Lease - CAM Reconciliation at MRI Software

Chennai, Tamil Nadu, India

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Real EstateIndustries

Requirements

Bachelor’s degree preferred
3+ years of progressive experience in Reconciliation & YEB and Estimate calculation
Technical Skills – Proficient in MS-Excel
Experience with property management software is a plus
Excellent written and verbal communication skills, with the ability to explain complex financial information clearly
Highly organized with the ability to manage multiple priorities and meet tight deadlines in a fast-paced environment
Strong analytical skills
Meticulous attention to detail
Deep understanding of lease agreements and real estate accounting principles
Team-building skills, with a proven ability to motivate, develop, and manage a team
Good Communication with interpersonal skills
Proactive and results-oriented mindset

Responsibilities

Lead the end-to-end Reconciliation process for assigned properties/portfolios
Thoroughly review Agreements & LA, to understand Additional-Rent clauses, exclusions, CAPs, Gross-up, AF & MF, provisions, and Pro-rata share calculations for each tenant
Gather and analyze actual operating expenses from the General Ledger, Verifying Invoices, Receipts, and other financial records related to Additional Rent
Prepare detailed Reconciliation, comparing estimated tenant payments against actual expenses
Calculate and process true-up adjustments
Ensure all Recon calculations comply with Lease terms, Accounting Standards
Perform Deep Data Validation & Analysis
Collaborate with Lease Admin and Property Management teams to ensure accurate Results
Identify opportunities to streamline and improve Year-end billing and Reconciliation processes for greater efficiency and accuracy
Assist in developing and updating standard operating procedures (SOPs) related to billing and reconciliation
Support audit and review requests from tenants or third-party auditors
Maintain detailed workpapers, documentation, and audit trails
Review and provide feedback on complex Reconciliations/YEB/Estimate calculations end to end
Perform in-depth quality control checks on calculations, data integrity, and supporting documentation
Act as a key liaison and subject matter expert for internal and external Teams
Provide insights and recommendations based on reconciliation outcomes to inform budgeting and forecasting processes
Support day-to-day NNN-Reconciliation/YEB/Estimate Calculations and ensure accurate and timely completion of CAM, INS, TAX, Other Reconciliations and associated tenant billings both manually and ERP

Skills

MS Excel

CAM Reconciliation

YEB Calculations

Estimate Calculations

Lease Agreements

Real Estate Accounting

General Ledger

Data Validation

Pro-rata Share

Gross-up Calculations

Property Management Software

MRI Software

Real estate software for property management

About MRI Software

MRI Software provides software solutions designed for the real estate industry, focusing on property management, lease management, and digital services. Their products help real estate owners, operators, and occupiers manage various aspects of their operations, including tenant communications and financial reporting. The software integrates easily with existing systems, making it user-friendly for clients. Unlike many competitors, MRI Software operates on a subscription-based model, which allows for a consistent revenue stream and ongoing improvements to their offerings. The company also has a partner ecosystem that enables clients to customize their software experience, adding further value. The main goal of MRI Software is to enhance operational efficiency and streamline property management for their clients in the global real estate market.

Solon, IowaHeadquarters

1971Year Founded

$3.4MTotal Funding

DEBTCompany Stage

Enterprise Software, Real EstateIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Private Medical Insurance

Income Protection Plans

Personal Pension plan

Parental Leave

Paid Vacation

401(k) Company Match

Tuition Reimbursement

Flexi Any-Day

Paid Holidays

Pet Insurance

Unlimited Paid Time Off

Hybrid Work Options

Mental Health Support

Wellness Program

Risks

Technical challenges in integrating Mesh's platform may lead to client dissatisfaction.

iInterchange acquisition could divert focus from core real estate software offerings.

Capita One acquisition may strain MRI's financial resources, affecting strategic investments.

Differentiation

MRI Software offers a comprehensive and flexible technology platform for real estate.

The company has a strong partner ecosystem enhancing client customization and optimization.

MRI Software's subscription model ensures steady revenue and continuous innovation.

Upsides

Increased demand for AI-driven property management boosts MRI's market potential.

Strategic acquisitions like iInterchange expand MRI's service offerings globally.

Partnerships, such as with Mesh, enhance MRI's property management platform capabilities.

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