Tenant Recovery & Lease Accounting Intern (Spring 2025)

About us:

Phillips Edison & Company takes PRIDE in creating great omni-channel grocery-anchored shopping experiences and improving communities, one center at a time. PECO's culture is fueled by the ENERGY our team brings to work every day - to find creative solutions and create value for our centers, our investors, our communities and the greater world around us. PECO's culture is driven by our team's CONNECTION to each other and the communities in which we live and work. PECO embraces the OPPORTUNITY to source and implement creative and sustainable programs to create a positive impact on the environment.

Phillips Edison's operating platform provides retail services including acquisition, redevelopment, leasing and management of grocery-anchored retail centers.

Tenant Recovery Team:

• Assist the Regional Recovery Analysts/Admin compile supporting CAM documents as needed

• Work with a diverse range of professionals and teams internally, including Asset Management, Property Management, Legal and more, to research and analyze assigned tenant questions or dispute cases, using language from the tenant lease and applying critical thinking and decision-making skills to resolve issues and answer questions

• Prepare adjustments to CAM/RE Tax/Insurance/Utility reconciliations as needed per the terms of the lease. Ensure that Asset Management and Property Management are made aware of issues at each property as they are identified and assist in resolving issues as needed

Lease Accounting Team:

• Review and update tenant information upon acquisition of a new investment property

• Take on lease administration and lease billing projects related to tenant set up and billing in MRI

• Collaborate with other departments such as leasing, construction, operations, and transactions to ensure accuracy and completeness of tenant data

• Research and reconcile tenant ledgers to confirm accurate billings

• Assist researching variances between tenant's cash and non- cash security deposits

What you'll learn:

• Learn about the commercial real estate industry and the accounting standards and practices applicable to it

• Develop techniques to analyze and understand lease language

• Develop skills required to communicate and coordinate with other professionals at varying levels throughout the company

• Develop time management skills and the ability to be responsible for more than one project at a time

• Learn the process of documenting work performed on projects and communicating effectively with supervisors and other company personnel

What we're looking for:

• A current undergraduate student who is able to work full-time and in person during the semester

• Current student actively pursuing a Bachelor's degree in Accounting, Finance, Real Estate, or other business-related field with a minimum GPA of 3.0

• Excellent customer service skills, prior role with customer service focus preferred

• Excellent communication and organizational skills, attention to detail and ability to work efficiently in a fast-paced team environment

• Ability to multi-task various projects to hard deadlines, including prioritizing and time-managing recurring duties and ad hoc tasks as they arise

Why PECO?

With consistent recognition as one of Cincinnati's top workplaces for 7 consecutive years, PECO's success as one of the nation's largest owners and operators of grocery-anchored shopping centers is driven by a strong employee culture and a small company feel. PECO values diversity, equity, and inclusion through various employee resource groups, and offers numerous wellness programs - including an on-site fitness facility and fitness classes. At PECO, associates enjoy meaningful interactions with one another, creating an energetic, high performing, yet relaxed work environment where individuals truly enjoy being a part of the team.