Lease Accounting Project Analyst

The Lease Accounting team at SITE Centers is looking for a Lease Accounting Project Analyst in Beachwood, OH. The Lease Accounting Project Analyst plays an important role in supporting accurate lease accounting operations, with a strong focus on reviewing work, overseeing quality, and coordinating acquisition setup. This position helps ensure Initial Billing (IB) documents, tracking logs, and related reports are complete, accurate, and compliant with internal controls and SOX requirements. This position partners closely with transactions, recoveries, property reporting and external teams. We need an Analyst with prior experience reading and understanding landlord leases and knowledge of real estate accounting practices who thrives in doing detail-oriented review work, collaborating cross-functionally with business partners, and has an eye for process improvement. 

This position works a hybrid schedule in the Beachwood, OH corporate office 3 days a week (Tuesday and Wednesday required), and the option to work from home up to 2 days a week.  During the initial 90-day onboarding period, we might encourage being onsite more than 3 days so you can get successfully oriented and trained in your new role. 

The expected salary range for this position is between $53,000 - $65,000. Actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, geographical and industry market data, and business considerations and other factors permitted by law.

To be successful in this role, you will need to:

• Maintain accurate and timely Excel tracking log for all documents received by IB for database updates, this includes identifying and adding document type & key conditions into the log, assigning document to an analyst for processing, auditing of the log to identify errors, assigning corrections to analysts, and overall management of document processing
• Review lease/document Bill Copy for errors and approvals if the document has been processed properly to comply with SOX regulations
• Maintain workflow process for adjustment forms, including assignment to Recovery Analysts for data entry and resolving issues related to ECM
• Collect key data and creates a detailed monthly report to management on tenants who have not yet opened for business and have reached their rent commencement date or could potentially be billed within the next 90 days
• Perform acquisition audits by conducting a final quality review and approval, as needed
• Prepare initial set-up of acquisition properties and reconciliation of sold properties by creating a manual billing schedule for Transactions to use to model recoveries, lease review for accuracy, and EP Setup in JDE
• Conduct rent roll validations to identify and correct errors for disposition or refinanced properties
• Perform various testing efforts to ensure system upgrades do not interrupt system functionality. Manages updates within the department’s procedure manual when processes and systems change
• Conduct quarterly CAM audits by performing random testing on CAM billings and adjustment forms to validate all SOX regulations
• Assist with annual tax billings, quarterly CAM billings and monthly accruals, as needed
• Assist with year-end reconciliations and budgets, as needed
• Works on department general and administrative expenses, vendor invoices, expense reports and other paperwork to/from manager and other departments
• Maintain the workflow process for Lease Termination Agreement Forms, Stop Billing Log, Open Not Billed Report, and Critical Date Log, and submits these reports for management approval
• Serve as the primary analyst to work on new projects and ad-hoc reporting needs for IB and Recoveries

ABOUT US

SITE Centers is an owner and manager of retail real estate, with a premier portfolio of open-air shopping centers located in the most desirable locations across the United States. Headquartered outside of Cleveland in Beachwood, Ohio, we are a self-managed and self-administered REIT, publicly traded on the New York Stock Exchange under the ticker: SITC. We employ approximately 160 employees, with 130 hybrid workers in our corporate office, and the remainder of our staff based remotely across the country, including regional offices in New York City and Atlanta, Georgia.

SITE Centers is uniquely positioned within the industry, operating with the institutional foundation and corporate benefits program of a much larger company, yet with an employee count that allows us to embrace our creative, entrepreneurial spirit. This distinct combination allows us to foster a cohesive, cross-functional team that brings a diverse array of experiences and worldviews to our organization. We pride ourselves on fostering an inclusive work culture that is centered on valuing Fearlessness, Authenticity, Curiosity and Thoughtfulness. Collectively, these core values make up our Matters of FACT, the guiding principles that drive our day-to-day operations and reflect the code and behaviors that exist in our passionate, hardworking and dedicated team members.