This role is responsible for varying components of the tenant CAM recovery process including lease review and abstracting of recovery terms, quarterly reconciliation and true-up calculation support, lease management, annual CAM reconciliation support, and to be a resource for both the accounting and property management teams on a large centrally managed client.
The CAM Analyst Position within Asset Services will primarily be responsible for the following job duties:
- Analyzing and interpreting tenant leases with a specific focus on tenant recovery terms (CAM)
- Abstracting lease recovery terms into templates and/or accounting/software
- Maintaining expense pools for tenant recovery calculations within software
- Supporting accounting team through the calculation of quarterly recovery calculation and true-up entries recorded (including troubleshooting and research as needed)
- Key player in project team for large client portfolio onboarding (Recovery terms specific focus)
- Maintaining tenant terms in accounting software for ongoing lease administration (renewals, expansions, new tenants, etc.)
- Support for annual Recovery Reconciliations as run through accounting software system calculation
- Primarily assigned to large client owned platforms and software databases
Knowledge and experience needed for role:
- Industry level experience (preferably 5+ years) with a specific focus on CAM reconciliation and lease abstracting
- Experience in Yardi and MRI software platforms – lease administration
- Experience with the full functionality of Recovery/Cam Reconciliations utilizing Excel templates and/or accounting software platforms
- Accounting experience – understanding property operations (flow of expenses and revenue derived from tenants)
- Strong analytical skills and problem solving
- Direct experience with Recovery (CAM) Reconciliations and Lease Administration preferred
- Education – Bachelors Degree or 1-3 years’ industry specific experience
