Senior Accountant - Common Area Maintenance (CAM) ($97,600.00 - $115,700.00)
Irvine, CA, 92660
Position Summary:
The Senior Accountant will be a key contributor to the Common Area Maintenance (CAM) processes across a diverse portfolio of commercial and retail properties. This role requires a strong blend of accounting and analytical expertise to ensure the accurate calculation, allocation, and billing of CAM charges, taxes, and insurance in accordance with lease agreements. The Senior Accountant will be instrumental in maximizing expense recoveries and optimizing revenue through analysis and strategic collaboration.
Job Duties:
• Assist in the preparation of annual CAM estimates, mini reconciliations, and year-end reconciliations for Office and Retail tenants.
• Support the preparation of quarterly forecasts and annual budgets for Retail and Office tenants.
• Collaborate with the CAM Accounting Manager and Operations team to review forecast results and identify opportunities for expense reduction.
• Review lease language to accurately model CAM recovery setups within MRI accounting software.
• Perform detailed CAM-related reporting and analysis, including projected billing rates, recovery ratios, and CAM expense analysis.
• Conduct in-depth reviews of CAM calculations and reconciliations for both Office and Retail portfolios to ensure accuracy, compliance with lease terms, and identification of potential cost savings or recovery opportunities.
• Ensure the integrity and compliance of accounting and capital expenditure entries, and provide strategic financial guidance to operational teams to support budget goals, revenue optimization, and effective collections.
• Assist in the calculation and processing of tax refunds to tenants.
• Prepare quarterly Retail Common Area Expense and Tax billings.
• Support the auditing of Office tenants' pro-rata shares.
• Work to minimize outstanding CAM-related collection issues and assist in resolving tenant disputes.
• Respond to tenant inquiries and audits by providing detailed explanations and resolving discrepancies.
• Assist in calculating CAM rates for prospective Retail tenants.
• Collaborate with Legal, Leasing, and Operations teams on audit disputes regarding lease language interpretation.
Minimum Qualifications / Other Expectations:
• Bachelor's degree in Accounting or Finance.
• Proven experience (3-5+ years) in accounting, with a focus on property management or lease administration preferred.
• Strong understanding of lease agreements, lease accounting principles, and relevant legal terminology.
• Proficiency in MRI Accounting software.
• Intermediate to Advanced proficiency in Microsoft Excel, including complex formulas (IF, INDEX/MATCH, etc.), Power Query, and basic macro knowledge.
• Preferred knowledge of SQL for data querying and analysis.
• Excellent analytical, problem-solving, and organizational skills.
• Strong written and verbal communication skills, with the ability to explain complex financial information clearly and document processes effectively.
• Ability to work collaboratively in a team environment and manage multiple priorities effectively.
Compensation:
Base Pay Range: $97,600.00 - $115,700.00
Actual placement within this range may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.
The Company also offers competitive benefits for full time employees including paid time off, matching 401(k), and health benefits.
About Us:
Irvine Company is a privately held real estate investment company and master-planner committed to creating and sustaining communities that thrive for generations.
Irvine Company is respected for its master planning and environmental stewardship of the Irvine Ranch in Orange County, including diversified operations throughout coastal California. Irvine Company brings to life neighborhoods and sustainable communities with a full range of housing, jobs, retail centers, schools, parks and open space.
We take as much pride in our employee community as we do the communities we create. It’s an environment populated with talented and experienced people, a collaborative spirit and abundant opportunities.
Apply today to join our employee community, and learn more about Irvine Company, our legacy and our guiding principles.
Irvine Company is committed to providing equal opportunity in all of our employment practices, including selection, hiring, promotion, transfer, compensation, termination, and training, without regard to race, religion, color, sex, sexual orientation, gender, gender identity, national origin, ancestry, citizenship status, marital status, pregnancy, age, medical condition, genetic information, military and veteran status, disability, or any other basis protected by federal, state, and local law. Reasonable accommodation is available for qualified individuals with disabilities, upon request.
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Nearest Major Market: Orange County
Nearest Secondary Market: Los Angeles
Job Segment:
Real Estate, Sales