Senior Real Estate Lease Administrator

Truist Financial • Winston-Salem, NC

129d • Remote

About The Position

The Senior Real Estate Lease Administrator is responsible for managing and maintaining a portfolio of leased and owned corporate real estate locations. This role is responsible for reviewing complex legal documents while extracting and entering all pertinent terms and obligations contained therein into the corporate real estate database. The Senior Real Estate Lease Administrator monitors compliance of all lease terms and legal obligations by tracking critical dates to ensure proper action and notice is taken to meet deadlines and protect rights granted and set forth in the lease documents. Additionally, the Senior Real Estate Lease Administrator serves as a liaison between internal teams, landlords, tenants and vendors by providing support through lease research to resolve lease-related issues. The Senior Real Estate Lease Administrator is also tasked with managing rent payments, processing annual reconciliations for operating expenses and examining invoices to dispute excessive charges or charges that are not permitted under the lease.

Requirements

• Bachelor's degree in Business Administration, Finance, Real Estate or equivalent education and related training.
• 3 or more years of experience in lease administration, finance, property management or similar field, with strong understanding of commercial lease structures.
• Excellent written and verbal communication skills.
• Strong organizational and analytical skills and ability to complete work with critical time schedules.
• Ability to read and interpret contracts.
• Experience in documenting processes and procedures.
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.

Nice To Haves

• Proficiency with Costar Real Estate Manager.
• Basic understanding of ASC-842 Accounting policy.
• Banking or financial services experience.

Responsibilities

• Responsible for completing accurate and timely abstracts of critical lease and property information into a central database for Branches, Offices, ATMs and Tenant leases and owned property documents.
• Process all recurring and non-recurring payables and receivables associated with the leases in portfolio.
• Prepare weekly and monthly payment files including variance research and reporting.
• Compile payment support documentation in compliance with audit requirements.
• Compare and evaluate operating expense and tax reconciliation statements.
• Ensure that billings are in alignment with lease terms and pursue corrections to billings when needed.
• Responsible for reviewing, editing and executing estoppels in order to comply with lease terms and minimize exposure.
• Draft lease correspondence including renewal letters and ensure timely delivery in order to meet critical dates.
• Conduct property and lease research, answer questions, clarify lease terminology, interpret lease language through a thorough lease review.
• Perform ad hoc and monthly reporting for quality control of the data in the portfolio.

Benefits

• Medical, dental, vision, life insurance, disability, accidental death and dismemberment.
• Tax-preferred savings accounts.
• 401k plan.
• No less than 10 days of vacation during the first year of employment.
• 10 sick days.
• Paid holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree