Apply on Employer Site

Kimco Realty Corporation · 14 hours ago

Manager of Cash Applications

Jericho, NY

Full-time

Onsite

Mid, Senior Level

$90K/yr - $110K/yr

7+ years exp

Kimco Realty Corporation is seeking a detail-oriented and strategic Manager of Cash Applications to lead their cash receipts and application operations. This role involves overseeing the accurate and timely posting of tenant payments into financial systems and driving operational excellence through strong leadership and collaboration with cross-functional teams.

CommunitiesReal EstateReal Estate InvestmentShopping Mall

Responsibilities

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

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

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

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

Qualification

Cash application workflowsREIT operationsERP systemsAnalytical skillsAdvanced ExcelLeadership skillsSupervisory experienceThird-party portal administrationOrganizational skillsCommunication skills

Required

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

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

Advanced MS Office, Excel skills (ex: pivot tables, VLOOKUPs, formulas)

Preferred

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

Company

Kimco Realty Corporation

Kimco Realty® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States.

Founded in 1958

New Hyde Park, New York, USA

501-1000 employees