Lease - CAM Reconciliation

24 hours ago

Chennai, India MRI Software Full time

Job Description The CAM Reckoners will be responsible for supporting day-to-day NNN-Reconciliation/YEB/Estimate Calculations and plays a critical role in ensuring the accurate and timely completion of CAM, INS, TAX, Other Reconciliations and associated tenant billings both manually and ERP. This position requires strong analytical skills, meticulous attention to detail, and a deep understanding of lease agreements and real estate accounting principles. Reconciliation/YEB/Estimate Calculations: - Lead the end-to-end Reconciliation process for assigned properties/portfolios. - Thoroughly review Agreements & LA, to understand Additional-Rent clauses, exclusions, CAPs, Gross-up, AF & MF, provisions, and Pro-rata share calculations for each tenant. - Gather and analyze actual operating expenses from the General Ledger, Verifying Invoices, Receipts, and other financial records related to Additional Rent. - Prepare detailed Reconciliation, comparing estimated tenant payments against actual expenses. - Calculate and process true-up adjustments. - Ensure all Recon calculations comply with Lease terms, Accounting Standards. - Deep Data Validation & Analysis is must skill - Collaborate with Lease Admin and Property Management teams to ensure accurate Results. - Identify opportunities to streamline and improve Year-end billing and Reconciliation processes for greater efficiency and accuracy. - Assist in developing and updating standard operating procedures (SOPs) related to billing and reconciliation. - Support audit and review requests from tenants or third-party auditors. - Maintain detailed workpapers, documentation, and audit trails. Qualifications: - Bachelor's degree preferred - 3+ years of progressive experience in Reconciliation & YEB and Estimate calculation. - Technical Skills - Proficient in MS-Excel - Experience with property management software is plus - Excellent written and verbal communication skills, with the ability to explain complex financial information clearly - Highly organized with the ability to manage multiple priorities and meet tight deadlines in a fast-paced environment. - Review and provide feedback on complex Reconciliations/YEB/Estimate calculations end to end. - Perform in-depth quality control checks on calculations, data integrity, and supporting documentation. - Act as a key liaison and subject matter expert for internal and external Teams. - Provide insights and recommendations based on reconciliation outcomes to inform budgeting and forecasting processes. - Soft Skills - Team-building skills, with a proven ability to motivate, develop, and manage a team - Good Communication with interpersonal skills - Proactive and results-oriented mindset.

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