Senior Property Revenue Analyst

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Senior Property Revenue Analyst

Location:

Must be able to go into Chicago office 2x a month minimum

As a Senior Property Revenue Analyst reporting to the FP&A Lead, you will be the primary owner of all revenue streams and billing processes across a retail property portfolio. You will ensure accurate and timely revenue recognition, billing, and reporting while providing critical analytical support to drive revenue optimization and financial performance. Responsible for managing complex recovery calculations, percentage rent billing, and revenue forecasting, you will deliver actionable insights that support strategic decision-making and maximize asset value.

Your expertise in lease analysis, revenue modeling, and variance reporting will be essential to maintaining financial accuracy and identifying opportunities for revenue enhancement in the dynamic retail real estate environment.

What You Will Deliver Revenue Billing & Management:

Manage all aspects of revenue billing for retail properties including operating cost recoveries (CAM, tax, insurance), percentage rent calculations, and manual billing processes

Ensure accurate and timely monthly billing cycles for all tenants across a retail portfolio

Analyze retail lease agreements to extract critical financial terms, billing requirements, and revenue recognition parameters

Review lease abstract database ensuring accuracy of key dates, rent steps, recovery provisions, percentage rent thresholds, and co-tenancy clauses

Support lease compliance and audit processes

Coordinate with property management and lease profile administration team to resolve billing discrepancies and tenant inquiries

Monitor and analyze percentage rent performance, sales thresholds, and tenant sales reporting

Support Property teams, FP&A team and Client with revenue related inquiries

Revenue Recognition & Accruals:

Prepare monthly and quarterly revenue accruals in accordance with accounting standards and lease agreements

Ensure proper revenue recognition, timing and compliance

Support month-end and quarter-end close processes with accurate revenue reporting

Review the revenue components of the income statement, ensuring accuracy of the monthly financial statements

Analysis & Reporting:

Conduct detailed variance analysis of revenue components (base rent, recoveries, percentage rent, parking, other income) comparing actual results to budget, forecast, and prior periods; providing business insights aligning with Operational KPIsAnalyze lease terms and conditions to identify revenue opportunities, billing requirements, and potential risks specific to retail tenancies

Prepare comprehensive revenue reports and dashboards for the FP&A Lead, senior management, asset managers, and clients

Analyze tenant sales performance and its impact on percentage rent revenue

Forecasting & Budgeting:

Participate in revenue forecasting processes including quarterly reforecasts and annual budget preparation for retail properties

Build sophisticated revenue models incorporating lease schedules, occupancy assumptions, recovery projections, percentage rent scenarios, and market conditions

Develop scenario and sensitivity analysis to evaluate the financial impact…