Senior Lease Administration Specialist

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Stream Realty Partners

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1996

🏗️ Construction

🏥 Healthcare

📦 Logistics

Construction • Healthcare • Logistics

Stream Realty Partners is a national commercial real estate firm that provides an array of integrated services to its clients. With a presence in major markets across the United States, including Atlanta, Austin, Chicago, Dallas, and Washington D. C. , the company offers comprehensive services such as property management, landlord and tenant representation, capital markets and investment management, workplace strategy, and development services. Stream Realty Partners excels in various property types including office, industrial, retail, land, and healthcare services. The company is dedicated to understanding the unique goals of their clients and delivering value through innovative solutions and industry-leading insights. Their approach combines energetic market strategies with a commitment to developing strong client relationships.

📋 Description

• Serve as a senior subject matter expert for lease administration setup within the accounting system for commercial retail, industrial, and office assets. • Review complex lease data provided by Property Managers and confirm accounting system setup aligns with approved lease abstracts, supporting documentation, and established best practices. • Provide advanced guidance to Property Managers, Property Accountants, and Lease Administration team members on lease setup, billing setup, recovery structures, and accounting system lease administration questions. • Develop, document, and reinforce accounting system lease administration standards, templates, and best practices across the Property Accounting platform. • Oversee accuracy of accounting system data related to renewals, expirations, rent commencements, options, notice periods, amendments, and other lease-driven dates. • Evaluate proper system administration of free rent periods, abatements, tenant improvements, lease incentives, recovery caps, exclusions, gross-ups, and other complex billing-related lease provisions. • Review complex CAM reconciliations prepared by Property Managers to evaluate accuracy, lease compliance, billing methodology, and recovery opportunities. • Analyze operating expense recoveries, billing pools, caps, exclusions, gross-ups, audit rights, lease amendments, and lease-specific recovery language to identify opportunities to increase recoveries. • Lead practical training and provide advanced guidance to Property Accountants and Lease Administration team members to perform lease administration activities with confidence. • Mentor team members and support consistent execution of lease setup, billing, recovery, and CAM reconciliation processes.

🎯 Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, Real Estate, or a related field preferred. • 7+ years of lease administration, property accounting, commercial real estate, or property management accounting experience preferred. • Advanced working knowledge of Yardi Voyager and MRI property management software required. • Strong understanding of commercial lease structures, terminology, lease interpretation, tenant billing, recovery provisions, amendments, caps, exclusions, gross-ups, and complex recovery language. • Significant experience reviewing and analyzing CAM reconciliations, operating expense recoveries, estimated billings, and tenant billing setup. • Ability to identify recovery opportunities, evaluate complex lease and billing issues, and communicate practical recommendations to Property Managers, Property Accountants, and leadership. • Proficiency in Microsoft Excel and the broader Microsoft Office suite, including the ability to analyze large sets of lease, billing, and recovery data. • Highly detail-oriented, organized, analytical, and solutions-oriented, with strong judgment and problem-solving skills. • Excellent written and verbal communication skills, with the ability to train, mentor, and support Property Managers, Property Accountants, and Lease Administration team members. • Ability to manage multiple priorities, resolve escalated issues, and meet deadlines in a fast-paced, deadline-driven environment. • Third-party property management or property accounting experience preferred. • Industry designations or coursework such as RPA, FMA, CPM, or commercial real estate lease administration training a plus.

🏖️ Benefits

• competitive salaries • bonuses • medical/dental/vision insurance • pharmacy benefits • health savings account • flexible spending accounts • 401(k) plan with company matching • PTO • holiday pay