Lease Revenue Analyst

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Great people make great properties. As a shopping center developer of some of the nation's best real estate in top markets, Macerich offers opportunities to work, grow and develop your unique talents. Apply now to help us shape the future of retail real estate while building a meaningful, rewarding, and balanced career. The Position on our Team:

The Lease Revenue Analyst manages and oversees the revenue stream for a portfolio of properties via the monthly rent roll cycle and various other processes using very high-tech system applications. The Analyst is responsible for complete, accurate and timely billing of rents, additional charges and other revenue in accordance with the terms of the lease agreements.

Due to the complexity of the leases, amendments and other documents - in addition to the intricate and sophisticated nature of the system applications - the Lease Revenue Analyst must analyze and interpret the lease language to determine the appropriate administration of agreements for accuracy in billing and financial reporting. The Lease Revenue Analyst must possess a good understanding of how the system applications operate, know its limitations and be able to identify system-related issues or bugs.

This is a full-time, hybrid position with two scheduled days in the office and three days remote.

In This Role, You Will:

• Manage, maintain, and ensure completeness of entire rent roll. Examples are as follows:
  • Calculate all changes in base rent, fixed CAM, promotional dues, Business Development, ground leases, and all other monthly recurring revenue that is primarily based on financial terms per lease agreements or other contracts.
  • Ensure timely billing and rent roll changes for specialty tenants.
  • Make all necessary rent roll and billing adjustments due to lease extensions, abated rent lease terminations, tenants holding over, bankruptcy settlements, and other lease amendments or other agreements.
  • Coordinate rent roll impounds for all reimbursement of recoverable expenses with Recoveries Accountant.
  • Administer billing/tenant notification of any monthly rent roll changes.
  • Review Leasing Services input of financial data into system.
• Maintains all tenant lease related tenancies and activities associated with accounts, units, and lease records in the system.
• Analyze and interpret leases, amendments, and other documents to discern appropriate entry and set up of each agreement.
• Calculate and oversee annual/periodic tenant billings such as percentage rent and other miscellaneous charges.
• Ensure overall tenant/customer compliance with all financial terms per lease agreements or other contracts.
• Processes miscellaneous one-time charges and reimbursements.
• Administers tenant address changes by verifying request and updating customer accounts.
• Reviews co-tenancy requests and determines if Landlord is in compliance or non-compliance of co-tenancy terms. Administers billing changes when necessary.
• Calculate revenue accruals and reconcile related accounts (excluding reimbursement of recoverable expenses handled by recoveries and property accountants) as applicable.
• Respond to questions regarding revenue portion of budgets and projections.
• Act as liaison for Accounts Receivable Associates with difficult billing and accounts receivable issues.
• Assist Property and Leasing Managers with all revenue related questions and issues.
• All other duties as assigned.

What You Bring to Macerich:

Required:

• High school diploma or equivalent.
• Ability to comprehend, interpret and apply complex lease provisions.
• Basic understanding of accounting principles and accrual accounting.
• Intermediate knowledge of Microsoft Office including Word, Excel, Power Point and Outlook
• All applicants must be able to perform the essential functions of the position, including corresponding core job requirements, with or without a reasonable accommodation. Reasonable accommodations may be made to enable individuals with disabilities (and others in accordance with applicable law) to perform the essential functions of the job, consistent with applicable laws and Company policy.

Nice to Have:

• Accounting or financial experience in real estate preferred but not required.

Why You'll Love Working with Us:

We know our people make us who we are, and we take pride in recruiting and retaining the best and brightest employees from all backgrounds. We recognize the value of strengthening our workforce with diverse thoughts, voices, ideas and people. This makes our company a rewarding and energizing environment to work in.

As an employee with Macerich, you will also benefit from the following:

• Best-in-class benefits with affordable employee contribution levels.
• Hybrid work schedule with the ability to work remotely three days per week.

• Annual paid time off, including vacation time, 12 paid holidays and 80 hours of sick time annually.
• Savings accounts for your future through 401K and Health Savings Accounts.
• Participation in the Company stock program at a discount.
• 24 paid volunteer hours annually and employer charitable match benefit.
• A sense of belonging fostered by wellness, satisfaction, diversity and inclusion.

Why Macerich

We create places where people come together. Macerich is reinventing the retail experience bringing together the best of shopping, dining, office, multifamily and experiences to meet the needs of the communities we serve. With 44 properties in some of the most vibrant, bustling cities across the country from New York to California, Macerich is setting the bar for transforming retail real estate into our vision for Regional Town Centers for everyone.

Our Culture of Belonging

At Macerich, we prioritize diversity, inclusivity, and equity, benefiting our employees, workplaces, and communities. We actively seek talented individuals from diverse backgrounds, recognizing the strength it brings. Our goal is to create a thriving, respectful environment that celebrates uniqueness and fosters learning. We are proud of our practices promoting equal employment and advancement opportunities. Macerich welcomes all qualified applicants, regardless of protected characteristics. For further details, refer to our Anti-Harassment, Discrimination, and Retaliation Policy. We provide reasonable accommodations for individuals with disabilities. Contact our People team for assistance.

We strive to be leaders in our industry by operating properties that prioritize responsible stewardship of our resources for the benefit of our tenants, guests, investors, employees, communities, industry partners and the planet. We are also committed to creating a diverse, inclusive, and equitable workplace where all employees can thrive. By prioritizing and investing in our employees, we create value for our workplaces and Regional Town Centers, as well as the communities we serve.

Education

• High School or better