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Lease Accounting Coordinator

Phillips Edison & CompanyCincinnati, OH

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Job Description

Essential Duties and Responsibilities:

  • Lease Administration -

  • Oversee the acquisition and disposition process prior to close and work closely with the transactions team and Accenture to ensure data accuracy and deadlines are met

  • Review acquired leases to comply with internal controls requirements

  • Review pending issues drafted by third-party service provider (Accenture) related to understanding executed leases and agreements, provide precise and concise notes to assist in the importing process from MRI LeaseFlow to Commercial Management

  • Oversee building, lease and unit maintenance daily to ensure expansions, relocations, splits, combines and new entity setups are processed timely to meet reporting deadlines

  • Effectively communicate with internal audit and provide evidence of meeting controls around acquisitions and lease review deadlines, answer any questions that arise and provide information as requested

  • Clarify and correct issues arising after the data importing process by reviewing executed documents and setup in the system

  • Review executed leases and various amendments to comply with internal controls requirements; take special responsibility in reviewing non-PECO-standard leases drafted on national or regional tenants' lease templates, ensuring all critical information in MRI is accurate and complies with internal controls

  • Conduct a comprehensive review of and address issues related to all leases acquired from third parties for completeness to comply with internal controls

  • Work closely with accounting and legal teams to resolve any difficult discrepancies, disputes, or issues arising due to misunderstanding of leases

  • Communicate effectively and provide excellent customer service to finance, financial reporting, legal, property management, asset management, construction, and recoveries, etc.

  • Address helpdesk tickets for items related to lease setup and maintenance, help fix historical setup errors

  • Run built in queries monthly to ensure CM data accuracy

  • Special projects -

  • Perform ad hoc projects as needed by the management team

  • Provide quick research and analysis to assist leaders in decision making

  • Work closely with the IT department in report development or enhancement, testing and providing essential and constructive research feedback/suggestions to deploy upgraded reports in a timely manner

Education / Experience Requirements:

  • Minimum of a bachelor's degree (accounting preferred)
  • Familiarity with retail lease language strongly preferred
  • Lease maintenance experience preferred
  • Strong organizational skills and attention to detail. Proven track record of accuracy in daily work and other projects
  • Ability to multi-task in a high-volume, deadline-oriented environment with frequent interruptions
  • Ability to meet communicated schedules and deadlines
  • Excellent customer service and communication skills
  • Advanced Excel skills preferred.
  • MRI experience preferred.
  • Adherence to policies, procedures and instructions of Management

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