Senior Lease Auditor

Overview

This role is part of the Lease Administration/Audit team and focuses on performing lease audits and pre-audit reviews related to OPEX, CAM, RET, Insurance and Utilities.

The position is a remote working arrangement out of various locations listed.

The employer is creating a talent pipeline for anticipated vacancies, and applications will be accepted on an ongoing basis.

Responsibilities

• Conduct pre-audit reviews of annual expense reconciliations to ensure accuracy and compliance with lease terms (including CAM, operating expenses, real estate taxes, insurance, utilities, maintenance/repair, capital expenditures, etc.).
• Interpret commercial lease language and apply lease concepts such as Proportionate Share(s), Management and Administrative fees, Base Years, Gross up provisions, CAP’s, amortization of capital expenditures, GLA, GLOA, Co-Tenancy, and other lease provisions.
• Review and analyze expense charges using standardized checklists and year over year variance worksheets.
• Review landlord-provided information such as General Ledgers, Real Estate Tax bills, Insurance premiums/declaration pages, utility invoices, amortization schedules, and monthly estimates/impounds.
• Communicate effectively and sensitively with landlord representatives to request supporting documentation, manage dialogue during charge disputes, and follow up in a timely manner until open audit/dispute resolution is completed to the satisfaction of the client.
• Prepare final audit analysis and clearly articulate the Summary of Findings for each audit performed.
• Prepare savings/recovery invoices for accounting billing clients as appropriate per contracts.
• Maintain audit files/records, including tracking audits in process, status, dates, landlord communications, outstanding matters, and closed audits.
• Provide regular reporting of audit status to internal management.
• Interface with landlord stakeholders on complex audit/lease issues (Landlord, Owner, Manager, Accountant, Legal, Risk, etc.).
• Work with Lease Analysts assigned to client accounts and, when needed, communicate directly with clients on audit status, findings, and recommended next steps.
• Support quality control by completing quality reviews of Lease Auditor work and assisting with disputes not addressed.
• Learn and help reconcile client accounts for payments made related to OPEX, CAM, and Tax.
• Work with internal international teams on joint audits.
• Research tax websites for GIS/parcel maps and communicate with taxing authorities for additional information needed for review.

Requirements

• Entry level skills in all areas of managing and performing lease audits related to OPEX, CAM, RET, Insurance and Utilities.
• Associate or bachelor’s degree in business, accounting, real estate, or similar field preferred.
• Detailed orientation with strong organizational, interpersonal, and communications skills.
• Ability to work calmly in high-pressure situations, multi-task, and process a high number of pre-audits annually.
• Strong knowledge and understanding of the idiosyncrasy of different lease types (commercial, retail, medical, industrial).
• Basic understanding of Stark Laws as it relates to medical clients.
• Ability to work with lease audit processes across lease types (including NNN and Base Year).
• Ability to research and interpret lease provisions and charged expenses; maintain the integrity of the tenant-landlord relationship, including in dispute situations.

Preferred Qualifications

• Working experience with commercial real estate database applications such as ProLease, Harbor Flex, or CoStar, and accounting software such as MRI or Yardi or other lease management database systems helpful.
• At least 5 years of relevant experience in the commercial real estate lease administration industry and/or paralegal, accounting, or property management fields having worked in either (or both) the landlord or tenant sector.
• Comfort overseeing maintenance of account processes and playbooks in coordination with an Operations Director.

Compensation & Benefits

Approximate Compensation Range for Role: $85,954 to $93,501

Compensation ranges are determined by role, level, and location; the range displayed reflects the minimum and maximum target for new hire salaries for the position across all US locations. Individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.

Benefits include:

• Employer-subsidized medical options (RX, dental, vision)
• Employer-paid basic life/AD&D insurance and short-term/long-term disability
• 401k plan with employer match
• 10 days of sick leave and a minimum of 15 days of vacation annually
• Certain senior-level roles are eligible for unlimited time off
• 10 paid holidays plus two personal flex days
• Paid parental leave: 12 weeks (for birth parents) and 4 weeks (for non-birth parents, including adoptive/foster parents) after successful completion of 90 days of employment
• Additional benefits may be available under applicable state law

Location

• Remote working arrangement out of various locations listed.

Work Authorization & Application Information

• Applicants must be currently authorized to work in the United States on a full-time basis.
• The employer will not sponsor applicants for work visas.
• Direct applicants only; no agencies.
• Applications will be accepted on an ongoing basis.

Equal Opportunity

The employer is an equal opportunity employer and does not discriminate based on any actual or perceived membership in protected categories. Reasonable accommodations are available for qualified applicants who require assistance completing the application or participating in the hiring process.