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Our client is a rapidly growing, multi-location organization with 130+ active locations nationwide and plans to expand to 160+ locations within the next year. With this continued growth, they are seeking a Lease & Property Accountant to support their expanding real estate portfolio and ensure accurate accounting, reporting, and operational oversight. This is a high-impact role partnering closely with Accounting, Finance, Real Estate, and Operations teams in a fast-paced, growth-oriented environment. The Lease & Property Accountant will be responsible for the end-to-end accounting and financial oversight of the company’s lease portfolio and property-related activity, ensuring compliance with ASC 842 while also managing property-level financials. This individual will play a critical role in maintaining lease accuracy, monitoring occupancy costs, and supporting the financial infrastructure of a rapidly scaling footprint.
Job Responsibility:
Manage lease accounting under ASC 842, including initial recognition, remeasurements, modifications, and impairments
Prepare and record monthly lease journal entries (ROU assets, lease liabilities, amortization, interest expense)
Reconcile lease-related balance sheet accounts and ensure accuracy of financial reporting
Maintain and update lease accounting system (LeaseQuery, Visual Lease, CoStar, etc.)
Review lease agreements, amendments, renewals, and terminations for proper accounting treatment
Track and account for property-related expenses including rent, CAM (common area maintenance), property taxes, insurance, and utilities
Review and reconcile landlord invoices and CAM reconciliations, ensuring accuracy and identifying discrepancies
Accrue and analyze monthly occupancy costs across 130+ locations
Partner with AP to ensure timely and accurate rent payments and proper expense coding
Monitor lease escalations, percentage rent, and expense recoveries
Maintain a centralized database of all lease and property-related data across a multi-state footprint
Support new site openings, closures, and relocations from an accounting perspective
Partner with Real Estate and Legal teams to ensure completeness and accuracy of lease and property documentation
Support month-end and year-end close processes for lease and property accounting
Prepare property-level reporting and variance analysis (actual vs. budget/forecast)
Assist in preparing audit schedules and supporting documentation for external auditors
Support technical accounting memos related to lease and property accounting
Identify and implement process improvements as the company scales from 130 ? 160+ locations
Assist in building and strengthening internal controls around lease and property accounting
Support implementation or optimization of lease/property management systems
Partner with FP&A on occupancy cost forecasting, budgeting, and long-term planning
Work closely with Real Estate, Legal, and Operations teams on lease terms, renewals, and site performance
Provide insights into lease obligations, occupancy trends, and cost drivers to leadership
Requirements:
Bachelor’s degree in Accounting or Finance
3–6+ years of accounting experience (lease accounting, property accounting, or both)
Strong knowledge of ASC 842 lease accounting
Experience in multi-location environments (retail, healthcare, restaurant, or similar)
Advanced Excel skills
Nice to have:
Experience with lease/property accounting systems (LeaseQuery, Visual Lease, CoStar, Yardi, MRI, etc.)
CPA or CPA-track
Strong attention to detail with ability to manage high-volume data across locations
Ability to connect lease accounting with real-world property operations
Proactive and process-driven in a scaling environment
Strong communicator with cross-functional business partners