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Lease Adminstrator

1.00 to 10.00 Years   Riyadh, Saudi Arabia   26 Apr, 2022
Job LocationRiyadh, Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryReal Estate
Functional AreaNot Mentioned

Job Description

Job duties:

  • Process Lease signing as per organizational objectives
  • Monitor and track the status of lease signing forecasted signing monthly.
  • Manage and monitor day-to-day activities within your geographical area that supports the operations of the Portfolio Lease Administration Service Line
  • Oversee company portfolio of retail store leases and supervise individuals in the Lease Administration Department in your market (where applicable_.
  • Support and assist with Americana?s Restaurant Division initiatives & change management
  • Recommend new approaches, policies, and procedures to effect continual improvements in efficiency of services performed
  • Ensure Americana standards are implemented, met and maintained
  • Provide timely and accurate documentation and reporting
  • Execute special projects as assigned by Senior Real Estate Portfolio Manager
  • Collaborate on high profile projects that will require special attention and reporting
  • Manage, train, and develop team members in your market.
  • Demonstrate initiative and reflect a sense of urgency in daily duties by meeting or improving upon deadlines
  • Closely track and provide updates to the plan for securing NSOs.
  • Track critical dates (renewal options, kickouts, rights to terminate and expirations) for existing stores and generate and maintain several reports and weekly updates with respect to same.
  • Ensure that all stores with upcoming critical dates are addressed with management in a timely manner and follow through with decisions while meeting critical deadlines.
  • Draft and/or review lease amendments and termination agreements with respect to existing stores.
  • Assist in the development and implementation of procedures to ensure the integrity of the lease database system.
  • Write reports as requested in the lease database system for the Real Estate Department.
  • Assist in lease preparation and review against Americana policy & top lease conditions
  • Other duties or projects as assigned.
  • Maintain an accurate, detailed audit trail for each deal, and track and document decisions related to the same
  • Review Lease Agreements and ensure to provide legal & commercial comments to Real Estate to negotiate with the Landlord
  • Abstract the finalized deals in Tango for Management Approval and ensure all relevant approvals and correspondences are attached as per process to maintain an accurate & detailed audit requirement.
  • Facilitate Signing of the Lease documents and coordinating with Finance for issuance of payments
  • Coordinate with Landlord and arrange for delivery of Leases and Payments with internal team members by preparing Payment and Lease Acknowledgments)
  • Liaise with Finance team to provide Payment acknowledgments along with the draft cheques to facilitate Finance archiving.
  • Reporting Leases Signed by Americana and Leases Executed on a weekly basis
  • Upon receipt of executed lease & required legal documents for new sites from the Landlord, liaise with the Projects team for alignment to proceed with pre-requisite documents required to obtain work permits.
  • Coordinate with Licensing team, projects team and Landlord to ensure all relevant documents are available for shop opening (Legal/Municipality related documents, Landlord documents, Gas Certificates etc)
  • Assist the Licensing team by coordinating with Landlord for Ejari, Municipalities Contract, Tawtheeq to enable trade license renewal, in the applicable markets
  • Following up with Landlord for executed documents on regular basis.
  • internal reports/trackers of all Lease documents signed and executed and cheques issued.
  • Share the updated renewals tracker with the Real Estate team every month, highlighting upcoming critical dates 6 months in advance as well as stores close to expiry or holdover.
RequirementsEducation:
  • University Degree is desirable.
  • Knowledge of Word, Excel, Access, and Power Point is essential.
Experience:
  • 2-3 years? experience in Real Estate.
Knowledge:
  • Excellent quality checking & compliance skills
  • Ability to plan, organize and adapt in various situations to meet business objectives
  • Experience of business process re-engineering
  • Experience of extensive Real Estate System Implementation projects
  • Strong analytical abilities

Keyskills :

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