Ferguson is North America’s leading value-added distributor across residential, non-residential, new construction and repair, maintenance, and improvement (RMI) end markets. Spanning 34,000 suppliers and more than one million customers, we deliver local expertise, value-added solutions, and the industry’s most extensive portfolio of products. From infrastructure, plumbing, and appliances, to HVAC, fire protection, fabrication, and more, we make our customers’ complex projects simple, successful, and sustainable.
The Lease Administrator upholds the integrity of real estate portfolio data for large, complex portfolio of businesses. Inputs, maintains, organizes and reports on information regarding lease dates, dollar values and financial accounting transactions into a lease management software database. Prepares, processes, and reconciles AR & AP transactions to ensure accurate and current lease information is maintained.
Location: This role is approved to be either Remote within the United States or Hybrid in Newport News, VA area, in accordance with company policy.
Responsibilities:
- Abstract and edit all new lease data into the real estate management software. Provides lease analysis and interpretation of lease information to business. Facilitates fast, accurate and efficient new acquisition conversions.
- Tracks payables and receivables associated with the lease portfolio. Processes corporate rent rolls using the database. Prepares export files and sends to accounting for payables processing.
- Calculating CPI increases, forecasting future rent obligations.
- Prepares invoices for subtenants, reconciles subtenant accounts, reviews incoming invoices for errors/accuracy with lease document and ensures correct coding.
- Acts as single-point-of-contact for business for all lease administration concerns. Establishes and maintains strong working relationships with business partners, landlords and subtenants.
- Prepares and distributes critical date reports; maintains tickler system for tracking important dates and tasks.
- Prepares and distributes periodic and ad hoc reports in an accurate and timely manner. Design reports using various report writers, focusing on Excel and real estate management software.
- May conduct financial analysis/accounting as appropriate, including AR/AP, rent rolls, and budgets in accordance with required accounting principles.
- A good understanding of ASC 842, including when to remeasure leases, determining discount rates and testing.
- The ability to follow all SOX controls including answering, in depth, audit related questions and providing back up documentation as requested.
- Maintain electronic Master Lease files.
- All other duties as assigned and associated with the day-to-day operation of a corporate real estate portfolio.
Preferred Qualifications:
- Bachelor’s Degree in Business or related field; or minimum five (5) years of industry experience in lieu of a degree.
- Prior experience with a Real Estate Management software (Accruent, Lucernex) is desired but not required.
- Prior experience with ASC 842 lease accounting standards preferred.
- Advanced digital literacy with Microsoft Office, especially Excel knowledge required
- Ability to organize and prioritize work and respond to changing situations with sense of urgency
- Ability to effectively communicate verbally and in writing.
- Ability to work independently with minimum supervision.
- Strong problem-solving skills, documentation skills, research and resolution skills, data analysis and multi-tasking skills.
- Experience reading and interpreting real estate leases, including all related lease documents, is crucial
Ferguson is dedicated to providing meaningful benefits programs and products to our associates and their families—geared toward benefits, wellness, financial protection, and retirement savings. Ferguson offers a competitive benefits package that includes medical, dental, vision, retirement savings with company match, paid leave (vacation, sick, personal, holiday, and parental), employee assistance programs, associate discounts, community involvement opportunities, and much more!
Pay Range: Actual pay rate may vary depending upon location. The estimated pay range for this position is below. The specific rate will depend on a candidate’s qualifications and prior experience.
-$3,899.70 – $6,325.00
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Estimated Ranges displayed are Monthly for Salaried roles OR Hourly for all other roles.
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This role is Bonus or Incentive Plan eligible. APPLY HERE