Senior Staff Accountant, Rent Accounting

Purpose: The Senior Staff Accountant, Rent Accounting manages the complete landlord lease and sublease accounting cycle, providing customer support to landlords and subtenants while maintaining compliance with contractual rent terms. This role maintains accurate and timely financial reporting, identifies and mitigates balance sheet risk, and collaborates with Operations Controllers, Business Development, and Legal to ensure integrity of accounting data.   

Essential Functions:

• Manages all aspects of rent and subtenant accounting within Corporate Accounting, including lease setup, amendments, payments processing, and month-end close activities across multiple locations
• Executes lease reporting activities by extracting, analyzing, and interpreting dtaa from multiple systems to support financial reporting requirements and operational decision making
• Creates, amends, and maintains lease agreements in accounting system while validating the accuracy and integrity of sales mapping tables to ensure proper revenue allocation across business units
• Serves as primary point of contact for landlords, sublandlords, Business Development, Development Finance, Operations, and other stakeholders regarding rent inquiries, billing discrepancies, lease terms, and payment issues
• Performs account reconciliations and variance analysis for rent expense accounts, investigates discrepancies, and implements corrective actions to maintain accurate general ledger balances
• Collaborates with Business Development and Legal to review lease agreements, identify accounting implications, and ensure proper implementation of new contractual terms including percentage rent, CAM charges, and escalation clauses
• Supports internal and external audit activities by preparing documentation, responding to requests, and explaining rent accounting policies and procedures
• Identifies process improvement opportunities within rent accounting operations and recommends solutions to enhance efficiency, accuracy, and controls

Reporting Relationship:The Senior Staff Accountant, Rent Accounting reports into the Senior Manager of Accounting

Minimum Qualifications, Knowledge, Skills, and Work Environment:

• Education and Experience: The combination of education and professional experience must exceed 5 years:
  • In a technical role: Requires 5 years of accounting experience engaged in delivering rent accounting programs
    • A bachelor’s degree in a program related to the functional area can count for 2 of the 5-year requirement
  • In the industry: 3-5 years of hospitality, F&B and/or retail experience
• Specialized Training:
  • Training that leads to understanding of GAAP and rent accounting principles
• Specialized Skillset/Competencies/Traits:
  • Familiarity with ERP Systems
  • Advanced Microsoft Excel skills including pivot tables, VLOOKUP, and data analysis tools
  • Strong analytical and problem-solving skills with keen attention to detail
  • Proactive approach to identifying issues and implementing solutions
  • Business acumen and also has the mindset required to understand the long-term implications of accounting decisions to advance the organization’s goals
  • Demonstrated history of understanding the needs of the business, stakeholders, the employee population, and individual circumstances
  • Demonstrated history of creating and maintaining positive work environments
• Location: This position is based at the North America Support Center in Bethesda, MD