Lease Administrator

Chipotle•Columbus, OH

1d•$67,000 - $95,500

About The Position

The Lease Analyst will provide support and resources related to Chipotle’s real estate portfolio. They preserve the business’s economic model by ensuring lease compliance, controlling occupancy expenses, and helping maintain long term tenancy at the restaurant locations, while also providing direction and leadership to others. The Lease Analyst serves as a liaison with internal property management, finance, legal, operations, construction, as well as landlords and their representatives.

Requirements

B.A./B.S. or the equivalent
3-5 years of experience in commercial real estate lease administration, property management or related field.
Proficient in Microsoft Excel.
Possess the technical aptitude to use various Lease Administration systems and software.
Understand essential lease and real estate industry terminology.
Possess excellent analytical, communication and mathematical skills.
Be highly organized, detail oriented with a professional demeanor and strong interpersonal skills.

Nice To Haves

Restaurant or retail experience preferred.

Responsibilities

Interpret and analyze lease language to determine the right course of action to confirm critical lease dates, prepare and process stipulations, set up recuring payments for Common Area Maintenance, Taxes, Insurance, and execute store set up in system for new restaurant openings.
Processing and approving monthly rent and out of cycle/one-time payments timely and accurately and provide supporting reports.
Monitor progress and obtain required documentation for TI Allowance.
Invoice, collect and process TI Allowance payments.
Abstracting monthly Lease Renewals and Amendments.
Execute initial set up for anticipated rent payments to support accrual process.
Analyze sales data and lease language to accurately prepare one off percent rent payments.
Audit and reconcile Landlord ledgers/invoices and validate we are paying in accordance with the lease agreement.
Liaise between Landlords and internal teams to rectify discrepancies due to escrow changes or unapplied / misapplied payments, utilities, etc.
Communicating with landlords on lease issues, disputes and negotiating to resolution.
Controlling occupancy costs by performing annual reviews of operating expenses (CAM reconciliation) to ensure Landlords are complying with the terms of the lease agreement.
Understanding various rent payment models and ensuring timely and accurate payments and reporting.
Review and communicate lease obligations with business partners to provide important insight and inform business decisions and actions during lease tenure.
Assist in creating efficiencies within the department and analyzing the impact on the business while also providing meaningful and actionable insight.
Maintain electronic lease documentation files.