The Lease Administrator is responsible for administering a portfolio of properties and is an essential communicator with the rest of the organization in relation to the specific portfolio of properties.
Essential Job Functions * Abstract and maintain all current and new lease documentation for assigned properties. * Setting up building stacking plans, rent rolls and document logs. * Reviewing lease abstracts prepared by team members and third parties to ensure all charges are accurate and per the lease terms. * Interpreting recovery clauses and partners with accounting to set up CAM recovery pools * Updates billing grids as needed for CPI, Sales Tax and CAM estimate changes * Updates and maintain current log of outstanding leases to be abstracted for weekly reporting * Assists with budgets for speculative leasing * Provides support to Property Management and Accounting by answering questions relating to MRI and lease abstracting. * Audits and analyzes lease documents, addressing any discrepancies, issues and questions, makes recommendations and implements solutions. * Generates specialized reports to monitor specialized fields and pursues discrepancies and expirations. * Assists in completing other tasks within the department when additional resources are needed * Participates in the compilation of due diligence information for potential acquisitions and dispositions
Requirements * 4-6 years of previous lease administration or project accounting experience required, preferably with a commercial real estate or property management company * BS or BA in Business, Finance, Real Estate or related field is preferred * Demonstrated familiarity with basic accounting and the ability to read and comprehend leases * Strong proficiency with MRI or similar lease administration software * Strong verbal and written communication skills * Excellent internal and external customer service * Ability to understand, interpret, and abstract complex real estate lease terminology * Effective and efficient time management skills * Detail oriented, organized and thorough with proven success in managing multiple tasks under tight time constraints and deadlines