Lease Management Financial Analyst

Company: Zurich NA
Location: Schaumburg
Posted on: June 8, 2021

Job Description:

Zurich North America is currently hiring a Lease Management Financial Analyst and this person will work preferably out of our Schaumburg, IL North America HQ. This person can also work remotely. This person will report to the North America Head of Lease Management

Key Accountabilities:

• Build financial models for real estate decision making, which includes NPV cash flows and incorporating IFRS16 based 'right-of-use' asset schedules into the P&L (including both run rate and one-time impacts).
• Create budgets and forecasts in collaboration with Real Estate Portfolio Managers and Finance.
• Perform as the subject matter expert (SME) for all Lease Management reporting tools with the ability to explain variances from prior periods and assist with data validation.
• Manage accounts receivable from subtenants and take needed action for collections as required.
• Review and approve rent payment files and approve invoices for subtenants.
• Review, screen for sanctions and approve vendors for leases.
• Review and prepare Certificates of Insurance (COI) requests for ZNA and monitor for Farmers.
• Oversee operating expense reviews and audits.
• Prepare and distribute term sheets as needed.
• Manage vendor relationships and provide cost savings report compared to target.
• Oversee IFRS16 reporting requirements and approve and validate cash flows and lease data.

Basic qualifications:

• Bachelor's Degree, and 5 or more years of experience in the Finance or Commercial Real Estate area Or
• High School Diploma or Equivalent, and 7 or more years of experience in the Finance or Commercial Real Estate area Or
• Zurich Certified Insurance Apprentice, including Associate Degree and 5 or more years of experience in the Finance or Commercial Real Estate area And
• Experience with complex real estate financial modeling /analysis
• Experience with financial reporting, impacts, analysis and incorporating 'right-of-use' asset schedules into the P&L
• Experience with Commercial Real Estate Leases and Subleases
• Experience with Accounts Payable/Accounts Receivable databases
• Experience working with outsourced service providers

Preferred qualifications:

• Advanced Microsoft Office skills
• Experience incorporating IFRS16 based 'right-of-use' asst schedules into the P&L (including both run rate and one-time impacts)
• Advanced Excel experience. Functions - complex formulas, Macros, Pivot Tables, vlookups
• Strong verbal and written communication skills
• Strong problem solving and analytical skills
• Detail oriented

A future with Zurich

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 148 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.

As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers' expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

Location(s): AM - Schaumburg, AM - Remote Work (US)

Remote Working: true

Schedule: Full Time

Nearest Major Market: Chicago

Keywords: Zurich NA, Schaumburg , Lease Management Financial Analyst, Other , Schaumburg, Illinois