Strong analytical, organizational, and communication skills
Experience with REIT operations and real estate finance
Ability to interpret complex lease agreements
Experience managing high-volume cash receipts in a multi-entity environment
Familiarity with ERP systems like MRI or Yardi
Embraces technology-forward mindset with curiosity for AI solutions
Advanced MS Office and Excel skills
Responsibilities
Manage daily cash application processes for tenant accounts
Ensure accurate processing of banking deposits and cash receipts
Oversee receipt intake from various payment sources
Apply payments according to remittance advice or system logic
Collaborate on journal entries and bank reconciliations
Monitor unapplied cash and drive timely resolution
Lead and mentor staff to foster a culture of accuracy and improvement
Benefits
Collaborative work environment
Opportunities for professional development
Support for continuous improvement initiatives
Engagement with cross-functional teams
Exposure to advanced technology solutions
Full Job Description
We are seeking a detail-oriented and strategic Manager of Cash Applications to lead our cash receipts and application operations. This role is responsible for overseeing the accurate and timely posting of tenant payments across multiple channels-including ACH, wire transfers, checks, and tenant portals-into our financial systems. The ideal candidate will bring deep expertise in cash application workflows, strong leadership skills, and a collaborative mindset to drive operational excellence and support cross-functional teams.
Key Responsibilities
Cash Application Operations
Manage daily cash application processes, ensuring accurate posting of payments to tenant accounts
Ensure all banking deposits are processed accurately, confirming daily batch entries tie to cash receipts
Oversee receipt intake from various sources (lockbox, ACH, wire, manual checks, tenant portal)
Ensure payments are applied per remittance advice or system logic to appropriate ledger categories (e g , Rent, CAM, Taxes, Insurance)
Collaborate with team members to prepare journal entries and bank reconciliations by resolving discrepancies and applying knowledge of subledger-to-general ledger flow
Monitor unapplied cash and drive timely resolution
Team Leadership
Lead and mentor staff, fostering a culture of accuracy, accountability, and continuous improvement
Set performance goals, monitor productivity, and implement process improvements to ensure timely posting of receipts and resolution of unapplied cash
Foster a culture of accuracy, accountability, and continuous improvement
Cross-Functional Collaboration
Partner with Lease Administration, Treasury, Accounting, and IT to resolve payment discrepancies and optimize workflows
Serve as the primary contact for tenant inquiries related to payment activity and portal support
Coordinate with Treasury on banking relationships, lockbox setup, and cash forecasting
Compliance & Reporting
Ensure compliance with internal controls, SOPs, and regulatory standards (e g , Sarbanes-Oxley)
Maintain accurate records of receipts, batch reports, and reconciliation logs
Support month-end and quarter-end close processes and reporting packages
Collaborate with IT to troubleshoot system issues and implement technology solutions
Qualifications
Strong analytical, organizational, and communication skills
Experience with REIT operations and real estate finance, including lease structures and billing cycles
Ability to interpret complex lease agreements and apply payments accurately
Ability to manage high-volume cash receipts in a multi-entity environment
Experience with administration of third-party portals
Requirements
Bachelor's degree in Accounting, Finance, or related field
7+ years of experience in cash applications, accounts receivable, or accounting-preferably in real estate or REITs
3+ years of supervisory experience including managing third party resources preferred
Familiarity with ERP systems such as MRI, Yardi, JD Edwards preferably including researching and implementing new systems
Embraces a technology-forward mindset with strong curiosity for merging tools, AI in particular, bringing forward-looking perspective that inspires innovative solutions.
Advanced MS Office, Excel skills (ex: pivot tables, VLOOKUPs, formulas)
The expected salary range for this position is between $100,000 and $120,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.
About Kimco Realty Corporation
Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates a portfolio of neighborhood and community shopping centers. The company's properties are located in the United States, Puerto Rico, Canada, Mexico, and South America. Kimco Realty Corporation's tenants include supermarkets, drugstores, discount stores, and other retailers. The company was founded in 1958 and is headquartered in New Hyde Park, New York.
