Claims Administrator – Life
EMC Insurance Companies
Senior Real Estate Lease Administrator
Truist
full-time
Posted on:
Location: North Carolina, Virginia • 🇺🇸 United States
Visit company websiteJob Level
Senior
About the role
- Manage and maintain a portfolio of leased and owned corporate real estate locations
- Review complex legal documents and extract and enter all pertinent terms and obligations into the corporate real estate database
- Monitor compliance of all lease terms and legal obligations by tracking critical dates and ensuring proper action and notice
- Serve as a liaison between internal teams, landlords, tenants and vendors and provide lease research support
- Manage rent payments, process annual reconciliations for operating expenses and examine invoices to dispute excessive or non-permitted charges
- Complete 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 recurring and non-recurring payables and receivables associated with leases, prepare weekly and monthly payment files and compile payment support documentation
- Compare and evaluate operating expense and tax reconciliation statements and pursue corrections
- Review, edit and execute estoppels and draft lease correspondence including renewal letters
- Conduct property and lease research, answer questions, clarify lease terminology and interpret lease language
- Perform ad hoc and monthly reporting for quality control and work closely with Lease Accounting at month and quarter end to ensure executed documents are processed for financial reporting
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
- Preferred: Proficiency with Costar Real Estate Manager
- Preferred: Basic understanding of ASC-842 Accounting policy
- Preferred: Banking or financial services experience
- Preferred: Notary
