Commercial Lease Administrator

CIM Group

(Los Angeles, California)
Full Time
Job Posting Details
About CIM Group
CIM Group® is a premier full service urban real estate and infrastructure fund manager with approximately $20.5 billion of assets under management. Since its founding in 1994, CIM has been a process- and research-driven investor that mitigates risk through the fundamental analysis of the long-term drivers in communities.
Summary
Maintain integrity of building and suite areas in Yardi rent roll as well as major lease provisions via abstractions of lease documents.
Responsibilities
* Track all leases, including follow up on GSA and other government leases by way of leasing activity log. * Ensure all commercial leases are complete including correct ownership and signature block, deal approval sheet, and adherence to delegated approval guidelines. * Execute and verify all leases. * Reconfirm all rent calculations, all commission calculations, tenant improvements, and other allowances. * Rent commencement letter needs to be issued and annualized net present value calculation as required, and signed – maintain Tickler system and retrieve outstanding letters as required * Ensure security deposits are received and amount adheres to lease when leases are executed. If not, follow up with leasing director or property manager for clarification and/or correction. * Upload all leases into Yardi and Asset Portal. * Approve, Review or Amend Abstracts of all leases. * Set up job codes for capitalized costs. (TI, commissions and other lease costs) * Identify and link pre-lease improvements with incoming leases. * Ensure that tenant delivery letter is executed on the date the premise is delivered and uploaded to Asset Portal. * Work with Accounting on Lease Commencement and Possession Date documentation and tracking * Provide ancillary analytical support to broader Operations and Analysis team as warranted during major processes such as Budget and Forecast * Perform Credit Evaluations in conjunction with potential new tenancies * Gather move-out information from property management team and load dates into Yardi * Process lease commissions for payment when authorized. Audit commission calculations as warranted * Make updates in Yardi for tenant holdover or early termination
Ideal Candidate
* Bachelor’s Degree * Notary License – preferred but not required * REIT knowledge/experience - preferred but not required * Proficiency in Microsoft Office including Word, Excel, and Adobe * Proficiency in Yardi or similar software program * Proficiency in Nexus Payables * Proficiency in Salesforce or similar software program * Proficiency in Document Management Systems software (e.g., Sharepoint)
Compensation and Working Conditions
Benefits Benefits included

Additional Notes on Compensation

• Great opportunities for growth and career mobility • Pay and promotion based on performance • Entrepreneurial environment with a focus on collaboration • 401K matching; competitive medical, dental and vision plans

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