Tenant Recoveries Accountant
Macerich
Manages tenant recoverable expense billing and reconciliation for retail properties.
8 days ago ago
Intermediate (4-7 years), Junior (1-3 years), Experienced (8-12 years)
Full Time
Phoenix, AZ
Office Full-Time
Company Size
1,200 Employees
Service Specialisms
Property Development
Real Estate Investment
Retail Management
Leasing
Design
Sector Specialisms
Retail
Residential
Self-storage
Medical
Office
Entertainment
Grocery
Role
What you would be doing
billing calculations
recovery budgeting
accrual calculation
lease data management
compliance monitoring
reporting support
- Calculate and oversee annual/periodic tenant billings (adjustment billings) for reimbursement of recoverable expenses in accordance with lease agreements or other contracts.
- Prepare annual recoveries budgets and quarterly recoveries projections.
- Calculate the monthly recovery accruals for Property Accountant.
- Act as liaison for Accounts Receivable Associates with difficult billing and accounts receivable issues regarding reimbursement of recoverable expenses.
- Provide support and ad hoc reports to other disciplines such as Leasing, Legal, Operations, and Development Accountants on various matters. (e.g. lease interpretation, review proposed CAM lease language, training, guidance on business decisions involving CAM, CAM depreciation)
- Ensure overall tenant/customer compliance with reimbursement of recoverable expense per applicable terms in lease agreements or other contracts.
- Assist Property Managers with all questions and issues related to reimbursement of recoverable expenses.
- Determine annual rent roll impounds for reimbursement of recoverable expenses and make adjustments during the year as necessary.
- Handle all tenant inquiries, disputes of billings for reimbursement of recoverable expenses.
- Manage the input of lease or other contractual terms affecting the calculation and compliance with the reimbursement of recoverable expenses.
What you bring
2 years
accounting
real estate
bachelor's
accrual
lease
- Minimum 2 years experience in accounting position.
- Accounting or financial experience in real estate preferred.
- Bachelor’s degree with a preference for Accounting or Business degree.
- Basic understanding of accounting principles and accrual accounting.
- Ability to comprehend, interpret and apply complex financial lease provisions.
- Employee Assistance Program
- Best-in-class benefits with affordable employee contribution levels
- Ability to purchase company stock at a 15% discount
- Career-development resources
- 401(k) match with immediate vesting
- 24 paid volunteer hours and employer charitable match
- Paid time off, including vacation time, 12 paid holidays and 80 hours of sick time annually
- Comprehensive wellness program including Calm Health and ClassPass memberships
Information not given or found
Interview process
Information not given or found
Visa SponsorshipInformation not given or found
Security clearanceInformation not given or found
Company
Overview
- specializing in the ownership, management, and development of high-quality retail centers
- diverse portfolio of premier shopping destinations strategically located in major metropolitan areas across the United States
- creating vibrant shopping experiences, combining well-known retailers with unique entertainment, dining, and lifestyle options
- expertise in property development and redevelopment, transforming sites into thriving community hubs
- commitment to creating innovative, sustainable spaces, often partnering with national and international brands
- standout projects include mixed-use developments integrating retail with residential and office spaces
- continues to enhance portfolio through strategic acquisitions and partnerships, ensuring sustained growth and relevance in the evolving retail landscape
- Excellence: people strive for excellence by taking initiative, solving problems, and driving continuous innovation with perseverance.
- Relationships: relationships are nurtured internally and externally through respect, collaboration, and open communication.
- Optimism: a positive outlook is embraced while embarking on new strategies and overcoming challenges, fostering resilience.
- Integrity: people are expected to follow through on commitments, demonstrating humility, honesty, and transparency.
- Empowerment: individuals are encouraged to take ownership, make decisions, hold themselves accountable, and challenge the status quo.
- Fun: joy and camaraderie are valued within the employee community, with celebrations of successes and the creation of lasting memories.
2030 Carbon Neutrality
Company Sustainability Goal
Commitment to achieving carbon neutrality for operations and supply chain by 2030.
60% Clean Energy
Energy Procurement Target
Target to generate or procure 60% of energy from clean and renewable sources by 2030.
10% Electricity Reduction
Energy Efficiency Achievement
10% reduction in electricity consumption since 2021, showcasing improved energy efficiency.
54M Gallon Water Reduction
Water Conservation Milestone
Reduction of 54 million gallons of water use since 2021, highlighting water conservation efforts.
- Ranked #1 in U.S. Retail for GRESB disclosure (2023) – ninth straight year (now tenth in 2024).
- Ranked #23 on EPA Green Power Partnership On‑Site Generation list.
- LEED‑Gold and Silver certifications at multiple centers; multiple BREEAM and IREM certifications.
- Science‑based carbon reduction: 12% year‑over‑year market‑based emissions drop (2022); 9% location‑based GHG reduction since 2019.
- Reported creating 'diverse, inclusive and equitable workplaces' but no specific numeric gender statistics publicly disclosed.
- LinkedIn and careers page emphasize diversity of thoughts, voices, ideas and people; no data‑driven outcomes available.
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