Under limited direction, conducts reconciliations for corporate clients, including more complex clients to ensure operating expenses are in compliance with lease terms. Collaborates with lease administration managers to identify, negotiate, and recoup potential savings for client.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Reviews, compares, and analyzes operating expense and tax reconciliation statements received from landlords to ensure expenses charged to client are in compliance with lease clauses. Requests additional information, assesses materiality and recommends action for additional audit and recovery.
Coordinates and performs full scope audits for lease administration clients; obtains client approval for audits, selects audit team, and coordinates the audit schedule and process.
Prepares reports of audit findings and assists with negotiating audit findings with clients and their landlords to ensure accurate credits and appropriate charges are made.
Acts as team lead, overseeing the preparation of CAM reconciliations for accuracy and adherence to business control standards and guidelines (performing the quality control).
Understands and ensures that audit contracts between CBRE and clients properly identify fees including sharing of audit savings, travel reimbursements, etc. Ensures that the lease administration team operates under those contract requirements to maximize revenue for CBRE.
Tracks audit savings by client and verifies that all savings have been accurately recorded.
Prepares and updates training procedures for desktop operating expense reconciliation and tenant recovery preparation.
Assists manager in analysis of Client portfolios relating to operating expenses and design audit plans for clients.
Performs other duties as assigned.
No formal supervisory responsibilities in this position. Will provide assistance such as technical guidance and/or training to coworkers. Will coordinate work and assign tasks.
With access to top-tier market intelligence, planning, local site selection and asset strategies, our Global Workplace Services offering includes Enterprise Facilities Management (EFM), Project Management (PJM), Advisory & Transaction Services (A&T), and Management Consulting. We offer end-to-end expertise across all workplace types, scalable delivery, a commitment to world-class safety and ongoing innovations in building efficiencies, energy conservation and CRE technology.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
High school degree or general education degree required plus a minimum of five years related work experience, preferably including property management or real estate accounting. Bachelor's degree from a four-year college or university with Accounting, Finance or Real Estate preferred.
CERTIFICATES and/or LICENSES
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
Requires in-depth knowledge of financial terms and principles. Ability to calculate complex figures and conduct financial/business analysis including the preparation of reports.
Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires advanced analytical and quantitative skills.
OTHER SKILLS and ABILITIES
Advanced knowledge of computer software and hardware (i.e. Microsoft Office Suite Products), database applications and spreadsheet design. Ability to work well under pressure. Advanced organizational skills.
SCOPE OF RESPONSIBILITY
Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Errors in judgment may cause short-term impact to co-workers and supervisor and clients.
Internal Number: 18021831
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.