The Market Lease Analyst is directly responsible for the oversight of the lease execution, and review process for assigned market. Additionally, this individual will provide reporting and analytical support to the Regional Finance, Corporate Finance and Leasing teams.
As the Market Lease Analyst, one is held accountable to, however not limited to, the following job functions:
Reviews the lease submission package, including the lease documents, to confirm proper documentation. Then audits lease abstraction in accounting system.
Prepares NPV calculations and compares against approved budget for each deal.
Enters and maintains lease economic terms in Real Logic pipeline database.
Calculates lease commissions, including those for exclusive brokers, tenant representatives, JV Partners and employees. Obtains all necessary approvals and forwards with lease package to Corporate Lease Admin for processing, including Lender approvals.
Coordinates with property staff to ensure all lease abstracts are reviewed before being sent to Centralized Lease Admin team for processing, storage and scanning.
Track and prepare commencement letters as new units commence.
Track receipt of security deposit or letter of credits and monitor receipt of renewal letter of credit.
Coordinates with Regional Finance Team to determine appropriate Lease Forecasting action.
Provides support to the Regional Finance Team during the annual Budgeting and monthly Forecasting processes including Variance Reporting, Trend Analysis, and miscellaneous reporting.
Provides support to Leasing Teams through Tenant credit analysis and lease analysis
Provides Accounts Receivable support to the Property Management Teams including researching outstanding balances, preparing backup documentation, and contacting Tenants.
Provides lease interpretation support to the AR and Lease Administrations teams.
Provides reporting and analytical support to the Regional Finance team and Senior Leadership teams as requested.
Serves as a resource for extracting information from MRI Accounting system for other market and property personnel.
Update segregated cash flow models for revenue, expenses and cap-ex assumptions for Treasury group
Bachelor’s Degree in business or related field
Excellent oral and written communication skills are required as is the ability to interact with all levels of the organization
Must be detail oriented and have strong analytical and technical skills
Experience with a real estate accounting/management system