Job Description
Job description
The Senior Lease Accountant will be responsible for managing and executing various accounting functions related to lease transactions and tenant reconciliations. This role involves participating in monthly and quarterly financial processes, preparing reports, and ensuring compliance with accounting standards. The ideal candidate should possess strong analytical skills, attention to detail, and the ability to communicate effectively with tenants and internal stakeholders.
Tenant Revenue Oversight:
• Execute the monthly rent up process, ensuring all rental income is recorded correctly
• Perform monthly bank reconciliation, ensuring all transactions are accurately recorded and discrepancies are resolved
• Conduct comprehensive reconciliations for Common Area Maintenance (CAM) charges, tenant expenses, and operating expenses
• Address and resolve tenant inquiries related to operating expenses and works closely with PM and AR team to ensure timely resolution
• Monitors and reconcile prepaid rent and percentage rent postings in the Cash Management system
Property Tax Management:
• Oversee property tax process to ensure that tax accruals, payments, and tenant tax reconciliations align with expectations
• Works with tax accountant to facilitate communication between tenants, tax authorities, consultants, property managers, and other relevant parties to ensure comprehensive tax management
• Review payment packages and coding for all Ryan Tax approval reports, ensuring accuracy and compliance
Reporting and Compliance:
• Maintain and update the Foregone Lease Cost (FLC) schedule
• Review quarterly CM batches to ensure all transactions are properly recorded and reconciled.
• Enter GL JE's accurately and timely as a Senior Accountant and process quarterly entries related to tenant revenue and expenses accounts
• Conduct quarterly reconciliations of all relevant accounts, ensuring accuracy and compliance with accounting standards
• Manage and execute quarterly payments related to mall operations, ensuring timely and accurate processing
• Prepare memos related to the acquisition, modification, and disposition of leases
Financial Analysis:
• Conduct financial analysis related to tenant rent collections, base rent percentages, and tenant deferral agreements
• Prepares and analyzes the collections report to monitor outstanding payments and ensure timely collections and present it to the company in a timely manner
Collaboration and Communication:
• Collaborate with cross-functional teams, including Acquisition, Property Management, Asset Management, and Real Estate Legal, to optimize financial and operational performance.
• Ensure effective communication with internal and external stakeholders
EDUCATION AND EXPERIENCE
• Bachelor’s degree in accounting, Finance, or related field
• Minimum of 4-6 years of experience in lease accounting or a related field
• Strong knowledge of GAAP and lease accounting standards
• Proficiency in accounting software and Microsoft Office Suite, particularly Excel
• Excellent analytical and problem-solving skills
• Strong attention to detail and organizational skills; self-starter
• Effective communication and interpersonal skills
• Ability to work independently and as part of a team
• Experience with publicly traded companies, REITs, or the real estate industry preferred
• Experience with internal controls and supporting SOX requirements preferred
• MRI/Yardi or other Property Management software a plus
About Us
Four Corners Property Trust, Inc. (“FCPT” or the “Company”) was launched in 2015 and is a ~$3 billion (enterprise value) publicly traded net-lease REIT with over 1,100 properties. The Company’s entrepreneurial culture combines a start-up environment with the backing and stability of a well-capitalized balance sheet and a strong, experienced management team. At FCPT, we promote a culture that encourages both personal and professional growth for all employees and emphasizes the importance of work-life balance.
FCPT prioritizes and celebrates its employees by providing a world class benefit package and employee experience at work. Highlights include +0-100% medical, dental, and vision plan premiums paid by company, 401k match, employee bonus program, participation in employee stock plan, gym membership reimbursement, emotional wellness program, meals in the office, among many other perks.
FCPT also focuses on creating an amazing workplace that encourages employees to learn and grow in their role, no matter what they do for the company. If you have career interests - we want to help you find and support your journey.
(Salary disclosure: $+5,000 - $110,000)
FCPT is an equal-opportunity employer. In accordance with applicable law, we prohibit discrimination and harassment against team members, applicants for employment, individuals providing services in the workplace pursuant to a contract, unpaid interns and volunteers based on their actual or perceived: race (including traits historically associated with race, such as hair texture and protective hairstyles), religious creed, color, national origin, ancestry, physical or mental disability, medical condition, genetic information, marital status (including registered domestic partnership status), *** and gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity and gender expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), age (40 and over), ****** orientation, Civil Air Patrol status, military and veteran status, and any other consideration protected by federal, state or local law (collectively referred to as "protected characteristics").
The Senior Lease Accountant will be responsible for managing and executing various accounting functions related to lease transactions and tenant reconciliations. This role involves participating in monthly and quarterly financial processes, preparing reports, and ensuring compliance with accounting standards. The ideal candidate should possess strong analytical skills, attention to detail, and the ability to communicate effectively with tenants and internal stakeholders.
Tenant Revenue Oversight:
• Execute the monthly rent up process, ensuring all rental income is recorded correctly
• Perform monthly bank reconciliation, ensuring all transactions are accurately recorded and discrepancies are resolved
• Conduct comprehensive reconciliations for Common Area Maintenance (CAM) charges, tenant expenses, and operating expenses
• Address and resolve tenant inquiries related to operating expenses and works closely with PM and AR team to ensure timely resolution
• Monitors and reconcile prepaid rent and percentage rent postings in the Cash Management system
Property Tax Management:
• Oversee property tax process to ensure that tax accruals, payments, and tenant tax reconciliations align with expectations
• Works with tax accountant to facilitate communication between tenants, tax authorities, consultants, property managers, and other relevant parties to ensure comprehensive tax management
• Review payment packages and coding for all Ryan Tax approval reports, ensuring accuracy and compliance
Reporting and Compliance:
• Maintain and update the Foregone Lease Cost (FLC) schedule
• Review quarterly CM batches to ensure all transactions are properly recorded and reconciled.
• Enter GL JE's accurately and timely as a Senior Accountant and process quarterly entries related to tenant revenue and expenses accounts
• Conduct quarterly reconciliations of all relevant accounts, ensuring accuracy and compliance with accounting standards
• Manage and execute quarterly payments related to mall operations, ensuring timely and accurate processing
• Prepare memos related to the acquisition, modification, and disposition of leases
Financial Analysis:
• Conduct financial analysis related to tenant rent collections, base rent percentages, and tenant deferral agreements
• Prepares and analyzes the collections report to monitor outstanding payments and ensure timely collections and present it to the company in a timely manner
Collaboration and Communication:
• Collaborate with cross-functional teams, including Acquisition, Property Management, Asset Management, and Real Estate Legal, to optimize financial and operational performance.
• Ensure effective communication with internal and external stakeholders
EDUCATION AND EXPERIENCE
• Bachelor’s degree in accounting, Finance, or related field
• Minimum of 4-6 years of experience in lease accounting or a related field
• Strong knowledge of GAAP and lease accounting standards
• Proficiency in accounting software and Microsoft Office Suite, particularly Excel
• Excellent analytical and problem-solving skills
• Strong attention to detail and organizational skills; self-starter
• Effective communication and interpersonal skills
• Ability to work independently and as part of a team
• Experience with publicly traded companies, REITs, or the real estate industry preferred
• Experience with internal controls and supporting SOX requirements preferred
• MRI/Yardi or other Property Management software a plus
About Us
Four Corners Property Trust, Inc. (“FCPT” or the “Company”) was launched in 2015 and is a ~$3 billion (enterprise value) publicly traded net-lease REIT with over 1,100 properties. The Company’s entrepreneurial culture combines a start-up environment with the backing and stability of a well-capitalized balance sheet and a strong, experienced management team. At FCPT, we promote a culture that encourages both personal and professional growth for all employees and emphasizes the importance of work-life balance.
FCPT prioritizes and celebrates its employees by providing a world class benefit package and employee experience at work. Highlights include +0-100% medical, dental, and vision plan premiums paid by company, 401k match, employee bonus program, participation in employee stock plan, gym membership reimbursement, emotional wellness program, meals in the office, among many other perks.
FCPT also focuses on creating an amazing workplace that encourages employees to learn and grow in their role, no matter what they do for the company. If you have career interests - we want to help you find and support your journey.
(Salary disclosure: $+5,000 - $110,000)
FCPT is an equal-opportunity employer. In accordance with applicable law, we prohibit discrimination and harassment against team members, applicants for employment, individuals providing services in the workplace pursuant to a contract, unpaid interns and volunteers based on their actual or perceived: race (including traits historically associated with race, such as hair texture and protective hairstyles), religious creed, color, national origin, ancestry, physical or mental disability, medical condition, genetic information, marital status (including registered domestic partnership status), *** and gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity and gender expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), age (40 and over), ****** orientation, Civil Air Patrol status, military and veteran status, and any other consideration protected by federal, state or local law (collectively referred to as "protected characteristics").
💡 Quick Summary
Seeking a career-building opportunity? The Senior Lease Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Mill Valley offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
