Lease Administrator

Kforce has a client that is seeking a Lease Administrator in Newton, MA. Summary: Our client is seeking a highly motivated and detail-oriented Lease Analyst. This role requires an ability to accurately discern and abstract lease documents, as well as ensuring the financial terms are accurately reflected in Yardi to ensure accurate reporting. This role requires close coordination with various other business functions. Responsibilities:

• Incorporate vital data within the Yardi application
• Abstract lease terms, including recovery clauses Leases, Lease Amendments, Lease Terminations, Assignments and other lease documents
• Review and approve of lease abstractions processed by third-party for Executed Deals
• Provide a heightened focus on properly capturing Revenue Recognition items and related data to ensure effective reporting
• Review and approve of lease abstractions processed by third-party for Acquisition related deals
• Actively assess the impact of Revenue Recognition
• Collaborate and discuss Revenue Recognition items with Accounting team, Lease Administration to ensure compliance with established SOX 404 Narratives
• Maintain open communication with Real Estate Services regarding the building modifications, unit changes, lease document status, move-in/out forms, major tenant information, and other open portfolio issues
• Create and execute the approval process and posting of monthly Recurring Charges, as well as any miscellaneous billings/adjustments
• Calculate Consumer Price Index (CPI) Adjustments as they become due on a monthly basis
• Coordinate and process reconciliation of accounts which may have outstanding A/R issues
• Assist with the calculation and booking of Percentage Rent and Sub-Rent Receivable Income, when applicable
• Assist with new acquisitions by setting up core Tenant information
• Assist with capital recycling efforts as they arise by supporting the team with the Estoppel Management process
• Bachelor's degree required
• 3+ years of commercial real estate lease administration experience, including knowledge of standard and non-standard lease components
• Keen attention to detail, self-motivation, flexibility, a solution mindset and excellent organizational and interpersonal skills
• Exceptional verbal and written communication skills are required
• Proficiency with accounting software package (Yardi) preferred
• Proficiency with Excel and other Microsoft applications
• Ability to interpret complex commercial lease language and an understanding of the accounting requirements of leases is essential