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Lease Administration / Accountant
Washington, DCJob Opportunity: Lease Administration / Accountant
Location: Washington, DC
Salary Range: $65,000 – $75,000 annually
About the Role
Our client, a leading real estate organization, is seeking a detail-oriented Lease Administration / Accountant to join their team. This role is ideal for professionals with experience in lease abstraction, tenant billing, and financial reconciliation within commercial real estate.
Key Responsibilities
Ideal Candidate Profile
#IND123
Location: Washington, DC
Salary Range: $65,000 – $75,000 annually
About the Role
Our client, a leading real estate organization, is seeking a detail-oriented Lease Administration / Accountant to join their team. This role is ideal for professionals with experience in lease abstraction, tenant billing, and financial reconciliation within commercial real estate.
Key Responsibilities
- Interpret and abstract lease documents, amendments, and agreements, input data into MRI software.
- Generate monthly charges and issue tenant statements.
- Draft and track commencement agreements; update lease data in MRI.
- Prepare welcome letters, rent commencement notices, and other tenant correspondence.
- Create recovery pools and perform year-end reconciliations for CAM, taxes, and insurance.
- Develop income projections and post rental charges.
- Estimate annual CAM, RET, and insurance costs.
- Monitor gross sales and prepare percentage rent billings.
- Track critical lease dates (e.g., LOCs, security deposits, lease options).
- Provide timely and accurate lease data to internal departments.
- Collaborate with leasing and legal teams to resolve lease interpretation issues.
- Manage rent collections, post cash applications, and maintain tenant communications.
Ideal Candidate Profile
- Experience: 3+ years in lease administration or property accounting.
- Software Skills: Proficiency in MRI or Yardi is highly preferred.
- Knowledge: Strong understanding of commercial lease terms and financial operations.
- Skills: Excellent attention to detail, communication, and organizational skills.
#IND123