Senior Lease Administrator

Overview

The Senior Lease Administrator is responsible for resolving all real estate operational issues for Navy Federal's existing and growing portfolio of Branches, Remote ATMs, and field offices. The Senior Real Estate Administrator, in conjunction with the Lease Administrators, will be responsible for: 1) drafting, negotiating, and managing critical lease, license, and operating agreement documentation, 2) providing accurate interpretation and management of lease, license, and operating agreement documentation, 3) performing substantive research related to NFCU leases to maximize tenant rights and ensure compliance with landlord and tenant obligations, 4) management of all lease, license, operating agreement documentation in the real estate information system, and 5) providing support for real estate purchase and dispositions. The position will provide BOFM's reporting and support on real estate matters effecting the existing and expanding branch, remote ATM, and office network throughout the World, including on DoD installations.

Responsibilities

1. Lease Abstraction and Lease Data
   1. Responsible for the abstraction and set up of all lease documents (new leases, amendments, terminations, assignments, subleases, etc.) and other real estate agreements in FinQuery, Tango, FM Systems or other real estate system, over 500 properties.
   2. Review and interpret legal terminology and lease clauses for all Branch Operations stakeholders consulting with General Counsel as necessary
   3. Calculate and enter necessary billing adjustments for rent, rent increases, CAM, taxes, insurance, and any other landlord pass-throughs as well as Tenant Improvement credits and other abatements.
   4. Maintain all relevant lease information including key dates, rent, critical lease provisions.
   5. Serve as advisor to Lease Administrators on interpretation and applicability of lease provisions.
2. Lease Renewals

1. Negotiate lease amendments/renewals for branch, ATM, and small office properties
2. Process internal Notice of Intent to Renew approvals with Branch Operations stakeholders and Procurement
3. Solicit, gather, and report Branch Operations stakeholder feedback on the viability of renewing branch, remote ATM, and small office leases for quarterly leadership meetings

• Advanced knowledge of real estate concepts, terms, and lease accounting
• Excellent attention to detail
• Ability to interpret complex commercial lease language
• Extensive document drafting experience including redlining and comparison features
• Ability to multi-task and prioritize assignments while delivering consistent, quality work product to property managers, brokers, attorneys, and clients
• Experience using a lease administration database
• Excellent computer skills with an understanding of spreadsheet, word processing, database software and the Internet
• Advanced organizational skills
• Advanced verbal and written communication skills
• Excellent problem solving skills and the ability to resolve potential conflicts
• Bachelor's Degree in Finance, Business, or Accounting or applicable experience

• Paralegal experience
• Previous experience negotiating commercial real estate leases