RRG is seeking responsible and motivated individuals to play an intricate role in a growing international, real estate consulting firm servicing Fortune 1000 and Global 1000 organizations.
RRG provides a dynamic work environment for talented, team-oriented individuals looking to be challenged professionally. RRG offers each team member tremendous flexibility to create and integrate systems that add value to our client partners, and our organization.
RRG offers challenging career opportunities for experienced lease auditors.
Requirements:
Candidates must have excellent interpersonal, analytical, time management, communication, writing and computer skills.
Candidates must have the ability to organize and prioritize workloads, work independently, and meet strict reporting deadlines.
Candidates must be intuitive with strong problem solving, analytical, financial and audit skills.
Candidates must have a comprehensive understanding of commercial real estate, lease contracts, property accounting and finance, building operations, industry conditions and property management practices.
Candidates must have experience in interpreting leases, financial problem solving, expense benchmarking, cost modeling, analytical thinking and development of audit reports.
Candidates must have exceptionally strong analytical and problem solving abilities and possess experience in successfully detailing the intricate financial aspects of building operations.
Candidates must have the ability to examine complex leases, analyze expense categories for reasonableness and accuracy, validate annual escalation statements, prepare variance reports and create and maintain audit work papers, supporting schedules and cost models.
Minimum of 3 years of lease audit, finance, commercial real estate, property management and/or corporate services experience required.
CPA, MBA, or bachelor's degree in accounting, finance preferred.
All applicants must have previous experience working in a fast paced, professional environment.
Individuals must be technically advanced with an expert command of Microsoft Wordฎ, Microsoft Outlookฎ, Microsoft Excelฎ, Microsoft Power Pointฎ, Adobe Acrobatฎ and have a detailed working knowledge of databases.
Responsibilities:
Generally, audit responsibilities will include, but not be limited to the following:
Lease review and interpretation
Obligation determination
Expense modeling and cost trending
Benchmark studies
Market comparisons
Data validation and support studies
Building and project accounting assessments
Quality assurance reviews
Control function performance
Financial analysis
Audit fieldwork
Cost compliance assurance
Report preparation and presentation
Collection strategy development
Settlement negotiations
Recovery collections
Audit project management
Portfolio monitoring
Specifically, audit responsibilities will include, but not be limited to the review and performance of the following:
Leases
Financial records
Invoice statements
Reconciliation statements
Operating expense statements
Tenant payment histories
Landlord payment histories
Base rental streams
Rental adjustments
General ledgers
Management fee calculation methodology
Cap calculation methodology
Gross-up calculation methodology
Real estate taxes
Standard utilities
After hour/overtime HVAC
Parking
Repair and maintenance expenses
Insurance
Vendor invoices
Service contracts
Interviews with building personnel
Interviews with applicable vendors
Consultation with taxing authorities
Consultation with utility suppliers
RRGs main goal, regardless of landlord and/or property manager type, is to audit and analyze all charges incurred to ensure compliance with all pertinent lease provisions, Generally Accepted Accounting Principles (GAAP), real estate benchmarks, marketplace standards, legal precedent and the intent of the parties.
Description:
About RRG
RRG is an independent international consulting firm specializing in the development and implementation of enterprise-wide cost control strategies. RRGs sustainable solutions are focused on driving cost efficiencies through the real estate and finance systems of both private and public sector institutions. Regardless of industry, RRGs innovative strategies heighten operational control, increase expense transparency, ensure cost compliance and extend cost accountability across dynamic and geographically diverse real estate portfolios.
With regional offices throughout the US and select sites overseas, RRG has provided its specialized services in over 4,000 unique cities worldwide. RRGs industry leading cost containment solutions assist organizations searching for creative ways to address economic exposure, positively affect expense structures and effectively manage the annual costs attributable to their real estate portfolios.
For further information, please visit our website www.rrg.com.
- Location: Washington DC
- Compensation: Competitive
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