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Analyst, Lease Administration

Five Below
Philadelphia, United Statesfull_timeVerifiedPosted 22 Jul 2024

About the role

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 17,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

QUALIFICATIONS: 

  • Bachelor’s degree from four-year College or University or relevant work experience 

  • Excellent mathematical skills with ability to calculate figures such as rent, percentage rent and rent adjustments 

  • Minimum 2 years Lease administration and/or commercial property management experience required 

  • Ability to read and interpret lease language 

  • Proficient in Microsoft office; Advanced knowledge of MS Excel 

  • Ability to prioritize and manage multiple project tasks within a fast-paced, dynamic work environment 

  • Ability to maintain accuracy and pay close attention to detail while performing repetitive tasks 

  • Capable of trouble-shooting issues with logic and ease 

  • Ability to communicate effectively and professionally with cross-functional teams  

JOB RESPONSIBILITIES: 

  • Analyze/audit monthly landlord rent statements, reconcile account variances and resolve disputes on outstanding balances with landlords (landlord utilities, % rent and monthly statements) 

  • Analyze lease terms to confirm accuracy/validity of all landlord invoices  

  • Prepare monthly and weekly rent files for processing 

  • Maintain and update landlord contact information and lease required notice addresses in the lease management system (Tririga) 

  • Perform desk audits of annual expense reconciliations (CAM, Tax, Ins, etc.) from landlord by analyzing the appropriate lease clauses to confirm acceptable charges, scrutinizing the supporting documentation provided by landlords detailing the expenses charged to tenant, confirming landlord pro rata calculations are accurate and confirming tenant’s previous payments have been captured correctly in the landlord’s ledger  

  • Work with outside auditors to supply required information for expense audits 

  • Identify and promote changes to lease language which are detrimental to tenant financially or may be in conflict with other sections of the lease, which will allow for easier lease management 

  • Work closely with landlords to reconcile accounts by analyzing the landlord’s ledger, identifying incorrect billings and/or misapplications of prior payments, maintaining

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Company

Five Below

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