Director of Lease Audit

Director Of Lease Audit

DCAS's mission is to make city government work for all New Yorkers. From managing New York City's most iconic courthouses and municipal buildings, to purchasing over $1 billion annually in goods and services for more than 80 City agencies what we do ensures that all agencies can deliver on their mission. Our reach touches every facet of city government and is instrumental to the successful day-to-day operations of the City of New York. Our commitment to equity, effectiveness and sustainability guides our work providing City agencies with the critical resources and support needed to succeed, including : recruiting, hiring, and training City employees; managing 55 public buildings; acquiring, selling, and leasing City property; purchasing over $1 billion in goods and services for City agencies; overseeing the greenest municipal vehicle fleet in the country; and leading the City's efforts to reduce carbon emissions from government operations. When you work at DCAS, you're not just working for one agency, but in service of them all. It's an opportunity to provide impactful support, quality customer service, and help protect the future of New York City for generations to come.

The Real Estate Services (RES) Line of Service of DCAS supports the operations of the government of the City of New York by providing services for the City's real estate needs. RES is responsible for the space planning and management of 37 million square feet, Citywide acquisitions (lease or purchase), sales and other dispositions of City-owned real estate, architectural design and project management, zoning and land use analyses, property management, disposition of 15,000 City-owned lots, property valuation, and financial analysis of real estate transactions. The accounting and finance professionals in Financial Services support every unit within Real Estate Services in accomplishing their missions. Five units support RES business through lease audit, property valuations, revenue & financial analysis, budget & lease enforcement, and lease administration. The Lease Audit Unit represents the City at the offices of our landlords and tenants to review financial records in order to determine that City agencies as tenants are being charged the proper rent amounts by their landlords and that City tenants, which pay variable rents based upon a percentage of revenue, are in compliance with their leases and paying the appropriate rents to the City. After an audit is completed, the Lease Audit Unit follows-up with each tenant agency to ensure that the amounts identified as overpaid by and / or due the City in the final audit reports are recovered. The Lease Audit Unit also works with City agencies and landlords to answer questions and resolve any disputes related to rent and additional rent charges and / or payments. Financial Services is seeking to hire a Director of Lease Audit who can conduct audits of rent payments made by City agencies to private landlords pursuant to lease agreements containing operating cost and real estate tax escalation clauses. This position will also require conducting lease audits for lease agreements with private entities occupying City-owned property to verify the accuracy and propriety of rental payments made to the City. The candidate will also be responsible for performing other various compliance related tasks as needed, including assisting with the preparation of the annual Comptroller's Office Directive One submission pertinent to Real Estate Services' responsibilities, and will also actively participate in the conduct of reconciliations, surveys, reviews or special projects as needed by Real Estate Services.

Responsibilities include :

• Directing a team of auditors providing accurate and timely lease audit reports.
• Provide guidance and support to other auditors on audit methodologies and techniques.
• Manage a staff that conducts audits of variable rent payments made by City agencies to private landlords pursuant to lease agreements containing operating cost and real estate tax escalation clauses.
• Conduct audits of lease agreements with private entities of City-owned property to verify the accuracy and propriety of rental payments made to the City.
• Review and abstract leases to identify audit criteria.
• Perform analyses of landlord and tenant financial records to verify the accuracy of data and information.
• Develop and complete audit plans including the drafting of letters and reports that reflect audits activities and findings.
• Stay-up to-date with changes in generally accepted auditing standards and generally accepted accounting principles.
• Assist in the preparation of DCAS Real Estate Services' Comptroller's Directive One submission.
• Participate in the conduct of surveys and other research activities for audits, reviews or special projects as needed.
• Generate various reports pertaining to audit findings and recoveries.

Additional responsibilities :

Flexible Work Update : This position may be eligible for remote work up to two days per week, pursuant to the Remote Work Pilot Program agreed to between City and DC37.

To Apply : Please go to www.nyc.gov / jobs or www.nyc.gov / ess for current NYC employees and search for Job ID #733367.