Lease Financial Reporting Specialist

3 days ago


New York, New York, United States New York City Economic Development Corporation Full time
Job Summary

This Lease Financial Reporting Specialist role is responsible for managing complex commercial leases and lease-related assignments. The ideal candidate will have 1-2 years of experience with lease administration, a Bachelor's Degree in Business, Real Estate, Accounting or related field, and excellent verbal and written communication skills.

You will be responsible for abstracting lease components, preparing documents for accurate billing, and ensuring tenant financial reporting compliance. With a strong attention to detail and proficiency in Microsoft Office (Excel, Word, Outlook), you will work closely with Portfolio Managers and Accounting to ensure compliance with financial reporting requirements.

Responsibilities:

  1. Support the VP and SVP in managing and implementing the administration of complex commercial leases and lease-related assignments
  2. Complete billing information for submission to Accounting
  3. Complete Lease Abstract information on EDC's MRI Extension program
  4. Review Term Sheets with Vice President prior to execution, including checklist and financial viability of prospective tenants
  5. Manage completion of local laws such as MMR, PMMR, and Local Law 48
  6. Administer documents for execution in Adobe sign internally and with City agencies
  7. Track collection of tenant financial reporting obligations according to EDC leases
  8. Contact tenants for missing and/or overdue financial reports
  9. Work with Portfolio Managers and Accounting to ensure compliance with financial reporting
  10. Work with Senior Leadership for legal enforcement of financial reporting requirements
  11. Administer outside contracts with audit firms and process invoices for payment
  12. Assist in budgeting for audit firm(s) contracts
  13. Prepare excel reports for EDC Leadership as requested

Salary Range: $58,000 - $60,000 per year

Benefits: Comprehensive benefits package, including medical, dental, and pharmacy plans, flexible spending accounts, and short-term and long-term disability coverage



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