Lease Revenue Analyst

The Lease Revenue Analyst manages and oversees the revenue stream for a portfolio of properties via the monthly rent roll cycle and various other processes using very high-tech system applications. The Analyst is responsible for complete, accurate and timely billing of rents, additional charges and other revenue in accordance with the terms of the lease agreements.

Due to the complexity of the leases, amendments and other documents - in addition to the intricate and sophisticated nature of the system applications - the Lease Revenue Analyst must analyze and interpret the lease language to determine the appropriate administration of agreements for accuracy in billing and financial reporting. The Lease Revenue Analyst must possess a good understanding of how the system applications operate, know its limitations and be able to identify system-related issues or bugs.

What You’ll Do

• Manage, maintain, and ensure completeness of entire rent roll. Examples are as follows:
  • Calculate all changes in base rent, fixed CAM, promotional dues, Business Development, ground leases, and all other monthly recurring revenue that is primarily based on financial terms per lease agreements or other contracts.
  • Ensure timely billing and rent roll changes for specialty tenants.
  • Make all necessary rent roll and billing adjustments due to lease extensions, abated rent lease terminations, tenants holding over, bankruptcy settlements, and other lease amendments or other agreements.
  • Coordinate rent roll impounds for all reimbursement of recoverable expenses with Recoveries Accountant.
  • Administer billing/tenant notification of any monthly rent roll changes.
  • Review Leasing Services input of financial data into system.
• Maintains all tenant lease related tenancies and activities associated with accounts, units, and lease records in the system.
• Analyze and interpret leases, amendments, and other documents to discern appropriate entry and set up of each agreement.
• Calculate and oversee annual/periodic tenant billings such as percentage rent and other miscellaneous charges.
• Ensure overall tenant/customer compliance with all financial terms per lease agreements or other contracts.
• Processes miscellaneous one-time charges and reimbursements.
• Administers tenant address changes by verifying request and updating customer accounts.
• Reviews co-tenancy requests and determines if Landlord is in compliance or non-compliance of co-tenancy terms. Administers billing changes when necessary.
• Calculate revenue accruals and reconcile related accounts (excluding reimbursement of recoverable expenses handled by recoveries and property accountants) as applicable
• Respond to questions regarding revenue portion of budgets and projections.
• Act as liaison for Accounts Receivable Associates with difficult billing and accounts receivable issues.
• Assist Property and Leasing Managers with all revenue related questions and issues.
• All other duties as assigned.

Your Key Success Attributes

• High school diploma or equivalent.
• Accounting or financial experience in a real estate preferred but not required.
• Ability to comprehend, interpret and apply complex lease provisions.
• Basic understanding of accounting principles and accrual accounting.
• Intermediate knowledge of Microsoft Office including Word, Excel, Power Point and Outlook
• All applicants must be able to perform the essential functions of the position, including corresponding core job requirements, with or without a reasonable accommodation. Reasonable accommodations may be made to enable individuals with disabilities (and others in accordance with applicable law) to perform the essential functions of the job, consistent with applicable laws and Company policy.

Our Culture of Belonging

At Macerich, we are committed to a diverse, inclusive, and equitable workplace. We believe our diversity creates value for our employees, workplaces and town centers, and the communities we serve.

We strive to hire great people from diverse backgrounds, and we are stronger for it. We want our employees to thrive, feel valued and respected, and therefore encourage a culture of learning, acknowledging, and celebrating individual uniqueness. We are proud of our practices and the equal opportunity for employment and advancement we foster across the organization.

In support of our culture of belonging, Macerich welcomes qualified applicants without regard to race, color, religion, creed, gender, national origin, age, disability, medical condition, genetic information, military or veteran status, marital status, pregnancy (including childbirth and pregnancy-related medical conditions), sex, gender expression or identity, sexual orientation, citizenship, or any other characteristic or class protected under federal, state, or local law. Additional information is contained in Macerich’s Anti-Harassment, Discrimination and Retaliation Policy, which can be provided to applicants upon request. Macerich also provides reasonable accommodations to qualified individuals with disabilities. If you require accommodation during the application process or your employment, please contact Human Resources.

Join our team of great people!

Education

• High School or better