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Lease Administrator

  • Job
    Full-time
    Junior Level
  • Real Estate & Property
    Facilities Management
  • Austin
    Remote

AI generated summary

  • You need a bachelor’s degree with 2 years in lease administration, real estate lease knowledge, software proficiency, lease abstracting skills, and basic accounting capabilities.
  • You will manage lease data, reconcile payments, resolve AP inquiries, validate invoices, coordinate NNN reconciliations, track security deposits, collect subtenant rents, and communicate lease terms.

Requirements

  • Bachelor’s degree and two (2) years of commercial lease administration experience or an equivalent 1:1 combination of education and experience
  • Understanding and familiarity of commercial real estate leases, familiarity with operating and audit provisions in real estate leases
  • Experience reading and interpreting real estate leases, including all related lease documents, lease terminology, and lease clauses is essential
  • Proficiency in standard lease administration software and ability to accurately maintain software platforms/company databases
  • Experience working in commercial real estate required
  • Proficient in abstracting lease documents into lease administration software
  • Basic accounting skills
  • Lease term interpretation skills
  • Able to review and reconcile Common Area Maintenance, property tax and other operating expense invoices from landlord
  • Able to review and process year-end reconciliations for all operating expenses
  • Must have experience communicating with landlords to resolve annual reconciliation issues

Responsibilities

  • Perform the abstraction of lease data and payment schedule setup
  • Reconcile and process monthly recurring rents, one-time payments, rent reconciliations, rent roll changes, CPI, or overage rent adjustments, and reconcile unbalanced ledgers
  • Researches and resolves AP inquiries including discrepancies, missing payments, past due balances
  • Verify pro rata share, gross-up calculations and calculations of base year expense and any cap or stops identified in the lease
  • Validate landlord invoices
  • Review NNN reconciliations and conformance to lease requirements; coordinate with the third party vendor for review and process according to the terms of the lease
  • Communicate and resolve Landlord related disputes in accordance with Lease provisions to ensure cost savings initiatives for assigned portfolio
  • Review, analyze lease documents in database
  • Researches and resolves AP inquiries including discrepancies, missing payments, past due balances
  • Track, issue, collect security deposits
  • Track, collect subtenant rents
  • Coordinate and track preparation, distribution of Certificates of Insurance
  • Partner with interdepartmental teammates to interpret and explain lease terms for informed decision making

FAQs

Is this position fully remote?

Yes, this Lease Administrator role is open to 100% remote work, though candidates located in the greater Austin metro area are preferred.

What are the minimum qualifications for this role?

Candidates must have a Bachelor’s degree and two years of commercial lease administration experience or an equivalent combination of education and experience, along with a strong understanding of commercial real estate leases.

What key responsibilities will I have as a Lease Administrator?

Key responsibilities include performing lease data abstraction, reconciling rent payments, resolving AP inquiries, validating landlord invoices, and maintaining lease files and documentation.

What is the salary range for this position?

The salary range for this position is $59,000 to $75,000 per year, plus an annual bonus of up to 5% of base pay depending on bonus criteria.

Are there benefits offered to employees?

Yes, Hanger, Inc. offers competitive compensation packages, paid holidays, PTO, medical, dental, and vision benefits, a 401k savings plan, flexible work schedules, and student loan repayment assistance, among other benefits.

What type of experience is required for this role?

Candidates must have experience working in commercial real estate, particularly with reading and interpreting commercial leases and understanding lease administration processes.

Is there an opportunity for professional development in this position?

Yes, Hanger, Inc. provides mentorship programs, as well as opportunities for professional development and regional and national traveling CPO/CO/CP opportunities.

What skills are considered additional success factors for this role?

Ideal candidates should demonstrate a detail-oriented mindset, excellent time-management and organizational skills, integrity, collaboration, innovation, and a patient-centered approach.

How does Hanger, Inc. ensure equal employment opportunity?

Hanger, Inc. is committed to providing equal employment opportunities without discrimination or harassment based on any protected characteristics, and all employment conditions are administered accordingly.

Empowering Human Potential

Science & Healthcare
Industry
501-1000
Employees
1861
Founded Year

Mission & Purpose

Headquartered in Austin, Texas, Hanger, Inc. is a leading provider of orthotic and prosthetic (O&P) patient care services and products. The company operates as an ecosystem of diversified companies delivering complementary solutions to individuals and providers with O&P needs, and is organized in two business segments – Patient Care and Products & Services. Through its Patient Care segment, Hanger provides comprehensive, outcomes-based O&P services to individuals of all ages at more than 925 Hanger Clinic locations nationwide. Through its Products & Services segment, Hanger serves the broader O&P community and skilled nursing facilities through designing and distributing branded and private label O&P devices, products and components, and post-acute rehabilitative solutions. Rooted in clinical research, excellence, and innovation, Hanger is a purpose-driven company focused on empowering human potential.