Lease Administrator

About the role

The Lease Analyst supports and manages Chipotle’s real estate portfolio, ensuring lease compliance, controlling occupancy expenses, and maintaining long-term tenancy. They liaise with various internal teams and external parties to resolve lease-related issues and negotiate agreements.

Responsibilities

• Interpret and analyze lease language to confirm critical lease dates, prepare and process stipulations, and set up recurring payments for CAM, taxes, insurance.
• Process and approve monthly rent and out-of-cycle/one-time payments, providing supporting reports.
• Maintain TI Allowance by abstracting monthly lease renewals and amendments, executing initial setup for anticipated rent payments, and analyzing sales data to prepare one-off percent rent payments.
• Audit and reconcile landlord ledgers/invoices, communicating discrepancies to landlords and resolving disputes.
• Control occupancy costs through annual CAM reconciliations and ensure landlords comply with lease terms.
• Manage various rent payment models, ensuring timely and accurate payments and reporting.
• Communicate lease obligations to business partners, providing insights and informing decisions during lease tenure.
• Assist in creating efficiencies within the department and analyzing the impact on the business.
• Maintain electronic lease documentation files.

Requirements

• Bachelor's degree or equivalent
• 3-5 years of experience in commercial real estate lease administration, property management, or related field
• Restaurant or retail experience preferred
• Proficiency in Microsoft Excel
• Technical aptitude to use various Lease Administration systems and software
• Understanding of essential lease and real estate industry terminology
• Excellent analytical, communication, and mathematical skills
• Highly organized, detail-oriented with a professional demeanor and strong interpersonal skills

Qualifications

• Ability to work independently and manage multiple tasks simultaneously
• Strong problem-solving and negotiation skills
• Experience with lease administration software and systems
• Knowledge of financial statements and budgeting
• Ability to handle confidential information with discretion

Skills

• Lease administration
• Financial analysis
• Communication and negotiation
• Microsoft Excel proficiency
• Software and system usage

Benefits

Chipotle offers a competitive total rewards package including medical, dental, and vision insurance, 401(k), sick leave, vacation time, and much more. Visit WWW.CHIPOTLE.COM for more details.

Pay

A reasonable estimate of the current base pay range for this position is $67,000.00–$95,500.00. You are also eligible for annual cash bonuses and equity awards based upon performance and other factors. Actual compensation offered may vary depending on skill level, experience, and/or education.