Job title: Supervisor, Lease Administration (Remote)
Company: Designer Brands
Job description: We are seeking a highly skilled Supervisor, Lease Administration that will possess strong expertise in lease accounting, particularly in compliance with ASC 842 standards, as well as proficiency in abstracting and interpreting lease agreements. The role requires previous hands-on experience in auditing lease-related invoices and effective communication with landlords, internal business partners, and external vendors. Additionally, the supervisor will be responsible for managing a team, ensuring efficient operations within the lease administration department. The lease administration department is responsible for reconciling and processing payments for additional rent for our retail stores through reconciling accounts with outstanding balances and ensuring amounts billed are owed in accordance with the terms of the lease. This process includes desktop audits of all Occupancy expenses charged by the Landlord to ensure compliance with the lease by interpreting complex commercial lease language, attending to details, and charging back to the Landlords for expenses not owed. We are open to remote based candidates for this position, however due to the collaborative nature of this role, candidates based in Eastern/Central time zones are preferred.Reports To: Manager, Property AccountingEssential Duties and Responsibilities:
- Ensures accurate and timely recording of all lease-related obligations, including base rent increases, percentage rent, operating expense (CAM), real estate tax and insurance, and accounts payables
- Ability to understand and interpret complex commercial lease terminology (base rent, operating expenses, commencement date, rent commencement date, real estate tax, insurance obligations, etc.)
- Leads the implementation of the internal lease administration department workflow and business operations, including evaluating systems, documenting processes and procedures, implement SOX controls, and coordinate and implement updates to lease data
- Continuously evaluate and enhance lease administration processes to optimize efficiency and accuracy
- Maintain regular communication with landlords, legal, real estate, and external stakeholders to address lease-related issues and negotiate terms.
- Lead and supervise a team of lease administrators, providing guidance, support, and training as necessary.
- Assesses new or modified accounting systems
- Must have an in-depth understanding of accounting principles related to 842 lease accounting when interpreting key lease components
- Perform detail reviews of complex lease agreements to extract critical financial and non-financial information to identify problematic lease terms and escalate when necessary
- Review and conduct thorough audits of lease-related invoices to verify accuracy and adherence to contractual terms.
- Ensure compliance with lease terms, regulatory requirements, and internal policies.
- Demonstrate high level of systems knowledge with an ability to understand information from multiple systems (Lucernex, Oracle, Cloud Suite Financials, etc.) and will possess the analytical skills to match data between systems
- Generate reports and provide insights into lease portfolio performance, financial obligations, and upcoming lease expirations.
- Supports other responsibilities assigned as needed for financial close and reporting, including receivable billings
- Required to present management recommendations based on analytical data to key stakeholders throughout the business
Required Skills:
- Strong analytical and organizational skills
- Present excellent leadership, communication, organization, and analytical skills
- Ability to interact and drive change across multiple areas, as well as multi-task several projects and initiatives in a changing environment
- Ability to identify inefficiencies, recommend, and implement solutions to improve operations
- Ability to work well in a team environment as well as work independently
- Ability to work under moderate supervision to determine and develop approaches and solutions to complex problems
- Detail-oriented
- Advanced level skill in Microsoft Excel
Competencies:Strategic Thinking – Creates and effectively communicates long term vision. Keeps team’s work aligned to strategy. Creates and adjusts plans. Understands big picture to constructively challenge the status quo. Generates new ideas. Encourages innovation. Manages change effectively. Knows internal strengths and weaknesses.Leading & Motivating – Models and supports DSW values. Assesses, identifies, retains and develops talent. Builds complementary teams. Motivates, supports and challenges associates. Resolves conflict. Makes tough decisions. Provides timely feedback. Works with and through others to exceed expectations of customers (internal/external)Managing for Results – Produces sustainable results consistently. Holds team accountable. Recognizes and resolves complex problems. Understands underlying issues and addresses root causes. Measures, analyzes quantitative information and presents it effectively. Seeks input from others. Makes timely decisions.Qualifications:Experience:
- 5+ years of experience in retail lease audit or commercial retail shopping center property management
- Previous experience with people management
- Familiarity with Real Estate and/or Real Estate transaction experience
- Proficiency in analyzing Real Estate leases and interpreting lease terminology
Preferred Qualifications:
- Retail experience a plus
- Previous Lease Administration system (ex: Lucernex, etc.) experience preferred
- Prior experience with Oracle Cloud ERP
Education:
- Bachelor’s Degree in Finance, Accounting, or other business-related degree; MBA a plus
#LI-RemoteALREADY AN ASSOCIATE?You must apply through our internal portal:Why Choose A Career with Designer Brands?Empowering associates and building strong teams poised to disrupt the retail and footwear landscape through positive change is at the core of who we are at Designer Brands.
- Invested in helping our associates learn, develop, achieve and grow into strong leaders
- Shared commitment to creating a culture fueled by engagement, excitement, optimism and fun
- Dedicated to giving back and community involvement
About Designer Brands:Designer Brands Inc. is one of North America’s largest designers, producers and retailers of footwear and accessories.
- Designer Brands Inc. operates a portfolio of retail concepts in more than 640 locations under the DSW Designer Shoe Warehouse and the shoe co. brands.
- Designer Brands designs and produces footwear and accessories through Camuto Group, a leading manufacturer selling in more than 6,400 stores worldwide.
IMPORTANT NOTICE:We learned of a fake job offer scam where individuals are using a company’s name and branding to create emails and websites designed to trick individuals into providing personal information because they think they are applying for a job directly with the company. To combat this, companies are listing their legitimate hiring sites and communication methods. Our valid email addresses end in @dswinc.com, @designerbrands.com and @camutogroup.com. Two examples of non-legitimate email addresses are ones that end in @designerbrands.info or @designerbrands.work (do not respond to interview requests or other messages from these). If you are not certain about a communication or an information request, a good practice is to independently look-up a contact for the company (do not use the contact method listed in the request) to verify that you are contacting the right person and not being deceived. If you want to verify a Designer Brands’ related hiring request, please send a message to TalentAcquisition@hr.designerbrands.com. Please know we are working to do what we can to stop these scams.
Expected salary:
Location: Columbus, OH
Job date: Sun, 04 Aug 2024 06:18:12 GMT
Apply for the job now!
