Lease Administrator

Trader Joe's; Monrovia (CA); On-site; USD 65,000 - 85,000; Full time

Job summary

Trader Joe's in Monrovia, CA is seeking an experienced Lease Administrator to manage rent, CAM/Tax, and landlord communications for 200+ locations. The role requires 3–5 years in multi-unit lease administration, a Bachelor's degree or equivalent, and proficiency in Tango or Projectmates; in-office five days a week.

Strong analytical, organizational, and communication skills are essential to prioritize tasks in a fast-paced retail real estate environment.

Qualifications

• Bachelor's degree required or equivalent work experience in a multi-unit real estate/property management environment.
• Minimum 3 to 5 years of experience in lease administration for a multi-unit tenant.
• Proficient in reviewing and interpreting lease documents.
• Excellent analytical and organizational skills with strong attention to detail.
• Ability to prioritize, multitask, and maintain flexibility in a fast-paced environment.
• Effective communication and interpersonal skills.
• Excellent computer skills, proficient in Microsoft Office applications.
• Projectmates / Tango lease database software experience is highly desired.

Responsibilities

• Reviewing and processing all invoices, including rent and annual CAM/Tax/Insurance budgets and reconciliations.
• Abstracting, interpreting, and summarizing retail and warehouse leases while inputting them into Tango, our lease management system, and maintaining all lease documentation.
• Respond to all landlord billing/lease inquiries and correspondence.
• Assist in the insurance administration process associated with lease requirements
• Calculate and process monthly percentage rent payments.
• Collect subtenant rent and bill for CAM reimbursements as required by leases.
• Complete special projects as required.
• Assist in preparing waivers, SNDAs, estoppels, and amendments.
• Obtain landlord approvals for remodels and special projects
• Respond to internal requests for lease interpretations

Skills

Analytical

Organizational skills

Communication skills

Multitasking

Microsoft Office

Education

Bachelor's degree

Tools

Tango

Projectmates

Job description

Who are we?

Trader Joe's is your favorite neighborhood grocery store! With over 630 stores nationwide (and growing), we are the place to be. Looking for something delicious and a friendly conversation? At Trader Joe's, you can find both. We love being your first and favorite place to shop.

What do we do?

Like shopping at Trader Joe's? Then, maybe you'll love working with us. We are looking for an experienced Lease Administrator who is looking to do what they'll love - retail and commercial real estate! Do you have experience in lease administration and property management? Do you love food? If so, read on! We may have the role of a lifetime for you!

Trader Joe's is unlike any place you've ever worked. Trust us on that. The qualified individual has at least 3 years of lease administration experience and is a raving fan of the Trader Joe's concept. A Bachelor's Degree is strongly preferred. This role is based in our office in Monrovia, CA, and we have an in-office expectation of 5 days a week.

The Lease Administrator is the primary internal and landlord liaison for the management of over 200 leased store locations and warehouses.

The Lease Administrator is responsible for:

• Reviewing and processing all invoices, including rent and annual CAM/Tax/Insurance budgets and reconciliations.
• Abstracting, interpreting, and summarizing retail and warehouse leases while inputting them into Tango, our lease management system, and maintaining all lease documentation.
• Respond to all landlord billing/lease inquires and correspondence.
• Assist in the insurance administration process associated with lease requirements
• Calculate and process monthly percentage rent payments.
• Collect subtenant rent and bill for CAM reimbursements as required by leases.
• Complete special projects as required.
• Assist in preparing waivers, SNDAs, estoppels, and amendments.
• Obtain landlord approvals for remodels and special projects
• Respond to internal requests for lease interpretations

The Lease Administrator has:

• Bachelor's degree required or equivalent work experience in a multi-unit real estate/property management environment.
• Minimum 3 to 5 years of experience in lease administration for a multi-unit tenant.
• Proficient in reviewing and interpreting lease documents.
• Excellent analytical and organizational skills with strong attention to detail.
• Ability to prioritize, multitask, and maintain flexibility in a fast-paced environment.
• Effective communication and interpersonal skills.
• Excellent computer skills, proficient in Microsoft Office applications.
• Projectmates /Tango lease database software experience is highly desired.

Trader Joe's is an equal opportunity employer and is committed to hiring a diverse Crew.