Lease Administrator

Foot Locker•New York, NY

1d•Hybrid

About The Position

It is an exciting time to take part in our journey to inspire culture and communities. We are looking for a passionate multitasker to join our team as a Lease Administrator at Foot Locker. The Lease Administrator will report to the Manager of Lease Administration and will be responsible for the review and abstraction of all commercial lease agreements for Foot Locker, Inc. to ensure that both Foot Locker, as Tenant, and the landlords perform all their respective obligations under the leases. This includes, but is not limited to, payment of rent, tracking of critical dates tied to specific lease provisions, and taking action to facilitate all rights under the leases as necessary. This role involves collaborative cross-function working relationships with Lease Accounting, Lease Compliance, Real Estate, Legal, Construction, and external parties on addressing and resolving various issues as they specifically relate to leasing inquiries.

Requirements

BA/BS Degree in Business Administration or equivalent
Minimum 3 years of progressive experience in corporate real estate, lease administration, facilities operations or related function
3 – 5+ years Lease Administration experience
Strong working knowledge of commercial lease agreements and common lease terms, lease administration and accounting standards.
Experience operating within Sox-controlled environment and supporting audit requirements
Property Management Software experience, preferably Lucernex, LeaseQuery or Yardi.
Individual must be organized and detail oriented
Must be energetic, motivated and a self-starter
Comfortable learning and utilizing new technology platforms and tools.
Candidate should demonstrate the ability to adapt to frequent process changes, with a flexible and solution-oriented approach.
Understanding of 842 accounting principles
Proficient with Excel, SharePoint, Microsoft Word 6.0 or higher, database applications MS Access; Lucernex/Accruent
Ability to write clear and concise letters / memos / emails
Ability to effectively present information in one-on-one and small group situations to customers, clients and other associates in the corporation.
Must be able to communicate clearly and effectively to all levels of management as well as to outside vendors and cross collaboration between multiple departments.
Strong organizational skills with the ability to multitask, manage multiple deadlines and priorities while maintaining accuracy and attention to detail
Able to work well as a team player and successfully collaborate across different departments and/or functions
Act in a supervisory role over Lease Administration Coordinators in providing guidance and review and approval of work processed.

Responsibilities

Reading and abstracting legal documents for data entry into the Foot Locker Lease Reporting systems
Ensure data integrity of lease information on company systems
Coordinate with the Finance Department to ensure lease obligations are paid in accordance with the lease
Review workflows and Lucernex setups and document filing to ensure GAAP and internal compliance
Ensure the company takes advantage of key lease provisions (e. options, expirations, kick-outs and co-tenancy) and reports these rights to management
Reporting/set-up of Construction Allowances, rent abatements, rent credits, etc.
Work closely with Lease Accounting, Legal and Leasing to resolve issues
Administrate the day-to-day Lease Administration functions, such as:
Tracking and processing of legal documents (e. reading, abstracting and setup of new leases and other lease documents)
Coordinate the handling of repair & maintenance issues (lease review, landlord notification, etc.)
Oversee the issuance of insurance certificates
Handle notices of default
Review and process CPI base rent increases
Address and resolve lease disputes with landlords
Lease review and interpretation
Oversee and approve processing of landlord/payee changes (e. name, address, contact information)
May be required to perform additional duties as assigned by supervisor.