SR. LEASE ANALYST
Company: JOANN Stores
Location: Cleveland
Posted on: October 23, 2024
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Job Description:
SUMMARY
The Senior (Sr.) Analyst for Real Estate Accounting is primarily
responsible for reconciling and processing payments for additional
rent for our retail stores through reconciling accounts with
outstanding balances and ensuring amounts billed are owed in
accordance with the terms of the lease. This process includes
desktop audits of all Occupancy expenses charged by the Landlord to
ensure compliance with the lease by interpreting complex commercial
lease language, attending to details, and charging back to the
Landlords for expenses not owed. This requires communication with
Landlords, Property Accountants, and/or Property Managers to
resolve disputes (including Landlord defaults) and ensure
compliance with the language of the lease. In addition, there is
regular review, analysis, and reporting of occupancy expenses by
store portfolio. Responsibilities also include coordinating
information to the Legal, Real Estate Operations, and Lease
Administration departments.
This position is responsible for auditing, reviewing, and resolving
disputes as discussed above for approximately 425 stores, or - of
the Jo-Ann Store portfolio. Annual rents, CAM, Real Estate Taxes,
Insurance, and other lease obligations are approximately $250
million a year covering approximately 850 stores.
JOB DUTIES
Education Minimum: Bachelor's Degree in Finance, Accounting or
other business-related degree
Experience Minimum: 5+ years' experience in Accounting, Finance or
related area
Experience Preferred: 3-5 years' experience in retail lease audit
or commercial retail shopping center property management
KNOWLEDGE, SKILLS & ABILITIES
This position will be located at:
5555 Darrow Road Hudson, OH 44236
Eligibility for benefits and incentives is dependent upon
employment status. JOANN offers the following benefits and
incentives to eligible Team Members:
For more details on benefits and eligibility requirements, Click
Here or visit https://joann.myben.site/
JOANN is an Equal Employment Opportunity Employer. This job summary
is intended to be brief and does not list all duties for this
position. Nothing in this job description should be construed as an
express or implied contract of employment. JOANN is an at-will
employer, which means that your employment may be terminated by
JOANN or yourself with or without notice or cause unless the
at-will arrangement is modified by a written agreement signed by
both you and and authorized representative of JOANN.
Keywords: JOANN Stores, Parma , SR. LEASE ANALYST, Accounting, Auditing , Cleveland, Ohio
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here to apply!
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