THE OPPORTUNITY

We are looking for a Senior Property Accountant of Lease Administration to manage the accuracy of expense recoveries and tenant billings across S2’s industrial portfolio. The ideal candidate is collaborative, detail-oriented, and an absolute stickler for accuracy.

Do you enjoy research-driven work that ensures accurate expense recoveries and tenant billings in accordance with lease terms? Are you most effective when following established systems and processes? Are you able to respond quickly and manage multiple priorities while partnering closely with other teams to problem-solve and drive process improvements?

If you excel at producing accurate financial reports, analyzing discrepancies, and collaborating across teams to maintain property accounting integrity—let’s talk.

RESPONSIBILITIES:

• Review and validate monthly financial statements for all properties, ensuring expenses are properly classified and allocated per lease terms and chart of accounts.
• Identify and correct discrepancies in GL coding, accruals, and recoverable vs. non-recoverable expenses.
• Track monthly recoverable expenses and tenant billings for accuracy.
• Collaborate with Property Managers and Property Accountants to resolve variances or unusual fluctuations.
• Complete move-out reconciliations for operating expenses; issue accurate final billings or credits.
• Review lease abstracts and interpret expense recovery clauses to calculate tenant obligations.
• Communicate reconciliation results to Property Managers and tenants.
• Conduct a mid-year review of recoverable expenses and tenant estimates; adjust charges as needed.
• Lead annual reconciliation process for CAM, insurance, and real estate taxes across assigned portfolio.
• Prepare detailed reconciliation schedules, calculate tenant share percentages, and produce tenant-level statements.
• Coordinate with Property Managers, Property Accountants, and Leasing teams to confirm tenant data and occupancy changes.
• Respond to tenant questions or disputes regarding reconciliation calculations.
• Develop and implement standardized reconciliation templates and processes.
• Provide variance analysis and reporting to senior management.
• Identify opportunities for cost recovery and efficiency improvements.
• Maintain organized reconciliation files for audit and reference.

REQUIREMENTS

• Bachelor’s degree in Accounting, Finance, or related field.
• 3 to 5 years of property accounting experience, preferably in commercial real estate.
• Strong understanding of CAM, insurance, and tax reconciliations.
• Proficiency in Yardi or similar property management/accounting software.
• Detail-oriented with strong analytical and problem-solving skills.
• Ability to interpret lease language and expense recovery clauses.
• Excellent communication and collaboration skills.