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Commercial Lease Accountant

Job in Newark, Essex County, New Jersey, 07175, USA
Listing for: Wiss
Full Time position
Listed on 2026-08-22
Job specializations:
  • Accounting
    Financial Analyst, Financial Reporting
Salary/Wage Range or Industry Benchmark: 80000 - 90000 USD Yearly USD 80000.00 90000.00 YEAR
Job Description & How to Apply Below

A Wiss Client is seeking a Commercial Lease Accountant to join their team in Middlesex County, NJ. This role is responsible for lease accounting, tenant billing, and financial reporting, with a focus on newly developed and transitioning properties. The position works closely with development, asset management, and property management teams to ensure accurate lease setup, revenue recognition, and compliance throughout the lease lifecycle.

Responsibilities

Lease Accounting & Setup:
  • Review, interpret, and abstract commercial lease agreements
  • Set up new leases, amendments, expansions, and renewals
  • Ensure accurate treatment of rent structures and allowances
Development & Lease-Up Support:
  • Partner with development teams during lease-up phases
  • Track leases against pro forma assumptions
  • Assist in transition to stabilized operations
  • Perform CAM reconciliations and true-ups
  • Monitor receivables and resolve discrepancies
  • Maintain records in accordance with GAAP (ASC 842 preferred)
  • Prepare monthly reports and variance analysis
Reconciliations & Controls:
  • Reconcile rent rolls to general ledger
  • Maintain internal controls and documentation
Budgeting & Forecasting:
  • Assist with revenue forecasts and budgets
Cross-Functional Collaboration:
  • Work with development, asset, and property managers
Qualifications
  • Bachelor’s degree in Accounting, Finance, or related field
  • 3–6+ years in accounting, preferably real estate
  • Experience with lease accounting and CAM reconciliations
  • Knowledge of ASC 842
  • Experience with Yardi, MRI, SAP, or similar
  • Advanced Excel skills
Preferred

Skills:
  • CPA or progress toward certification
  • Experience with development projects and mixed-use assets
  • Familiarity with real estate pro formas
Compensation: $80,000-$90,000

Applicants must be authorized to work for any employer in the U.S. This policy applies equally to applicants regardless of national origin. We are an Equal Opportunity Employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other legally protected status.

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