Lease Accounting Associate

Location: VA-Chesapeake

Title Lease Accounting Associate

Company Dollar Tree

Location of Position Chesapeake, Virginia

Summary of Position (Job Purpose)

• Manage the financial aspects of a portfolio of approximately 650+ store leases.
• Oversee, review, process, and approve lease-related financial transactions such
• as Rent, Real Estate Taxes, Common Area Maintenance Charges, Insurance
• Premiums, and other property-related operating expenses while developing and
• maintaining a professional relationship with Landlords.
• Successful candidates must possess the ability to analyze commercial retail
• leases and payment information to determine compliance, identify potential
• overpayments, and the collection of amounts due to the company as an outcome
• of completed audit results. The ability to work in a fast-paced environment with
• strong attention to detail and organizational skills are essential.

Principal Duties and Responsibilities

•  Responsible for reviewing payment schedules in excess of $6.5 million per
• month for assigned portfolio of stores.
•  Review and prepare invoices for recurring rent payments including
• operating charges/reconciliations, rent/CPI increases, and any other
• changes to rent amounts due to expansions, reductions and terminations.
•  Review and interpret legal documents for assigned portfolio of stores to
• determine accuracy of operating expenses.
•  Perform desktop audits of landlord year end reconciliations to validate
• accuracy in rental and ancillary charges, along with any cap requirements
• and first year variances as per lease requirements.
•  Perform analysis of landlord statements and dispute incorrect charges or
• unauthorized increases to operating expenses.
•  Review, research, and resolve past due account balance
• reconciliations/default notices.
•  Perform historical audits.
•  Maintain database of assigned portfolio of stores to effectively monitor
• workflow and track individual savings.
•  Resolve landlord disputes and critical issues as they develop through
• effective collaboration with Landlords, the Manager of Lease Accounting,
• and the Legal Department/Legal Counsel.
•  Assist with various projects as they arise.
•  Handle other duties as assigned.

Minimum Requirements/Qualifications

•  2 years minimum experience in commercial real estate or commercial
• property management
•  Understanding of basic accounting; mathematical aptitude
•  Excellent analytical, problem solving, and communication skills
•  Proven experience building and maintaining relationships
•  Strong attention to detail and advanced organizational skills
•  The ability to successfully manage multiple priorities
•  Possess strong time management skills with the ability to respond to
• changing deadlines with a sense of urgency.
•  Ability to work with little supervision
•  Strong PC skills and knowledge of Microsoft Outlook, Word, and Excel
• required
• This position requires an independent worker who takes initiative and provides
• accurate, detail-oriented work
• Experience in Real Estate or Lease/Contract Management desired, but not a
• requirement
• Full time

500 Volvo Parkway,Chesapeake,Virginia 23320

Accounting

Dollar Tree