Lease Administrator - New York - Rainbow Stores

    Rainbow Stores
    Rainbow Stores New York

    6 days ago

    Default job background
    Full time
    Description

    Job Title

    Rainbow USA Inc. is a rapidly growing specialty apparel chain catering to 14-49 year olds. With headquarters in Brooklyn, NY and a history dating back to 1935, the company is a fashion leader.

    Position Overview

    The Lease Administration Specialist plays a crucial role in managing lease terms and conditions. Key responsibilities include verifying and abstracting lease documents, performing accounting functions related to lease obligations, and maintaining accurate records.

    Key Responsibilities:

    • Verify and update internal databases with lease documents for existing and new stores
    • Process monthly rental payments, annual reconciliations, and other expenses while ensuring timely accrual of unpaid invoices and allocation of prepaid expenses
    • Interpret lease provisions to ensure compliance with rental payment terms
    • Maintain accurate lease tracking database and monitor leases for rent commencement, operating expense changes, ownership changes, and lease terminations
    • Process legal notices and payments related to leases, manage day-to-day landlord relationships, and address sales reporting and maintenance issues
    • Draft lease correspondence and notices to resolve landlord/tenant issues and oversee co-tenancy requirements
    • Participate in special projects as assigned by the manager and provide backup support for fellow Lease Administrators as needed

    Requirements:

    To be successful in this role, candidates should possess a Bachelor's degree or significant related experience. A minimum of 3 years of work experience in Lease Administration, Real Estate, Accounting, Real Estate Law, Property Management, or a related field is required.

    Candidates must have developed ability to interpret lease provisions, attention to detail, strong interpersonal skills, and excellent oral and written communication skills. Ability to work independently, prioritize tasks, take initiative, and use sound judgment are essential for this position.

    Company Overview

    Rainbow USA Inc. offers competitive pay with opportunities for benefits and growth within the company.

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