Commercial Lease Administration Manager - New York, NY 10017
- Review and interpret leases, amendments, and related correspondence; abstract key business terms and legal obligations into Yardi and maintain complete, audit-ready electronic and hard-copy lease files. Use outsourced resources and/or AI to enhance accuracy and efficiency of this process.
- Work with the business development team by attending transition meetings, ensuring all necessary lease documents are received and reviewed, and verifying that all ETL-transferred lease information is accurate and fully supported by lease documentation.
- Establish abstraction standards and quality controls to ensure consistency, completeness, and data integrity across the portfolio (rent, escalations, options, notice requirements, insurance, and other key provisions).
- Supervise a team of three, conduct annual performance reviews, and ensure staff receive ongoing training and professional development.
- Coordinate renewals, expansions, terminations, and other lease events by partnering with Management, Leasing and Legal; prepare timelines, track approvals, and ensure system updates and notices are executed on time.
- Review all leases set up and maintain billing terms in Yardi, including base rent, free rent, percentage rent (if applicable), escalations/step-ups, additional rent, utilities, and other recurring and one-time charges; validate commencements and ensure accurate prorations.
- Research tenant ledgers, resolve billing discrepancies, and coordinate with Accounts Receivable and Property Management on unapplied cash, short pays, disputes, and write-off documentation as needed.
- Track and manage critical dates (options, renewals, terminations, notice periods, rent reviews, and expirations); proactively notify internal teams, maintain a documented calendar, and ensure timely execution of required actions.
- Monitor tenant insurance requirements and compliance (including COIs, endorsements, and renewal dates) and coordinate follow-up with Property Management and Risk/Legal as applicable.
- Must be present on-site, with the ability to move throughout the building, ensuring effective communication with tenants, staff, vendors, and visitors.
- Position may be required to perform duties outside their normal responsibilities as needed.
- Minimum of seven (7) years of experience in commercial lease administration, property management operations, and/or accounting, including at least two (2) years of hands-on experience with Yardi Commercial module.
- Proven leadership and/or people-management experience in a real estate, property management, or property operations environment.
- Experience developing standard operating procedures (SOPs), job aids, and training documentation. Demonstrated experience in process improvement and technology implementations.
- Strong computer proficiency, including advanced Microsoft Excel skills and proficiency with Yardi.
- Excellent communication, problem-solving, and organizational skills, with strong attention to detail.
- Work authorization (required)
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