Job Title
Lease Administration Associate ManagerJob Description Summary
Responsible for overseeing the entire lifecycle for a portfolio of commercial leases. Work as part of a team ensuring efficient and accurate accounting of client records, rent processing and reporting requirements.Job Description
- Responsible for day-to-day Lease Administration activities for a portfolio of commercial leases.
- Extract and organize key information from lease agreements and generate formal memo to authorize updates to the database.
- Perform final quality review of lease information abstracted into the database.
- Set-up the Lease accounting process in the database and work with the Lease Manager on Lease accounting schedules and updates
- Must possess the ability to produce accurate rent rolls for both tenants and subtenants. This includes the confirmation of rent changes and the development of month over month variance analysis, special handling requests, and all necessary steps to ensure the proper monthly payments to landlords.
- Review rent statements to validate recurring and non-recurring charges and facilitate updates to the database as required. Review and process one-time expense invoices.
- Review annual operating expense reconciliations and perform desktop audit to ensure all expenses are consistent with the terms of the lease.
- Manage sublease agreements including subtenant billing, aged receivables, and proactively collect past due rents. Invoice subtenants for applicable prime lease expenses
- Assist as necessary on all Lease actions and options. Collaborate with multiple departments to ensure that all actions and option notice date requirements are met.
- Review Estoppel Certificates and SNDA Agreements to ensure business terms listed are accurate.
- Assist as needed with tracking and collecting Tenant Improvement Allowances.
- Perform standard processes established for the client and recommend new approaches, policies and procedures to drive continuous improvements and efficiencies.
Requirements
- BA/BS degree required preferably in Finance, Accounting, Real Estate, or related business areas.
- Minimum of 5 years’ experience in commercial Lease Administration
- Excellent communication, organization, analytical and multi-tasking skills are required.
- Strong knowledge and demonstrated competence on various software, databases, analytical tools, including Microsoft Office Suite and SharePoint as well as superior knowledge and skill using Excel.
- Must have the ability to interpret complex lease agreements.
- Must be self-motivated with the ability to work independently and have the ability to create detailed financial and analytical reports, business correspondence, and procedural manuals.
- Must have the ability to effectively present information and analysis and respond to questions from internal and external sources.
- Experience in Lease Accounting preferred
Cushman & Wakefield also provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health, vision, and dental insurance, flexible spending accounts, health savings accounts, retirement savings plans, life, and disability insurance programs, and paid and unpaid time away from work. In addition to a comprehensive benefits package, Cushman and Wakefield provide eligible employees with competitive pay, which may vary depending on eligibility factors such as geographic location, date of hire, total hours worked, job type, business line, and applicability of collective bargaining agreements.
The compensation that will be offered to the successful candidate will depend on factors such as whether the position is covered by a collective bargaining agreement, the geographic area in which the work will be performed, market pay rates in that area, and the candidate’s experience and qualifications.
The company will not pay less than minimum wage for this role.
The compensation for the position is: $91,800.00 - $108,000.00Cushman & Wakefield is an Equal Opportunity employer to all protected groups, including protected veterans and individuals with disabilities. Discrimination of any type will not be tolerated.
In compliance with the Americans with Disabilities Act Amendments Act (ADAAA), if you have a disability and would like to request an accommodation in order to apply for a position at Cushman & Wakefield, please call the ADA line at 1-888-365-5406 or email HRServices@cushwake.com. Please refer to the job title and job location when you contact us.
INCO: “Cushman & Wakefield”Extra Content
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