What are the responsibilities and job description for the Lease Compliance Administrator position at NNN REIT?
ABOUT THIS OPPORTUNITY
NNN REIT, Inc. (NYSE: NNN) is seeking a Lease Compliance Administrator to join our dynamic team onsite in our Downtown Orlando office. The Lease Compliance Administrator is responsible for the complete and accurate abstraction, set-up and ongoing administration of property, lease and loan documentation across multiple systems for NNN’s property portfolio. This role ensures tenant compliance with lease terms across the assigned portfolio, including rent payments, financial reporting, and adherence to real estate tax and insurance requirements. This includes the preparation and execution of billings, reconciliations, and rent escalations to ensure accuracy and consistency across the portfolio.
ESSENTIAL DUTIES AND 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, input and maintain accurate property, lease and loan data within 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.
- Responsible for real estate tax matters for NNN’s property portfolio:
- Monitor and update reporting of delinquent tax notices, working closely with NNN’s tenants and 3rd party service provider.
- Preparation of reconciliations, reimbursements and related billings in accordance with the lease provisions, as assigned.
- Support Legal department by reviewing the tax bills and tax information sheets for property closings.
- Prepare rent escalations (CPI-based and percentage rents) for NNN’s tenants.
· Responsible for tenant insurance compliance and property claims reporting:
· Prepare tenant insurance reconciliations, calculate reimbursement and generate related billings and invoices as required under the lease.
· Procure, review and monitor tenant insurance certificates for assigned tenants.
· Assist with insurance claims reporting and the monitoring of impacts from natural disasters and casualty events.
· Responsible for procuring tenant financials and sales for assigned tenants.
- Assist with the preparation of various tenant communications, including monthly rent reminder letters and default notices as required.
· Collaborate with internal departments, including:
- Accounting: lease billings, sales tax, accounts receivable and collection matters, and other lease matters as necessary
- Legal
- Asset Management
- Assist with maintaining complete and accurate lease compliance procedures, guidelines and internal controls documentation.
- Assist with periodic reporting and projects as needed.
CORE COMPETENCIES
- Ability to Learn Quickly
- Initiative
- Interpersonal / Written / Verbal Communication Skills
- Detail Oriented
- Problem Solving / Analytical Skills
- Strong Organizational Skills
- Ability to Multi-Task and Prioritize Work
- Decision Making Ability
SUPERVISORY RESPONSIBILITIES
This job does not have supervisory responsibilities.
EDUCATION AND/OR EXPERIENCE
Associate degree from an accredited college or university and two plus years related experience; or equivalent combination of education and experience.
Experience with Oracle E-Business Suite (A/R and Property Manager) and Microsoft Office Suite a plus.
CERTIFICATES, LICENSES, REGISTRATIONS
None Required
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Professional development assistance
- Tuition reimbursement
- Vision insurance
Work Location: In person