Senior Manager, Lease Administration
At Compass, our mission is to help everyone find their place in the world. Founded in 2012, we’re revolutionizing the real estate industry with an end‑to‑end platform that empowers residential real estate agents to deliver exceptional service to seller and buyer clients. Compass is seeking a strategic, high‑performing Senior Manager of Real Estate Lease Administration to manage a portfolio of ~2,000 + locations within our national office portfolio and to lead our offshore lease administration function.
Responsibilities
- Act as a team lead to manage preparation of monthly rent roll in accordance with lease provisions.
- Compare and evaluate operating expense and tax reconciliation statements for Compass’s lease portfolio.
- Communicate with landlords regarding lease payments and charges; prepare reports of findings and ensure accurate credits and charges are recorded.
- Oversee the preparation of CAM reconciliations for accuracy and adherence to Compass standards.
- Conduct full‑scope desktop and annual audits for corporate leases and recommend actions for audit recovery.
- Create training procedures for operating expense reconciliation and tenant recovery preparation.
- Manage the team to abstract leases timely and accurately per KPI targets.
- Coach team members and share in‑depth knowledge of lease administration discipline and related functions.
Requirements
- 8–10 years of relevant experience.
- Experience with United States lease practices, terms and conditions, customs and practices.
- CoStar experience a plus.
- Ability to exercise judgment based on analysis of multiple information sources.
- Willingness to take a new perspective on existing solutions.
- In‑depth knowledge of Microsoft Office and Google products, including Word and Excel.
- Strong organizational skills with an advanced inquisitive mindset.
Compensation
The base pay range for this position is $143,300 – $160,000 annually; however, base pay offered may vary depending on job‑related knowledge, skills, and experience. Bonuses and restricted stock units may be provided as part of the compensation package, in addition to a full range of benefits. Base pay is based on market location. Minimum wage for the position will always be met.
Location
This is an office‑based role, with our New York City Flatiron office (110 Fifth Ave.) as the preferred location. Our Madison, NJ office (175 Park Ave.) is also an option.
Benefits
- Participation in incentive programs (eligible cash, equity, or commissions).
- Paid vacation, holidays, sick time, parental leave, and recharge leave.
- Medical, tele‑health, dental, and vision benefits.
- 401(k) plan.
- Flexible spending accounts (FSAs).
- Commuter program.
- Life and disability insurance.
- Maven – support system for new parents.
- Carrot – fertility benefits.
- UrbanSitter – caregiver referral network.
- Employee Assistance Program.
- Pet insurance.