Property Accountant

Company Overview

• Ocean State Job Lot (“OSJL” or the “Company”) is a dynamic $850+ million general
• merchandise retailer with a strong foothold across the Northeast and
• Mid-Atlantic. With over 170 stores currently and ambitious plans to reach 180
• locations, OSJL offers exciting opportunities for growth and contribution. We
• are an opportunity-driven retailer owning over 50% of our operating locations,
• totaling 8 million square feet, demonstrating our stability and long-term
• vision. At OSJL, you will be part of a team committed to delivering exceptional
• value to our customers while driving positive change and a more responsible
• future for retail within our communities.

Job Summary

• The Property Accountant role at Ocean State Job Lot ("OSJL" and "Company")
• serves as a vital financial liaison between the Company’s tenants and its
• property management and accounting departments. Operating within the Finance
• Department, this role maintains tenant ledgers, manages Accounts Receivable
• (A/R), bills utility pass-throughs, and executes annual Common Area Maintenance
• (CAM) reconciliations. The ideal candidate for this role balances meticulous
• accounting standards and lease analysis proficiencies  with strong
• interpersonal  skills to resolve billing disputes, explain complex financial
• charges, and ensure accurate cash flow.

Key Responsibilities

• Tenant Relations & Lifecycle Management
• Own all tenant-facing financial communications. Serve as the primary point of

contact for billing inquiries and payment portal support.

• In partnership with the Lease Administration team, facilitate end-to-end

• tenant onboarding and offboarding, from running orientations and issuing
• welcome packets to completing move-in/move-out financial reconciliations.

• Monitor tenant retention metrics and proactively flag at-risk tenants for the

Property Management and the Leasing team.

Accounts Receivable & Collections

• Maintain precise tenant financial ledgers by timely and accurately posting

payments, late fees, and ledger adjustments.

• Manage the end-to-end rent collections lifecycle by monitoring weekly aged

• A/R reports, pursuing  past-due rent, and negotiating executive-approved
• payment plans with tenants.

• Partner with the Legal department, Property Managers and  Lease

• Administration to escalate rent defaults, issue payment demands and default
• notices, and enforce non-compliance or self-help clauses.

• Assist senior accounting staff with month-end close by preparing A/R aging

summaries and delinquency reports.

CAM, Utilities, & Expense Allocations

• Review commercial lease agreements to determine tenant pro-rata shares and

identify allowable expenses and expense caps, as applicable.

• Prepare annual CAM, real estate tax, and insurance reconciliations that

compare budgeted estimates against actual expenses.

• Calculate and issue monthly estimated CAM and operating expense budget

adjustments to tenants.

• Utilize submeter readings, square footage allocations, or Ratio Utility

• Billing System (“RUBS”) to process monthly utility billings. Audit master
• utility invoices against tenant charges to maximize cost recovery and flag
• usage spikes.

• Explain complex utility, CAM, and rent charges and review supporting CAM

expense documentation with tenants.

• Assist departments with budget tracking, cost reconciliation, and capital

expenditure reporting.

Compliance Tracking & Reporting

• Maintain detailed records of account discrepancies, field management

• escalations, and dispute resolutions to enforce lease terms and legal
• defensibility.

• Drive portfolio-wide tenant compliance scorecards and prepare monthly utility

variance schedules.

Qualifications

• A Bachelor’s degree in Accounting, Finance or related field is required.
• 3 or more years of experience in property management finance, property

accounting, or commercial A/R is preferred.

• Proven experience with CAM/Tax/Insurance reconciliations, lease abstracting,

and utility rebilling methodologies is preferred.

• Proficiency in property management accounting software (e.g., Unifier,

• CoStar, Oracle) and intermediate/advanced MS Excel skills (Pivot Tables,
• VLOOKUPs/XLOOKUPs) is required.

• Strong understanding of general ledger accounts, debits/credits, accruals,

and cash-basis vs. accrual accounting is required.

• Familiarity with commercial lease structures (Triple Net / NNN, Base Year,

Gross Leases) is preferred.

• Knowledge of state/local landlord-tenant laws and utility billing regulations

is preferred.

Work Environment

• Works primarily in a climate controlled environment with minimal safety and

health hazard potential.

• Works in an office environment remaining stationary at a desk, table, or

• computer workstation for extended periods of time. Frequently uses near
• vision for reading and computer tasks.

• Hybrid work option: Some work may be completed outside of the Company

• locations, with at least three (3) days a week in the Corporate Office. The
• role is responsible for setting up a professional and ergonomically safe work
• environment and to be available during working hours.  Hybrid work options
• are not guaranteed and are subject to change at any time based upon Company
• policy, associate performance and business needs.

• Reasonable accommodations may be made to enable individuals with disabilities

to perform essential functions.

OSJL Featured Total Rewards & Perks

• Competitive Paid Time Off (PTO)
• Comprehensive Health Coverage: Including but not limited to Medical, Dental,

Vision, and much more.

• 401K Program
• Flexible Spending Account (FSA)
• Tuition Reimbursement
• Associate Store 30% Discounts
• Enjoy complimentary access to OSJL-owned vacation properties, along with

discounted gym memberships and 30% off at OSJL affiliated restaurants.

• Free lunch Fridays

• This job description does not list all the duties of the job.  You may be asked
• by supervisors or managers to perform other job duties and tasks, some of which
• may be essential to the position.  Leadership has the right to revise this job
• description at any time.  The job description is not a contract, either express
• or implied.  You are an at-will employee, meaning either you or the Company may
• terminate your employment at any time, with or without notice.

• The annual salary range for this position is $65,000 - $75,000. Salary
• commensurates with years of experience.