Senior Lease Administrator

Compass; Chicago (IL); On-site; USD 70,000 - 100,000; Full time

Job summary

A leading company in the real estate sector is seeking a Senior Lease Administrator in Chicago. This on-site role involves overseeing lease administration functions, conducting audits, and ensuring compliance with company standards. The ideal candidate will have significant experience in lease administration and strong analytical skills. The position offers a competitive salary and a comprehensive benefits package, including participation in incentive programs and various health benefits.

Benefits

Paid Vacation

Medical Benefits

401(k) Plan

Pet Insurance

Qualifications

• 5+ years of relevant lease administration experience.
• Strong knowledge of Corporate Real Estate and Lease Administration.

Responsibilities

• Manage preparation of monthly rent roll in accordance with lease provisions.
• Communicate with Landlords regarding lease payments and charges.
• Perform audits for corporate leases and recommend actions.

Skills

Organizational Skills

Judgment

Analytical Skills

Education

College Degree

Tools

Microsoft Office

Google Products

Job description

At Compass, our mission is to help everyone find their place in the world. Founded in 2012, we’re revolutionizing the real estate industry with our end-to-end platform that empowers residential real estate agents to deliver exceptional service to seller and buyer clients.

The Senior Lease Administrator at Compass is a key member of the Lease Administration team and is responsible for conducting invoice review and reconciliations for Compass’s lease portfolio to ensure that operating expenses align with lease terms. This role involves overseeing lease administration functions, including real estate portfolio administration, database management, and audit services, while working with the broader Lease Administration team to ensure accuracy and compliance with Compass's business standards.

**This is a 100% on-site role in Chicago (Lincoln Park)***

Responsibilities

• Manage preparation of monthly rent roll in accordance with lease provisions
• Compare and evaluate operating expense and tax reconciliation statements for Compass’s lease portfolio
• Communicate with Landlords regarding lease payments and charges
• Perform full-scope desktop and annual audits for corporate leases and recommend actions for audit recovery.
• Prepare reports of findings and ensure accurate credits and charges are recorded.
• Act as team lead overseeing the preparation of CAM reconciliations for accuracy and adherence to Compass standards.
• Create training procedures for operating expense reconciliation and tenant recovery preparation.
• Coach others and share in-depth knowledge of job discipline and related functions.

Qualifications

• College Degree with 5+ years of relevant leas administration experience
• Experience with United States lease practices, terms and conditions, customs and practices.
• Strong knowledge of Corporate Real Estate and Lease Administration
• Ability to exercise judgment based on analysis of multiple information sources.
• Willingness to take a new perspective on existing solutions.
• In-depth knowledge of Microsoft Office and Google products, including Word and Excel.
• Strong organizational skills with an advanced inquisitive mindset.

Compensation: The base pay range for this position is $70,000-$100,000 annually; however, base pay offered may vary depending on job-related knowledge, skills, and experience. Bonuses and restricted stock units may be provided as part of the compensation package, in addition to a full range of benefits. Base pay is based on market location. Minimum wage for the position will always be met.

Perks that You Need to Know About:

Participation in our incentive programs (which may include eligible cash, equity, or commissions). Plus paid vacation, holidays, sick time, parental leave, and recharge leave; medical, tele-health, dental and vision benefits; 401(k) plan; flexible spending accounts (FSAs); commuter program; life and disability insurance; Maven (a support system for new parents); Carrot (fertility benefits); UrbanSitter (caregiver referral network); Employee Assistance Program; and pet insurance.

Do your best work, be your authentic self.

At Compass, we believe that everyone deserves to find their place in the world — a place where they feel like they belong, where they can be their authentic selves, where they can thrive. Our collaborative, energetic culture is grounded in our Compass Entrepreneurship Principles and our commitment to diversity, equity, inclusion, growth and mobility. As an equal opportunity employer, we offer competitive compensation packages, robust benefits and professional growth opportunities aimed at helping to improve our employees' lives and careers.