Qualified candidates, please contact Christina Smith: | christina@kelleraugusta.com | 617.247.0505

Category:Brokerage Asset Management Accounting/Finance 

Lease Administration Associate

Boston, MA

JOB DESCRIPTION

Parent company of a leading Boston hospital is seeking a bright, dynamic team player for the position of Lease Administration Associate.  The qualified candidate will be an experienced and energetic professional that will join a team responsible for managing the company’s lease portfolio, with responsibilities including lease document review, lease abstracting, database entry and updates, lease & operating expense audits, and lease reporting.  The Property Accounting/Lease Administration Associate will oversee property leases and related communications.  High attention to detail with an ability to decipher information within commercial real estate leases is critical.

Responsibilities:

 

  • Track operating expenses and real estate tax reconciliations and security deposits based on company needs and report accordingly, work with landlords as necessary to resolve reconciliation and payment issues; 
  • Review and accurately abstract fully executed lease documents, amendments, and license agreements into the lease management system;
  • Prepare monthly, quarterly and annual reports with critical lease dates for internal distribution;
  • Review and verify renewal notices and commencement agreements and timely update the lease management system accordingly;
  • Manage lease options and encumbrances in the lease management system;
  • Input and/or Review all lease-related payments in lease management system, including base rent, CAM charges, real estate taxes and insurance;
  • Meet with internal staff on regular basis to review upcoming critical dates and assist in developing strategy for addressing lease issues;
  • Assist with lease research for pending deals, leasing reports, tenant buyouts, and/or early terminations as necessary;
  • Accurately maintain subtenant reports with information such as square footage, base rent and expiration date;
  • Assist with maintenance of central electronic retrieval/storage.

Desired Skills and Experience:

  • Bachelor's degree in business or related field, or equivalent experience;
  • Two to five years related experience in commercial real estate lease administration, preferably with office leases;
  • Strong knowledge of commercial real estate documents and the leasing process with an ability to apply this understanding in performing job responsibilities;
  • Experience with lease database and asset management software is required (experience with PeopleSoft is a plus);
  • High customer service orientation with demonstrated ability to build and maintain strong working relationships with key customers;
  • Must be proactive and highly responsive, able to work independently, and comfortable interacting with a variety of professionals in related fields (legal counsel, finance staff, and property management);
  • High level of attention to detail is required for purposes of providing reliable and accurate data and flagging inconsistencies between lease documents and database content;
  • Must consistently demonstrate excellent communication (both verbal and written), organizational, and analytical skills;
  • Knowledge and understanding of basic accounting and finance principles and familiarity with their applications and impact with respect to real estate analysis;
  • Proficiency in PC based software, especially MS Excel, Word, and PowerPoint, with the ability to accurately develop various types of logical reports;
  • Exceptional interpersonal skills, positive attitude, friendly, helpful and responsive;
  • Ability to multi-task, prioritize, finalize projects and resolve lease disputes.