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Lease Administration Lead (Remote)

Lease Administration Lead (Remote)

VF CorporationWisconsin, US
30+ days ago
Salary
$56,000.00–$70,000.00 yearly
Job type
  • Full-time
  • Remote
Job description

Now that you’ve found the job description, what’s next?

At VF, we strive to foster a culture of belonging based on respect, connection, openness, and authenticity. As a purpose-led, performance-driven company, we are committed to inclusion, diversity, equity, and action. So, before we get to the job details, take a minute to learn a little more about us – our values and our culture - visit or .

What will you do?

A day in the life of a Lease Administration Lead at VF looks a little like this.

As part of VF’s North American Lease Administration Team, this position provides intermediary leadership and guidance to a team of Lease Analysts and collaborates cross-functionally with VF’s North American Real Estate team. The Lease Administration Lead, in conjunction with the North American Real Estate team, is responsible for tracking, supporting and enacting VF’s North American owned and leased real estate activities in accordance with departmental lease administration procedures, and corporate, regulatory lease accounting standards. This position supports the Sr. Lease Administration and Accounting Manager and overall team in achieving functional organization, coordination, development, and improvement objectives, and plays an integral role in meeting work product oversight goals and requirements.

Let’s break down that day-in-the-life a bit more.

  • Demonstrate a command of commercial lease contracts and concepts associated with retail, industrial, office and equipment assets. Exhibit detailed, holistic lease contract administration experience including rent management, occupancy expense auditing, rent account maintenance, sales reporting and percentage rent, lease abstraction, critical dates management / enactment, operational and legal requirements, landlord / tenant relations, and real estate development.
  • Proactively track critical lease activity dates including lease expirations, month-to-month tenancy periods, various option deadlines and route regular related reports to the Real Estate team.
  • Maintain regular communication with the Real Estate team to notify them of upcoming lease action items and track and enact anticipated / final directions relative to rent processing, lease accounting and other deadlines.
  • Support the Real Estate team by fielding inquiries and requests related to lease negotiations, enactment of lease actions, existing lease statuses, estoppels, lease provision reviews, and notify them of any lease administration disputes, issues or other pertinent activities that may impact intended actions or benefit from Real Estate or other cross-functional interaction.
  • Track the execution of various lease-related agreements and documentation, and subsequently abstract such documentation in the lease management system in compliance with established deadlines, procedures, and lease accounting standards.
  • Notify Lease Administration and Accounting team members of specified changes to lease terms resulting from lease amendments or other modification documents, or decisions impacting lease statuses or payment procedures.
  • Actively track real estate construction and special projects from inception to completion, including critical date determinations, abstraction, and on-going maintenance of related lease data in the lease management system.
  • Participate in SOX audit review procedures as requested relative to lease population management and maintenance of lease terms impacting lease accounting, and other procedures as may be required.
  • Serve as intermediary between Sr. Lease Administration Manager and Lease Analysts by fielding inquiries, trouble-shooting issues, reviewing work, administering feedback / training, and assisting with the timely coordination of lease administration deliverables and requests.
  • Potential travel (up to 20%)

What do you need to succeed?

We all have unique skills that we bring to work and celebrate every day. For this role, there are foundation skills you’ll need to succeed and excel. Additionally, while formal education in a related field is great to have, we are most interested in your 3-5 years of experience and professional achievements.

The foundation skills you will need in this position are :

  • Work experience in fields related to commercial leasing, contract administration, legal or real estate
  • Experience with lease management systems / databases
  • Team focused with ability to positively influence action
  • Ability to work quickly and accurately under deadlines
  • Excellent verbal and written communication skills
  • Willingness and ability to adjust to and meet regular monthly, quarterly, and annual accounting deadlines
  • There are also a few skills that are not required but preferred.

  • Familiarity with ASC 842 lease accounting standard
  • Project management experience
  • Retail tenant / occupier experience
  • Spanish fluency
  • What do we offer you?

    At VF, we know you expect as much from us as we do from you. That is why we make a commitment to support and grow our people. We offer extensive development and growth opportunities for your current and future positions, a competitive compensation package, and a strong benefits package that includes medical, dental, vision, and 401(k).

    Our commitment extends beyond this and into your daily work life. We strive to foster a diverse and inclusive culture based on respect, connection, and authenticity. Our focus on DEI is at the foundation of who we are and what we do.

    Now WE have a question for YOU.

    Are you in?

    LI-WM1

    Hiring Range :

    56,000.00 USD - $70,000.00 USD annually

    Incentive Potential : This position is eligible for additional compensation awards that may include an annual incentive plan, sales incentive, or commission potential. Specific details of the additional compensation eligibility for this position will be provided during the recruiting and interview process.

    Benefits at VF Corporation : You can review a general overview of each benefit program offered, including this year's medical plan rates on and by clicking Looking to Join VF? Detailed information on your benefits will be provided during the hiring process.