NNN REIT, Inc. · 9 hours ago
Sr. Lease Compliance Admin
Orlando, FL
Full-time
Onsite
Mid, Senior Level
2+ years expNNN REIT, Inc. is seeking a Sr. Lease Compliance Admin who will be responsible for the complete and accurate abstracting and set-up of property, lease and loan documents for the company's property portfolio. The role includes monitoring tenant compliance, managing rent payments, and performing real estate tax reconciliations and CAM reconciliations as assigned.
Real Estate
Responsibilities
Review of documentation including, but not limited to Lease Agreements/Amendments/Assignments, Loan Agreements, Development Agreements, Closing Statements, Appraisals, Environmental Reports, Commitment Letters, etc
Abstract, set-up and maintain property, lease and loan information in various systems
Responsible for the billing and receipt of rent and other payments due under the terms of the lease and assist with the collection of past due receivables
Prepare and send various communications to tenants, including monthly rent reminder letters and default notices as required
Review and assist with procuring data as required by lease agreements:
Sales and financial information
Certificates of insurance
Responsible for various facets of rent escalations for NNN’s tenants, as assigned:
Prepare and/or review CPI increase calculations and billings
Process sales figures, percentage rent calculations and billings
Responsible for real estate tax reconciliations, as assigned:
Working closely with NNN’s tenants and NNN’s 3rd party service provider ensuring timely payment
Quarterly budgeting, as well as the ongoing budget vs. actual performance
Responsible for Common Area Maintenance (CAM) reconciliations, as assigned:
Prepare with appropriate documentation as required by the lease agreement
Prepare, analyze and process 3rd party CAM reconciliations
Work closely with other departments:
Accounting: lease billings, sales tax, accounts receivable and collection matters, quarterly budgeting for property level income, and other lease matters as necessary
Legal
Asset Management
Maintain and update lease compliance procedures, guidelines and controls manual, as necessary
Assist with periodic reporting and projects as needed
Qualification
Required
Bachelor's degree from an accredited college or university and two plus years related experience; or Associate degree from an accredited college or university and four plus years related experience; or equivalent combination of education and experience
Preferred
Experience with Oracle E-Business Suite (A/R and Property Manager)
Microsoft Office Suite
Power BI
Ryan PROPERTYPOINT™
CertFocus Vertikal
Company
NNN REIT, Inc.
NNN REIT (NYSE: NNN), a real estate investment trust, owns more than 3,600 single-tenant stores in 50 states leased to approximately 400 retailers in 35 lines of trade.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Jay Whitehurst
CEO
Michelle Miller
Chief Accounting Officer
Company data provided by crunchbase