedures (SOPs)
related to billing and reconciliation.
* Support audit and review requests from tenants or third-party auditors.
* Maintain detailed workpapers, documentation, and audit trails.
Qualifications:
* Bachelor’s degree preferred
* 3+ years of progressive experience in Reconciliation & YEB and Estimate
calculation.
Technical Skills
* Proficient in MS-Excel
* Experience with property management software is plus
* Excellent written and verbal communication skills, with the ability to
explain complex financial informati