Lease administrator Jobs in Usa

Job Description

Job Description

POSITION SUMMARY :

The Lease Administrator is responsible for overseeing all aspects of lease maintenance for leases within a designated portfolio of commercial properties. This position works closely with various internal and external stakeholders, making meaningful contributions towards the successful execution of the short- and long-term objectives of the organization. This position has no direct reports.

ESSENTIAL DUTIES AND RESPONSIBILITIES :

• Administer and manage a portfolio of retail leases, ensuring accuracy and compliance with terms and conditions. Maintain up-to-date lease files within a centralized database, ensuring all documentation, critical dates and other lease related materials are accurately recorded and logically organized.
• Review and interpret lease agreements to facilitate precise tracking and comprehensive reporting. Collaborate with internal and external stakeholders to address inquiries, provide clarification on lease-related matters, and equitably resolve disputes and discrepancies.
• Upon the execution of lease documents within assigned portfolio, abstract material clauses such as critical dates and financial and performance obligations. Refine existing abstracted notes as necessary on an on-going basis.
• Oversee the billing and collection of all Rent and Additional Rents, including not limited to Base Rent, Operating Expense Revenue (CAM, Real Estate Tax & Insurance, etc.), Percentage Rent, CPI Adjustments, Co-Tenancy / Alternate Rents, and Direct Tenant Billings.
• Monitor accounts receivable activity. Orchestrate collection efforts for a designated portfolio. Participate in the default process; organize documentation and ensure tenant accounts display accurate notes and status updates throughout progression.
• Evaluate present and proposed tenancy conditions for designated portfolio and maintain on-going knowledge of various occupancy requirements and use restrictions. Conduct feasibility studies for prospective deals to identify and anticipate any potential violations.
• Sales Reporting & Percentage Rent Compliance : Collect, record, monitor and report gross sales amounts as provided by Tenants. Enforce Sales Reporting and Percentage Rent requirements as outlined in lease agreements.
• Additional administration accountabilities include but are not limited to management of Tenant COI's, ad hoc internal reporting, general lease correspondence preparation & coordination, Rent Roll validation, and other ad hoc assignments as necessary based on industry demands.
• Other duties as assigned.

KNOWLEDGE, SKILLS AND REQUIREMENTS :

WORK ENVIRONMENT :

Includes a typical office or home-based office environment, with minimal exposure to excessive noise or adverse environmental issues.

PHYSICAL REQUIREMENTS :

Ability to sit for prolonged periods of time.

POSITIONS SUPERVISED :

None.

A WORD ABOUT FNRP

First National Realty Partners is a dynamic private equity firm that's reshaping the commercial real estate landscape. Our vertically integrated structure provides the #1 option for accredited investors looking to earn superior risk-adjusted returns in the necessity-based retail space. Our trusted relationships with top national-brand tenants give our team game-changing intelligence and maneuverability in the industry, specializing in grocery-anchored properties. Our trusted connections with the largest national brands in the country, and our proven investment criteria, allow us to de-risk investment opportunities and present the best, institutional-quality deals to investors who previously would never have had access to this asset class on the open market.

All of this would be impossible without the unparalleled knowledge and experience of our team members who bring the best of their respective fields to our firm. At FNRP we strive to be a responsible organization that creates value for all our stakeholders alike, including tenants, communities, investors, and employees. Our world-class team is united by the same core values as well as dedication toward FNRP's vision : to create a world where everyday accredited investors can invest in world-class institutional quality grocery-anchored commercial real estate.

Working at First National Realty Partners is unlike anything you've experienced before. We're not your stuffy shirt-and-tie office space. We believe in flexibility, accountability, comradery, and achieving our goals together. Will you join us?