Jobs and Careers

Analyst, Real Estate Finance & Operations

San Diego, United Statesfull_timeVerifiedPosted 27 Jan 2025

💰 $82,454/yr($61,818/yr – $82,454/yr)

About the role

Realty Income aims to be a globally recognized leader in the S&P 100, committed to creating long-term value for all stakeholders. These stakeholders include our dedicated team members, who embody our purpose: building enduring relationships and brighter financial futures. This guiding principle serves as a beacon for our team, influencing every action we take. Realty Income’s employees consistently invest their time, commitment, and dedication into the company, and in turn, they receive investment returns in the form of purpose, belonging, and opportunities for advancement. Realty Income is committed to best-in-class corporate responsibility practices through environmental initiatives, governance programs, and community outreach projects. From the boardroom to the breakroom, our team members make a difference every day. Position Overview:The Analyst, Real Estate Finance & Operations (“Analyst”) is responsible for assisting in all areas required to properly maintain all necessary records, documents, and schedules relating to operating expense recoveries. The Analyst has immediate responsibility for overseeing all administrative activities associated with Common Area Maintenance (CAM) Reconciliations, which includes, among other duties, contract billings to 3rd-party associations, setup and maintenance of recovery pools, commercial lease review and analysis, and various ad hoc projects supporting the Real Estate Finance & Operations team. The Analyst is responsible for all Real Estate tax and insurance reconciliations and direct billings. Key Responsibilities:Administration:

Analyze and interpret Leases, Amendments, and Title documents relating to CAM obligations and update key fields within Yardi.
Assist team leads in issuing annual CAM reconciliations, supporting documents, and updating recovery estimates.
Provide follow-up with tenants on delinquencies and update accounts receivable notes and trackers.
Accommodate various requests for information relating to third-party management.
Represent Real Estate Finance and Operations as the point of contact for all tenant inquiries involving CAM payments, reconciliations, supporting documents, disputes, and related items.

Recoveries:

Contributes to the execution of over 4,500+ insurance and tax direct billings, leveraging business process automation.
Responsible for performing insurance and tax reconciliations.
Review 3rd-party management reconciliations for completeness and accuracy. Compare all required backup against governing title documents, i.e., OEA’s, REA’s, POA’s, and CC&R’s.
Maintain fixed CAM schedules and coordinate all updates with the Lease Administration Team.
Assist the Revenue Accounting Supervisor in the reviewing of monthly receipting of NNN rents along with periodic ledger audits.
Aid in the resolution of outstanding reconciliations and payments.
Support Property Management in billing Tenants for direct reimbursable expenses.
Update CAM tracking tools and prepare various reports for recurring meetings.

Billings & Support:

Obtain, review, and update W9s and proof of insurance for all 3rd-party associations and management entities.
Review and process 3rd-party Association invoices through Yardi workflows. Update recurring invoice templates.
Maintain all 3rd-party contact information and act as a representative for matters relating to payments, disputes, and service requests.
Enhance Microsoft Power BI to accurately reflect the status of CAM 3rd-party invoice payments, Insurance Reconciliations, TAX reconciliation, and CAM reconciliation, ensuring real-time visibility and informed decision-making.

Qualifications:Knowledge, Skills, and Abilities:

Competency in tenant ledgers and general ledger accounting.
Ability to identify information to clarify a situation, seek that information from appropriate, multiple sources, and use skillful questioning to abstract the information.
Ability to recognize discrepancies and inconsistencies in available information.
Ability to organize complex information and materials for others.
Strong oral and written communicatio