LHH has partnered with a firm in the greater Richmond VA market to assist in finding a Lease Accounting candidate!

As a Real Estate Lease Accountant, you will play a key role in managing financial operations related to property leases. Your responsibilities will include:

• Accounts Receivable Management: Monitor and reconcile tenant payments, ensuring timely collection and accurate reporting.

• Month-End Closing: Prepare and post journal entries, reconcile lease-related accounts, and support financial close processes.

• Account Reconciliation: Perform detailed reconciliations of lease accounts, including rent, CAM charges, and security deposits.

• Banking Relationships: Liaise with financial institutions to manage lease-related transactions and ensure compliance with banking protocols.

• Revenue Recognition: Apply appropriate accounting standards to recognize lease revenue accurately and consistently.

• Lease Documentation Review: Analyze lease agreements to ensure proper accounting treatment and compliance with company policies.

Job Qualifications

To be successful in this role, candidates must meet the following qualifications:

• Minimum 3 years of experience in lease accounting, preferably within the property management or construction industry.

• Bachelor’s degree in Accounting is required.

• Strong understanding of GAAP and lease accounting principles.

• Proficiency in accounting software and Microsoft Excel.

• Excellent analytical, organizational, and communication skills.

Equal Opportunity Employer/Veterans/Disabled

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The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:

• The California Fair Chance Act
• Los Angeles City Fair Chance Ordinance
• Los Angeles County Fair Chance Ordinance for Employers
• San Francisco Fair Chance Ordinance

Massachusetts Candidates Only: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.