Real Estate Analyst

Food City is a privately held, family-owned company with a driving mission to "run the best store in town." Dedicated to giving back to the communities we serve, we encourage our associates to get involved with their local civic organizations.

We consider our associates to be our greatest asset. Over 13% of the company is currently owned by our associates through our employee stock ownership plan, promoting tremendous pride in the services and products we provide.

Whether your passion is baking, accounting, or trucking, Food City has a promising career opportunity for you. We offer flexible schedules to ensure our associates have ample time to spend with family and friends. Many of our part-time associates are students still pursuing their education, who ultimately go on to work full-time for our company in various roles after graduation.

If you're looking for a great career or the opportunity to try something different, consider becoming part of the Food City family.

Job Title: Real Estate Analyst

                 Corporate Support Center - Abingdon, VA

Outline Of Job Duties:

• Acts as the primary administrator for the Real Estate Department for the real estate software system (AMT)
• Assists all AMT users on their initial system inquiries before engaging IT or AMT resources
• Provides primary support on the AMT modules utilized with subject matter expertise expected on the new Accounts Payable (A/P) and Accounts Receivable (A/R) modules
• Maintains updated and accurate information in the system to support the commercial real estate portfolio
• Acts as the primary resource for the Real Estate Department to respond to tenant/landlord questions
• Researches and resolves inquiries regarding monthly charges, outstanding amounts due, annual NNN reconciliations, and other requests for follow-up from the management team
• Acts as the primary contact for the Real Estate Department to facilitate the financial processes that support the effective and efficient management of the commercial real estate portfolio transactions
• Communicates across all departments including F&A, Store Development, and Legal to complete the cross-functional tasks on-time and on-budget. Keeps open lines of communications with all senior leaders to proactively address issues and facilitate collaboration. Attends business meetings as necessary.
• Prepares/Reviews timely and accurate responses on all transactional inquiries related to A/P, A/R, Accounting, Budgeting, Credit & Collections, Expense/Invoice Management, Financial Reporting, Fixed Assets, Investment Planning & Analysis, Leases, Legal, Reconciliations, Store Development, and Tax
• Prepares/Reviews complex annual NNN (triple net lease) reconciliations and related billings for income and expense leases. Ensures timely and accurate completion of these functions to meet lease requirements and/or industry standards.
• Prepares/Reviews information on daily cash receipts/tenant rents including monitoring AR balances and compiling financial statements & reports as needed.
• Prepares/Reviews invoices for accuracy, account coding, and to confirm that goods and/or services were actually received. Research and reconcile vendor and contractor accounts as required, including the prevention of recording/paying duplicate invoices.
• Prepares/Reviews for payment all contractor and vendor pay requests and invoices. Confirms accuracy of such payment requests/invoice, including accuracy of all mathematical calculations.
• Prepares/Reviews accounting lease administration functions to include required preparation of sales reports, payment of required commissions, rental set up and accuracy oversight, etc.
• Prepares/Reviews general ledger month-end closing journal entries, account reconciliations, and financial statements to provide business reporting and analysis to Real Estate management team
• Prepares/Reviews tenant/credit vetting and collection follow-up needs. This duty includes working with delinquent tenants in a tactful/professional, but effective manner when outstanding receivables exist.

Qualifications/Skills Required:

• Bachelor’s Degree (or higher) in Real Estate, Accounting, Finance, or related business field preferred or at least three (3) years equivalent work experience and education, preferably with a real estate emphasis
• Excellent organization, verbal/written communication, and customer service skills
• Up to 10% travel for on-site exposure and execution of essential commercial real estate business processes
• Proficient in computer software skills, including experience with integrated accounting software systems, real estate software systems (AMT), and Microsoft Office software (Excel, Word, Outlook)
• Ability to prioritize duties, handle multiple projects, work in a team setting, and meet deadlines
• Candidate must be creative, flexible, have strong technical aptitude; detail oriented with strong analytical and problem-solving skills
• Self-starter who can work autonomously in a fast paced and dynamic environment
• Intellectual curiosity and passion for the commercial real estate business and our geographic retail footprint