Manager, Lease Audit

Panda Restaurant Group; Rosemead (CA); Hybrid; USD 113,000 - 158,000; Full time

Benefits offered by this job

Hybrid Work schedule

401K with company match

Yearly bonus

Medical, dental, and vision insurance

On-site fitness center

Discounts at Panda restaurants

Paid time off starting at 15 days

Education assistance

Income protection (Disability, Life, &

AD&D insurance

Bereavement leave

Job summary

Panda Restaurant Group is seeking a Manager, Lease Audit to lead and develop a high-performing lease auditing team. The role focuses on identifying savings, negotiating settlements, and delivering data-driven reports to Real Estate Legal and Real Estate Managers.

The position involves auditing, process improvement, and guiding the team to maximize recoveries while maintaining lease compliance across the portfolio.

Qualifications

• Bachelor’s degree in accounting, finance or real estate.
• Minimum five years of lease auditing experience.
• Experience with retail, corporate, or commercial lease agreements.

Responsibilities

• Performs a minimum of 200 desktop audits and 10-20 onsite audits of landlords’ books and records involving review of annual reconciliation of operating expenses.
• Communicates with landlords, Operations, and Legal departments to resolve audit findings and negotiate settlements as well as collection of overpayments uncovered during audits and secures financial recoveries.
• Gathers information pertaining to lease language, historical payments and prior invoices to build an audit package for external auditors.
• Reviews team’s audits for accuracy and identifies any additional savings opportunities. Ensures compliance with lease agreement.
• Leads, orients, and trains the Audit team on leasing and property management operations and coaches and develops team members to elevate their performance.

Skills

Team leadership

Negotiation

Data analysis

Project management

Education

Bachelor’s degree in accounting/finance/real estate

Tools

AMT Direct

Job description

Summary Of Job Description

The Manager, Lease Audit is responsible for leading, training, and developing a high-performing lease auditing team. This position creates and oversees projects that result in substantial savings for the company and creates processes and procedures that improve efficiency. The Manager, Lease Audit provides guidance to the team on how to strategically negotiate settlements and secure financial recoveries. This position oversees data analysis to identify trends and provides reports to the Real Estate Legal, Real Estate Managers and other relevant stakeholders.

Summary Of Job Description

The Manager, Lease Audit is responsible for leading, training, and developing a high-performing lease auditing team. This position creates and oversees projects that result in substantial savings for the company and creates processes and procedures that improve efficiency. The Manager, Lease Audit provides guidance to the team on how to strategically negotiate settlements and secure financial recoveries. This position oversees data analysis to identify trends and provides reports to the Real Estate Legal, Real Estate Managers and other relevant stakeholders.

Job Responsibilities

• Performs a minimum of 200 desktop audits and 10-20 onsite audits of landlords’ books and records involving review of annual reconciliation of operating expenses. Conducts expense analyses against lease terms and market rates to identify overcharges and ensures Panda has been accurately billed and results in substantial savings for the company.
• Communicates with landlords, Operations, and Legal departments to resolve audit findings and negotiate settlements as well as collection of overpayments uncovered during audits and secures financial recoveries.
• Gathers information pertaining to lease language, historical payments and prior invoices to build an audit package for external auditors. Reviews team’s audits for accuracy and identifies any additional savings opportunities. Ensures compliance with lease agreement.
• Prepares and reviews reports, analyzing data to provide clear and precise reports and direction to the Real Estate Legal, Real Estate Managers, and other departments
• Makes cost reduction recommendations to our business partners regarding audits issues, and identifies potential business issues related to project management.
• Leads, orients, and trains the Audit team on leasing and property management operations and coaches and develops team members to elevate their performance in support of achieving the company’s growth goals. Works with the Director on the selection, evaluation, and retention of Property Management staff.
• Provides strategic guidance to the team on negotiations to maximize financial recoveries and protect Panda’s interest.
• Establishes, maintains, and monitors adherence to the property’s record keeping system. Ensures maintenance and accuracy of the property management database (AMT Direct).
• Manages new store openings and prepares LTS’s for new stores and renewals accurately. Maintains the accuracy of the property management database (AMT Direct), which includes tracking critical dates, lease abstracts, and lease summaries.
• Provides Property Management assistance to Operators to help resolve issues.

How We Reward You

• Hybrid Work schedule
• 401K with company match
• Yearly bonus opportunity*
• Full medical, dental, and vision insurance *
• On-site fitness center, biometric screen, and flu shot clinic
• Discounts at Panda restaurants, theme parks, and gym memberships
• Paid time off starting at 15 days with 7 federal holidays*
• Continuous education assistance and scholarships*
• Income protection including Disability, Life and AD&D insurance*
• Bereavement leave*
• Benefits available for eligible permanent full time associates

Your Background & Experience

• Bachelor’s degree required, preferably in accounting, finance or real estate
• Minimum five years of lease auditing experience with increasing management responsibility, preferably in the hospitality industry
• Experience with retail, corporate, or commercial lease agreements
• Successful completion of initial and periodically required trainings.
• Obtaining a valid Food Handler's Card within 30 days of employment is a requirement of this position.

Pay Range: M2: $112,500 - $158,000 / Annual

• Within the range, individual pay is determined using various factors, including work location and experience.

Panda Strong Since 1983

Founded in Glendale, California, we are now the largest family-owned American Chinese Restaurant concept in America. With close to 2,800 locations globally, we continue our mission of delivering exceptional Asian dining experiences by building an organization where people are inspired to better their lives. Whether it’s impacting our team or the communities we work in, we’re proud to be an organization that embraces family values.

You’re Wanted Here

Panda Restaurant Group, Inc. is an Equal Opportunity Employer and is committed to providing equal opportunity, and does not discriminate on the basis of any characteristic protected by law, including but not limited to sex/gender (including pregnancy, childbirth, lactation and related conditions), gender expression, race, color, religion, national origin, sexual orientation, gender identity, disability, age, ancestry, medical condition, genetic information, marital status, and veteran status. Additionally, Panda Restaurant Group, Inc. complies with all federal, state, and local laws regarding requests for workplace accommodation. The Americans with Disabilities Act (ADA) prohibits discrimination against qualified individuals on the basis of disability. Applicants are entitled to reasonable accommodations, absent undue hardship, to effectively participate in the application and hiring process, for example, sign language interpreters. If you believe you require an accommodation for the application or interview process or for the position for which you are applying, please reach out to [e-mail].