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Lease Administrator

3 months ago

Charlotte, United States Rack Room Shoes Full time

25790

Full Time

About Rack Room: Rack Room Shoes is recognized as a footwear industry innovator and has proudly served our communities, pairing people with their favorite shoes for over 100 years. We offer a great variety of on-trend styles for women, men and children in athletic, comfort and dress categories. We pride ourselves on a delightful and trusted shopping experience for our valued customers while offering an outstanding value on a wide selection of nationally recognized brands and exclusive private labels.

Position Description:

Rack Room Shoes is seeking a team-oriented, well rounded Lease Administrator to join our in-house legal team. Applicants for this role should demonstrate a comprehensive understanding of retail lease management, financial acumen, negotiation skills, and the ability to collaborate with various departments within the organization.

As a Lease Administrator, you will have experience (preferably in a retail environment) with the following Key Responsibilities:

1. Financial Management:

  • Reconciling monthly and annual landlord statements/invoices.
  • Processing rental invoices on a monthly basis.
  • Processing and auditing the monthly rent roll.
2. Lease Review and Interpretation:
  • Experience in reviewing and interpreting retail lease language, including provisions such as Common Area Maintenance, Gross Sales, Percentage Rent, Co-Tenancy, and Exclusive clauses.
3. Reporting:
  • Preparing gross sales and percent rent reports.
  • Reconciling and reporting on lease accounting adjustments with landlords and provide internal updates.
4. Dispute Resolution:
  • Resolving and negotiating successful financial/accounting disputes and lease-driven issues with landlords and third parties.
5. Legal Department Support:
  • Developing and maintaining legal department matter trackers (e.g., default notices, construction/tenant allowances).
  • Balancing support for the other Legal Department functions.
6. Relationship Building:
  • Building positive, team-oriented relationships with other corporate functions such as Store Development, Store Operations, Finance, and Marketing.
7. Professionalism and Ethics:
  • Demonstrating a high level of confidence, professionalism, and adherence to ethical standards and confidentiality.
8. Legal Operations Support:
  • Providing legal department operations support to the Chief Legal Officer and in-house counsel as needed.
  • Legal operations and matter tracking skills.
Qualifications and Skills:
  • Five (5) plus years' experience as a retail Lease Administrator with specific expertise with the listed
  • Solid knowledge of lease financial management, accounting practices and reconciliation skills.
  • Excellent ability to interpret lease language.
  • Proficient computer skills, and full working knowledge of Excel.
  • Sound, amicable communication skills.
  • Ability to multi-task in a fast-paced environment.
  • Ability to defend position with confidence to a landlord.
  • Lease database experience.
  • Strong understanding of retail lease language.
  • Negotiation skills for dispute resolution.
  • Relationship-building skills with various corporate functions.

Work Environment:

Currently hybrid office environment; 4 days in the corporate office in Charlotte, NC

The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills requires of the position. All employees may have other duties assigned at any time

Store Number: HQ

Headquarters

Pay Range:

8310 Technology Drive

About Rack Room Shoes

Great shoes for men, women and children in comfort, dress, casual, and athletic categories make Rack Room Shoes the family footwear retailer of choice. The company offers a wide selection of nationally recognized brands known for their quality. Rack Room Shoes also offers an assortment of exclusive private brands commissioned from the best manufacturers in the business. Our private brands offer customers great styles and outstanding values, which translates into satisfied, loyal, repeat customers.

Charlotte, North Carolina US

Rack Room Shoes provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation and gender identity), national origin, marital status, disability, genetic information, age, military service, or any other characteristic that is protected by applicable law. This policy of equal employment opportunity extends to all aspects of employment including, but not limited to, recruitment, hiring, training, promotion, transfer, reassignment, demotion, discipline, discharge, performance evaluation, compensation and benefits.