Lease Accounting Analyst at Phillips Edison & Company LTD in Cincinnati, Ohio

Job Description:

About us:

Phillips Edison & Company takes PRIDE in creating great omni-channel grocery-anchored shopping experiences and improving communities, one center at a time. PECO’s culture is fueled by the ENERGY our team brings to work every day – to find creative solutions and create value for our centers, our investors, our communities and the greater world around us. PECO’s culture is driven by our team’s CONNECTION to each other and the communities in which we live and work. PECO embraces the OPPORTUNITY to source and implement creative and sustainable programs to create a positive impact on the environment.

Phillips Edison’s operating platform provides retail services including acquisition, redevelopment, leasing and management of grocery-anchored retail centers.

What you'll do:

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  Lease Administration –
  
  
  • Review pending issues drafted by third party service provider (Accenture) related to understanding of executed leases and agreements, provide precise and concise notes to assist in importing process from MRI LeaseFlow to Commercial Management
  
  
  • Clarify and correct issues arising after data importing process by reviewing executed documents and set up in the system
  
  
  • Review executed leases and various amendments to comply with internal controls requirement; take special responsibility in reviewing non-PECO-standard leases drafted on national or regional tenants’ lease templates, making sure that all critical information in MRI is accurate to comply with internal controls
  
  
  • 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 interpretation of lease language
  
  
  • Set up, maintain new entities, buildings, projects, etc to comply with PECO’s corporate structure
  
  
  • 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
  
  
  
  


• 
  Reporting –
  
  
  
  • Periodic compilation and reporting of tenant-related information for purposes of reporting to internal management as well as period filings with the SEC including, but not limited to the following:
    
    
    
    • Roll forward Portfolio of Properties report monthly based on >5,000 lines of tenant detail report; reconcile changes of occupancy in both square feet and annual rent; extract detail information by tenant and unit, compiling/summarizing absorption/fallout information into archived occupancy running table for accounting and finance teams
    
    
    • Compile various lease statistical data each quarter for the Financial Reporting Department; prepare and maintain “Tenant Table” workbook to accommodate ongoing needs requested by the Reporting and Investor Relations departments
    
    
    • Analyze and provide tenant retention rates for internal and external reporting teams
    
    
    • Other ad-hoc data as required by various internal and external parties
    
    
    
    
  
  
  
  

• 
  Lease Accounting Technical –
  
  
  • Maintain lease classification testing procedures related to implementation of ASC 842.
  
  
  • Perform ongoing reviewing of selected leases for proper classification and record the review results in the system
  
  
  • Review assessment work related to classification work performed by other team members
  
  
  
  


• 
  Special projects –
  
  
  
  • Perform ad hoc projects as needed by management team
  
  
  • Provide quick research and analysis to assist leaders in decision making
  
  
  • Work closely with IT department in report development or enhancement, testing and providing essential and constructive research feedback/suggestions in order to deploy upgraded reports in a timely manner
  
  
  
  

What we're looking for:

• Minimum of a bachelor’s degree (accounting preferred)


• Minimum of 2 years experience 


• Familiarity with retail lease language strongly preferred


• Understanding of interaction between the tenant subledger and the general ledger


• 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

Why PECO?

• We are characterized by our #PeopleofPECO. They are dynamic, innovative and entrepreneurial. They are driven to succeed and make a lasting impact on our growing organization. Having highly trained, energized and skilled professionals throughout every level of our organization is a great source of pride and key element of success for Phillips Edison & Company.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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