Senior Manager, Lease Administration
Cresa · Chicago, IL · 3 wk ago
Management$80k–$90k/yrFull-time
Summary
The Senior Manager, Transitions Lease Administration oversees the onboarding, transition, and integration of lease administration portfolios, including acquisitions, dispositions, and client onboarding/offboarding initiatives. This role is accountable for transition strategy, execution, and governance, ensuring operational continuity, data integrity, and compliance across complex client portfolios.
Essential Duties and Responsibilities
- Lead end-to-end lease administration transition projects, including onboarding, offboarding, acquisitions, and dispositions.
- Develop and manage transition strategies, project plans, timelines, and governance from initiation through steady-state operations.
- Partner with clients, internal stakeholders, technology teams, and external vendors to ensure successful project execution and service delivery.
- Oversee lease data collection, abstraction, validation, migration, and integration across lease administration and accounting platforms.
- Review and validate lease abstractions, financial reconciliations, and reporting for accuracy, consistency, and compliance with client requirements.
- Support lease accounting compliance initiatives, including ASC 842 and IFRS 16 reporting.
- Support AI and automation initiatives within transition workflows, including lease abstraction, data validation, workflow automation and process improvement to increase operational efficiency.
- Develop and implement operational workflows, transition procedures, governance models, and best practices to improve scalability and efficiency.
- Identify and mitigate risks while assisting in change management efforts throughout the transition lifecycle.
- Support system implementations, upgrades, testing, workflow optimization, and reporting enhancements.
- Mentor and develop team members, fostering collaboration and continuous improvement.
Qualifications
- Bachelor’s degree in Business, Real Estate, Finance, Accounting, or related field (preferred).
- 5-7+ years of lease administration, commercial real estate or transition management experience.
- Proven ability to lead large, complex portfolio transitions and multi-workstream projects in a fast-paced environment.
- Strong knowledge of commercial lease administration, lease terminology, lease accounting principles, and real estate operations.
- Advanced proficiency in Microsoft Excel and data analysis, including formulas, complex functions, data modeling and automation.
- Demonstrated ability to analyze and manage large volumes of complex data and translate it into actionable insights.
- Strong project management, organizational, analytical, and problem-solving skills.
- Excellent communication and client relationship skills, with a focus on delivering high-quality service.
Education/Experience
- Experience with ASC 842 and IFRS 16 lease accounting standards and journal entry process.
- Experience supporting system implementations, data migrations, and platform integrations.
- Exposure to AI assisted automation, workflow tools, or data processing technologies is a plus.
- Systems Experience with lease administration and accounting platforms such as MRI ProLease, Yardi, CoStar, Quarem, TRIRIGA, Tango, Lucernex, REAP, Visual Lease, Lease Harbor, LeaseAccelerator, LeaseCalcs and similar systems preferred.
- PMP certification or equivalent project management experience.