Lease Administrator (Retail) - American Dream
East Rutherford, NJ
About the Job
Lease Administrator (Retail)
American Dream, 1 Meadowlands Plaza, East Rutherford, New Jersey, United States of America
Req #860
Thursday, November 7, 2024
American Dream (https://www.americandream.com/) , developed by Triple Five Group, is an unparalleled mix of world-class entertainment, retail, and dining, comprising more than 3 million square feet just minutes away from New York City in East Rutherford, New Jersey. American Dream (https://www.americandream.com/) is home to leading attractions, including DreamWorks Water Park (https://www.americandream.com/venue/dreamworks-water-park) , Nickelodeon Universe Theme Park (https://www.americandream.com/venue/nickelodeon-universe) , LEGOLAND Discovery Center (https://www.americandream.com/venue/legolanddiscoverycenter) , SEA LIFE Aquarium, (https://www.americandream.com/venue/sealifeaquarium) Big SNOW Ski Hill (https://www.americandream.com/venue/big-snow) , Dream Wheel (https://www.americandream.com/venue/dreamwheel) – a 300-foot observation wheel overlook the NYC skyline, as well as attractions debuting soon such as The Game Room Powered by Hasbro and Skip Barber Racing Go-Kart Academy. American Dream’s immersive luxury shopping and dining experience – The Avenue – features Saks Fifth Avenue, Hermès, Saint Laurent, Dolce & Gabbana, Carpaccio, a fine-dining Italian restaurant, and much more. The retail collection is further expanded with flagship locations for Aritzia, H&M, PRIMARK, Uniqlo, Sephora and Zara; as well as the Toys R Us global flagship, the only standalone location in the U.S, and the world’s first and only “candy department store,” IT’SUGAR.
For more information on American Dream, visit www.americandream.com or find us on Instagram @americandream (http://www.instagram.com/americandream) and TikTok @americandream_official (https://www.tiktok.com/@americandream_official) .
Key Objective(s) :
+ The Lease Administrator is responsible for tenant account administration services and operation, accounts receivable, database management, reporting and audit services.
Primary Responsibilities:
+ Reviewing lease abstracts through careful review of tenant lease documentation and updating MRI in a timely manner.
+ Post daily rent receivables, prepaid rents and rent adjustments.
+ Record security deposits, refunds, move-out adjustments, and tenant write-offs.
+ Collect and review gross sales reports and percentage rent calculation.
+ Maintain accuracy of tenant ledgers, rent roll and expiration schedules.
+ Identify and monitor lease options and critical dates such as renewals, terminations, and lease expirations.
+ Implement and coordinate lease processes with property management including lease execution, landlord work, delivery of possession, tenant work, rent commencement, security deposits, move-outs etc.
+ Create various MRI ad-hoc reports in a timely and accurate manner.
+ Calculate reimbursable expenses, additional expenses and generate monthly invoices.
+ Reconcile and process recurring and one-time payments, rent roll changes, CPI or percentage rent adjustments, late fees and end-of-year reporting.
+ Track expiration dates and notice provisions (i.e., turnovers, rent starts, defaults, evictions).
+ Research and interpret tenant accounts and discuss any inquiries with internal and external parties.
+ Establish and maintain a strong relationship with Tenants and resolve tenant matters.
Desired Qualifications:
+ Bachelor's degree in accounting
+ 2+ years accounting experience, real estate accounting a plus
+ Knowledge of all aspects of AP/AR and journal entries
+ 2 or more years of work-related experience in accounting
+ Knowledge of accounting principles and general ledger account reconciliation
+ Excellent verbal and written communication skills
+ Ability to multi-task
+ Team player, detail oriented, well organized, efficient, and accurate
+ Support other staff as needed and share office duties
+ Proficient in Microsoft Excel, Outlook and Word required
+ Knowledge of Timberline or MRI accounting system a plus
Physical Job Requirements :
+ Sit-Frequently
+ Perform repetitive motion such as using a keyboard-Frequently
+ Stand/move about- Infrequently
+ Reach at or above shoulder level- Infrequently
American Dream is an equal-opportunity employer and is committed to providing a workplace free from harassment or discrimination. All employment decisions are to be made without regard to race, color, age, gender, sexual orientation, religion, marital status, pregnancy, national origin/ancestry, citizenship, physical/mental disability, military status, or any other basis prohibited by law.
Other details
+ Job Family AD
+ Pay Type Salary
+ American Dream, 1 Meadowlands Plaza, East Rutherford, New Jersey, United States of America
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American Dream, 1 Meadowlands Plaza, East Rutherford, New Jersey, United States of America
Req #860
Thursday, November 7, 2024
American Dream (https://www.americandream.com/) , developed by Triple Five Group, is an unparalleled mix of world-class entertainment, retail, and dining, comprising more than 3 million square feet just minutes away from New York City in East Rutherford, New Jersey. American Dream (https://www.americandream.com/) is home to leading attractions, including DreamWorks Water Park (https://www.americandream.com/venue/dreamworks-water-park) , Nickelodeon Universe Theme Park (https://www.americandream.com/venue/nickelodeon-universe) , LEGOLAND Discovery Center (https://www.americandream.com/venue/legolanddiscoverycenter) , SEA LIFE Aquarium, (https://www.americandream.com/venue/sealifeaquarium) Big SNOW Ski Hill (https://www.americandream.com/venue/big-snow) , Dream Wheel (https://www.americandream.com/venue/dreamwheel) – a 300-foot observation wheel overlook the NYC skyline, as well as attractions debuting soon such as The Game Room Powered by Hasbro and Skip Barber Racing Go-Kart Academy. American Dream’s immersive luxury shopping and dining experience – The Avenue – features Saks Fifth Avenue, Hermès, Saint Laurent, Dolce & Gabbana, Carpaccio, a fine-dining Italian restaurant, and much more. The retail collection is further expanded with flagship locations for Aritzia, H&M, PRIMARK, Uniqlo, Sephora and Zara; as well as the Toys R Us global flagship, the only standalone location in the U.S, and the world’s first and only “candy department store,” IT’SUGAR.
For more information on American Dream, visit www.americandream.com or find us on Instagram @americandream (http://www.instagram.com/americandream) and TikTok @americandream_official (https://www.tiktok.com/@americandream_official) .
Key Objective(s) :
+ The Lease Administrator is responsible for tenant account administration services and operation, accounts receivable, database management, reporting and audit services.
Primary Responsibilities:
+ Reviewing lease abstracts through careful review of tenant lease documentation and updating MRI in a timely manner.
+ Post daily rent receivables, prepaid rents and rent adjustments.
+ Record security deposits, refunds, move-out adjustments, and tenant write-offs.
+ Collect and review gross sales reports and percentage rent calculation.
+ Maintain accuracy of tenant ledgers, rent roll and expiration schedules.
+ Identify and monitor lease options and critical dates such as renewals, terminations, and lease expirations.
+ Implement and coordinate lease processes with property management including lease execution, landlord work, delivery of possession, tenant work, rent commencement, security deposits, move-outs etc.
+ Create various MRI ad-hoc reports in a timely and accurate manner.
+ Calculate reimbursable expenses, additional expenses and generate monthly invoices.
+ Reconcile and process recurring and one-time payments, rent roll changes, CPI or percentage rent adjustments, late fees and end-of-year reporting.
+ Track expiration dates and notice provisions (i.e., turnovers, rent starts, defaults, evictions).
+ Research and interpret tenant accounts and discuss any inquiries with internal and external parties.
+ Establish and maintain a strong relationship with Tenants and resolve tenant matters.
Desired Qualifications:
+ Bachelor's degree in accounting
+ 2+ years accounting experience, real estate accounting a plus
+ Knowledge of all aspects of AP/AR and journal entries
+ 2 or more years of work-related experience in accounting
+ Knowledge of accounting principles and general ledger account reconciliation
+ Excellent verbal and written communication skills
+ Ability to multi-task
+ Team player, detail oriented, well organized, efficient, and accurate
+ Support other staff as needed and share office duties
+ Proficient in Microsoft Excel, Outlook and Word required
+ Knowledge of Timberline or MRI accounting system a plus
Physical Job Requirements :
+ Sit-Frequently
+ Perform repetitive motion such as using a keyboard-Frequently
+ Stand/move about- Infrequently
+ Reach at or above shoulder level- Infrequently
American Dream is an equal-opportunity employer and is committed to providing a workplace free from harassment or discrimination. All employment decisions are to be made without regard to race, color, age, gender, sexual orientation, religion, marital status, pregnancy, national origin/ancestry, citizenship, physical/mental disability, military status, or any other basis prohibited by law.
Other details
+ Job Family AD
+ Pay Type Salary
+ American Dream, 1 Meadowlands Plaza, East Rutherford, New Jersey, United States of America
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Source : American Dream
