Commercial Property Reconciliation Expert

16 hours ago


Lahore, Punjab, Pakistan Murkez Technologies Full time
Company Overview

Murkez Technologies is seeking an experienced Accounts Officer to join our team. As a key member of our finance department, you will play a critical role in managing the reconciliation of year-end accounts, rent, and escrow catchups.

Job Description

The successful candidate will have a strong background in financial analysis, excellent communication skills, and the ability to work effectively in a fast-paced environment.

Responsibilities:
  • Reconcile Year-End Accounts
  • Manage Rent and Escrow Catchups
  • Review Legal Documents
    • Lease Agreements
    • Amendments
    • Extensions
    • Renewals
    • Commencement Letters
  • Gather Expense Details
    • Insurance and Tax Documents
    • Tenant Ledger
    • Year-over-Year Expense Comparison
    • Backup for Increased Expenses
  • Analyze Gross Leasable Area (GLA) and Pro Rata Share (PRS)
    • Total Leasable Area of the Center
    • Exclude Anchor Tenant's Square Footage and Other Shops
    • Large Year-over-Year Variance in GLA
  • Verify Escrow Payment History
  • Apply CAP on Controllable Expenses
  • Review Common Area Expenses and Management Fee
  • Verify Backups and Prior Year Expenses
  • Review Monthly Statements for Variances
  • Average Daily Workload: 2-3 Reconciliations
  • US Commercial Real Estate Knowledge a Plus


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