Lease Accounting Associate at Dollar Tree

Chesapeake, Virginia, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Retail, Real EstateIndustries

Requirements

2 years minimum experience in commercial real estate or commercial property management
Understanding of basic accounting; mathematical aptitude
Excellent analytical, problem solving, and communication skills
Proven experience building and maintaining relationships
Strong attention to detail and advanced organizational skills
Ability to successfully manage multiple priorities
Strong time management skills with the ability to respond to changing deadlines with a sense of urgency
Ability to work with little supervision
Strong PC skills and knowledge of Microsoft Outlook, Word, and Excel required
Independent worker who takes initiative and provides accurate, detail-oriented work
Experience in Real Estate or Lease/Contract Management desired, but not a requirement

Responsibilities

Manage the financial aspects of a portfolio of approximately 650+ store leases
Oversee, review, process, and approve lease-related financial transactions such as Rent, Real Estate Taxes, Common Area Maintenance Charges, Insurance Premiums, and other property-related operating expenses
Develop and maintain a professional relationship with Landlords
Analyze commercial retail leases and payment information to determine compliance, identify potential overpayments, and collect amounts due to the company as an outcome of completed audit results
Review payment schedules in excess of $6.5 million per month for assigned portfolio of stores
Review and prepare invoices for recurring rent payments including operating charges/reconciliations, rent/CPI increases, and any other changes to rent amounts due to expansions, reductions and terminations
Review and interpret legal documents for assigned portfolio of stores to determine accuracy of operating expenses
Perform desktop audits of landlord year end reconciliations to validate accuracy in rental and ancillary charges, along with any cap requirements and first year variances as per lease requirements
Perform analysis of landlord statements and dispute incorrect charges or unauthorized increases to operating expenses
Review, research, and resolve past due account balance reconciliations/default notices
Perform historical audits
Maintain database of assigned portfolio of stores to effectively monitor workflow and track individual savings
Resolve landlord disputes and critical issues as they develop through effective collaboration with Landlords, the Manager of Lease Accounting, and the Legal Department/Legal Counsel
Assist with various projects as they arise
Handle other duties as assigned

Skills

Key technologies and capabilities for this role

Lease AccountingFinancial AnalysisLease ReviewAuditInvoice ProcessingReconciliationLegal Document InterpretationOperating Expense ReviewDispute ResolutionDatabase Management

Questions & Answers

Common questions about this position

What experience is required for the Lease Accounting Associate position?

Minimum 2 years experience in commercial real estate or commercial property management is required, along with understanding of basic accounting, mathematical aptitude, and experience in Real Estate or Lease/Contract Management is desired but not required.

What are the key skills needed for this role?

Excellent analytical, problem solving, and communication skills are required, plus strong attention to detail, advanced organizational skills, strong time management skills, and strong PC skills with knowledge of Microsoft Outlook, Word, and Excel.

Is this position remote or onsite?

This is an onsite position located at 510 Volvo Parkway, Chesapeake, Virginia 23320.

What is the salary or compensation for this role?

This information is not specified in the job description.

What makes a strong candidate for this Lease Accounting Associate role?

Strong candidates are independent workers who take initiative, provide accurate detail-oriented work, can work with little supervision in a fast-paced environment, and have the ability to manage multiple priorities with a sense of urgency.

Dollar Tree

Value retailer offering low-cost everyday items

About Dollar Tree

Dollar Tree operates over 8,000 stores and 25 distribution centers, providing a variety of products such as party supplies, home décor, health and beauty items, seasonal goods, and food at low prices. The company sources its merchandise globally, allowing it to offer high-value items that appeal to customers looking for affordable everyday and holiday essentials. Unlike many retailers, Dollar Tree maintains a strict pricing model where most items are priced at one dollar, which helps attract a diverse customer base. The company's goal is to adapt to market changes while ensuring customer satisfaction through a dedicated workforce and creative strategies.

Chesapeake, VirginiaHeadquarters

1986Year Founded

IPOCompany Stage

Consumer GoodsIndustries

10,001+Employees

Risks

Increased competition from Dollarama could impact Dollar Tree's market share.

The multi-price strategy might alienate traditional Dollar Tree customers.

Economic pressures could reduce demand for non-essential product lines.

Differentiation

Dollar Tree offers a wide range of products at extreme value prices.

The company sources merchandise globally to provide high-value items at low costs.

Dollar Tree operates over 8,000 stores across the U.S. and Canada.

Upsides

Expansion of private label brands can increase profit margins and customer loyalty.

Enhancing e-commerce capabilities can capture a larger share of the online retail market.

Partnerships with local suppliers can reduce supply chain disruptions.

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