Lease Accounting Associate

JOB DESCRIPTION

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