Associate, Lease Administration

Description

This role is responsible for all lease administration for the portfolio of retail stores in North America, supporting the Manager Lease Administration & Executive Director. The Associate is the primary point of contact for landlords of assigned locations. Maintain lease information in our lease administration system in compliance with policies and procedures, ensuring adherence with processes, accounting controls, and US GAAP. Support the end-to-end real estate process collaborating with Real Estate, Legal, Finance, Retail Operations, Retail Design Development and Construction, among other teams.

Lease Accounting Processes

• Update and maintain lease data in the company's lease management tool (IBM Tririga) based on newly executed leases and amendments.
• Prepare documentation of accounting processes for SOX controls, obtain required approvals, and save to company network
• Prepare journal entries from the Tririga system to initially record any new leases or amendments, and the monthly recurring entries for all leases.
• Assist in preparation of annual rent budgets for assigned brands, using sales forecast, projections of variable rent expenses; estimating lease renewal rents; aligning with Real Estate Team and Brands on new locations and store closures, and projecting rent expenses for new stores
• Assist in quarterly financial reporting and disclosures.
• Assist in providing supporting documentation for audits.

General Lease Administration Processes

Payment Processes

Qualifications

Key Personal Characteristics

Seniority level

Employment type

Job function

Industries

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