Lease Administrator

ALO•Beverly Hills, CA

3h•$100,000 - $130,000

About The Position

We are seeking a highly organized and proactive Lease Administrator to manage the day-to-day administration of our retail lease portfolio. This role will serve as the key liaison between the Accounting, Legal, Real Estate and outside Property Managers to ensure all lease documents are accurately maintained, payments are made, and lease terms are enforced.

Requirements

Bachelor’s degree in Business Administration, Real Estate, Finance, or a related field.
Minimum of 5 years of experience in lease administration, preferably in the retail, legal or real estate industry. International lease experience is a requirement.
Strong organizational and multitasking abilities with keen attention to detail.
Proficient in lease management software and MS Office Suite (Excel, Word, PowerPoint).
Knowledge of international lease terms, laws, and best practices.
Excellent communication and negotiation skills, with the ability to work effectively with cross-functional teams and external partners.
Ability to work independently and manage competing priorities in a fast-paced environment.
Strong problem-solving skills and a proactive approach to resolving issues.
Proficient in accounting and legal principles.
Prior management experience.

Responsibilities

Manage internal communications on lease executions and timing.
Administer and manage lease agreements for store locations, ensuring compliance with terms and conditions.
Oversee the preparation, tracking, and execution of leases, renewals, amendments, and terminations. Review lease abstracts for accuracy for all executed lease documents. Maintain a comprehensive lease database and ensure all documents are up-to-date and accessible.
Monitor critical lease dates (e.g., renewal, rent escalations) and proactively address upcoming deadlines to ensure timely actions.
Liaise with abstract team and accounting teams to continuously update and maintain the lease database.
Collaborate with the Real Estate and Legal teams to ensure leases are negotiated and executed efficiently as the company expands its footprint. Support the coordination of site selection, lease negotiations, and store openings, ensuring alignment with the company's growth strategy.
Assist in the review and analysis of lease terms and conditions in accordance with local laws and regulations.
Review rent payment schedules and manage the accuracy of financial obligations under lease agreements in coordination with accounting teams.
Assist with budgeting and forecasting for lease-related expenses in collaboration with the finance and operations teams.
Coordinate with accounting to ensure timely and accurate lease payment processing.
Review and approve new real estate charges, increases in reoccurring charges and annual reconciliations to ensure alignment with financial obligations under lease agreements.
Work closely with the tax consultants and internal tax team on business rate adjustments as necessary
Maintain accurate and complete lease files for all properties, including any amendments, extensions, and addendums.
Ensure all leases comply with local, regional, and regulations, as well as company policies.
Liaise with legal counsel and Landlords to address any lease disputes or legal issues that arise.
Partner with internal departments (Real Estate, Legal, Finance, Operations, and Construction) to ensure a seamless lease administration process and support store openings and relocations.
Provide lease summaries and reports to senior management to support strategic decision-making and expansion planning.
Generate and present regular reports on lease status, key dates, and financial obligations for stores.
Assist with lease audits, identifying discrepancies or potential risks and working to resolve them.
Coordinate with insurance company to produce compliant COIs and share with Landlords
Manage annual renewals of COIs
Update annual COI database
Manage any outsourced or in house lease administration teams, ensuring compliance and best practices
Strong understanding of managing outsourced processes and systems
Additional ad-hoc responsibilities as needed.