Lease Administration Accounting Clerk

Mass General Brigham (Enterprise Services)
United States, Massachusetts, Somerville
399 Revolution Drive (Show on map)
Jan 01, 2025
General Overview Mass General Brigham currently occupies over 20 million square feet of space including nearly 200 owned buildings and approximately 400 leased sites. In conjunction with its affiliated hospitals, the Mass General Brigham Real Estate office is responsible for management of this portfolio including all types of real estate transactions, project management, engineering and utilities, lease administration, asset management and sustainability. Under the direction of the Senior Lease Administrator, the Lease Administration Accountant is a key player on the team providing accounting support to lease administration for the leased portfolio of properties, and for the management of the Owned portfolio including analytical support around ongoing strategic Enterprise initiatives. Responsibilities Investigate rent payment issues with landlords and business partners/internal clients, working with AP and company accountants to resolve accounting discrepancies Perform account reconciliations and journal entries as required or needed Process Landlord invoices for payment. Perform desktop audits of annual reconciliation statements from Landlords, tracking year over year Landlord expense for variance analysis. * Identify portfolio trends for opportunities for improved efficiencies and cost reduction. Work with budget managers across the Enterprise during annual budget preparation to report future lease expense. Prepare monthly Common Area Maintenance, Real Estate Tax, water/sewer/utility tenant invoices for receivable leases and/or coordinate with Non-Patient Billing for their invoicing of tenant pass-through expense. Track percentage rent, prepare invoices as necessary, and pursue collection of associated rent. Work in Lease Administration tool (Visual Lease) entering monthly Tenant receipts. * Establish and maintain all necessary records, files and reports as required for day-to-day lease accounting. * Process Third-Party property management invoices, tracking costs and maintaining files and records, ensuring accuracy in billing cost centers. Perform ad hoc projects and analyses of issues to support Lease Administration management of lease portfolio, all performed within time sensitive deadlines and with a high degree of attention to detail. Qualifications* Bachelor's degree required with an emphasis on accounting and finance, and an understanding of basic real estate and leasing terminology,including 2 - 3 years of ASC 842 experience (required),and property and portfolio analysis Strong understanding of US GAAP, with specific knowledge of lease and property accounting. Strong Microsoft Excel skills (Pivot Tables, VLOOKUP, SUMIF, etc.) and the ability to quickly manipulate and analyze large data sets and build reports. Will consider candidates with a financial background and knowledge of commercial real estate concepts Experience with one or more software solutions for leasing, asset, or portfolio management Skills/Abilities/Competencies Possess strong interpersonal skills to effectively communicate with cross functional teams including staff at all levels of the organization Ability to successfully negotiate and collaborate with others of different skill sets, backgrounds, and levels within and external to the organization Strong problem solving, customer service and negotiation skills Ability to take initiative, learn quickly, work independently and pursue initiatives to completion Excellent micro-computer skills with spreadsheets and word processing. Knowledge of PeopleSoft 9.1 and databases, a strong plus. Excellent organizational skills and the flexibility to handle multiple tasks and deadline pressures. Must have strong oral and written communication skills, and interpersonal tact for interacting with all levels of hospital & finance personnel. Must be customer service focused. Excellent organizational and analytical skills are required to effectively engage in systemic problem solving and innovative thinking in a timely, accurate, detail-oriented manner. Ability to work effectively in teams, and also ability to work autonomously in a deadline-driven environment. Ability to positively internalize constructive feedback for professional development. A tolerance for ambiguity, changing priorities and unexpected events. Must also be able to process routine transactions and identify process improvements. Ability to meet deadlines. Additional Job Description Mass General Brigham Incorporated is an Equal Opportunity Employer. By embracing diverse skills, perspectives and ideas, we choose to lead. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under law. We will ensure that all individuals with a disability are provided a reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.