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Lease Administration Specialist

1 month ago

New York, New York, United States Rainbow Stores Full time
Job Title

Rainbow Stores is seeking a Lease Administration Specialist to join our team. The successful candidate will be responsible for ensuring that all rent-related costs have been documented, verified and accounted for and that pertinent lease terms are correctly entered into our system, activated, updated and enforced.


Key Responsibilities Include:

  • Verify and abstract all lease documents including accurately updating internal database for existing and new stores
  • Perform accounting functions relating to lease obligations including: timely processing monthly rental payments, annual reconciliations and other expenses, accrual of unpaid invoice and allocation of prepaid expense
  • Interpret lease to ensure all such rental payments are in compliance with lease terms
  • Maintain lease tracking database
  • Monitor leases/amendments for rent commencement, operating expense changes, changes in ownership, and lease terminations
  • Accurately process legal notices and payment relating to leases
  • Oversee day-to-day landlord relationships regarding account receivables, sales reporting, maintenance issues and Landlord sales audits to ensure prompt resolution to any issues
  • Draft lease correspondence and notices, addressing and resolving landlord/tenant issues
  • Monitor commencement and ongoing co-tenancy requirements
  • Special Projects as assigned by manager
  • Provide back up for fellow Lease Administrators, as necessary

Requirements:

  • Bachelor's degree or significant related experience
  • Minimum of 3 years work experience in Lease Administration, Real Estate, Accounting, Real Estate Law, Property Management or related field
  • The developed ability to interpret lease provisions, attention to detail, strong interpersonal skills, ability to build and maintain effective relationships, work independently, prioritize, take initiative to investigate and resolve problems using sound judgment, excellent oral and written communication skills

Rainbow Stores offers competitive pay with opportunity for benefits and growth with our company.