Senior Real Estate Lease Administrator

Truist

  • Winston-Salem, NC
  • Temporary
  • Full-time
  • 1 day ago
The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to (accommodation requests only; other inquiries won't receive a response).Regular or Temporary: RegularLanguage Fluency: English (Required)Work Shift: 1st shift (United States of America)Please review the following job description: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.ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.1. 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. Abstracting will include all pertinent lease data including but not limited to: lease dates, options, expenses/revenue, legal clauses and critical lease reminders, all within a required SLA.
2. 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.
3. 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.
4. Responsible for reviewing, editing and executing estoppels in order to comply with lease terms and minimize exposure.
5. Draft lease correspondence including renewal letters and ensure timely delivery in order to meet critical dates.
6. Conduct property and lease research, answer questions, clarify lease terminology, interpret lease language through a thorough lease review, communicating with internal and external stakeholders such as facilities, landlords and strategy teams.
7. Perform ad hoc and monthly reporting for quality control of the data in the portfolio. Will work closely with Lease Accounting team at month end and quarter end to ensure executed documents are processed for financial reporting.QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor’s degree in Business Administration, Finance, Real Estate or equivalent education and related training
2. 3 or more years of experience in lease administration, finance, property management or similar field, with strong understanding of commercial lease structures
3. Excellent written and verbal communication skills
4. Strong organizational and analytical skills and ability to complete work with critical time schedules
5. Ability to read and interpret contracts
6. Experience in documenting processes and procedures
7. Demonstrated proficiency in basic computer applications, such as Microsoft Office software productsPreferred Qualifications:
1. Proficiency with Costar Real Estate Manager
2. Basic understanding of ASC-842 Accounting policy
3. Banking or financial services experience
4. NotaryGeneral Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit . Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

Truist