Manager, Lease Administration - Corporate Real Estate (Hybrid)
Company: First Citizens Bank
Location: Raleigh
Posted on: October 5, 2024
Job Description:
Overview: This is a hybrid role, with the expectation that time
working will regularly take place inside and outside of a company
office. -This position is responsible for team oversight to perform
daily administration and management of the Bank's Corporate Real
Estate (CRE) portfolio. - Ensures accurate and timely performance
of lease and fee simple property responsibilities to ensure
stability and continuity of the CRE portfolio. Oversees vendor
engagements and valuations of bank property. Manages acquisitions
and dispositions in alignment with corporate strategies. Oversees
lease and fee-simple contract negotiations, execution and
performance. Manages effective resolution of easement and
condemnations matters. Performs financial analyses and processing
for real estate transactions, income and expenses. Manages timely
database updates and accuracy. Performs budget forecasts and
estimates and researches / reports on budget variances. Advises on
lease and fee simple property entitlements, ad-hoc property matters
and M&A initiatives. Implements and performs reporting routines
on transactions, portfolio status, real estate expenses and
operations. Responsibilities:
Property Administration - Manages the
daily administration of real estate interests and other real estate
(ORE) non-Bank properties. Orders, collects, and monitors property
acquisition due diligence items. Ensures documentation is recorded,
and that property files are accurately maintained in the lease
management system. Issues notices and requests related to real
estate. Handles property owner's association duties.Portfolio
Management - Manages lease performance including landlord and
tenant lease responsibilities. Ensures data integrity in the
portfolio management system. Assist with research and analysis on
lease entitlements, ad-hoc property matters and M&A
initiatives. Supports the review, referral, and tracking processes
for broker assignments. Provides reports to management on portfolio
status and profitability. Maintain Bank property insurance listing
and valuation reporting.Property Finances - Tracks, pays and
manages financial elements for Bank property, including related
charges, tax appeals, and valuations. Investigates and reports on
budget variances. Prepares analysis summaries for acquisitions and
dispositions to ensure costs meet the contracted agreement. Support
lease and purchase agreement negotiations.Business Support -
Supports internal and external audits of CRE processes. Provides
guidance on real estate-related matters such as tax appeals, title
insurance, valuations, and property administration. Assists in the
planning and execution of other department initiatives as needed.
Qualifications: Bachelor's Degree and 6 years of experience in Real
Estate Acquisition, Disposition, Lease Administration or Commercial
Property Management - -OR- High School Diploma and 10 years of
experience in Real Estate Acquisition, Disposition, Lease
Administration or Commercial Property Management. -Additional
Required Qualifications:
Corporate/Commercial Lease and
Portfolio experience.People management experience. -Have a sound
understanding of complex real estate terms, financial and legal
concepts.Must possess a valid driver's license. Position requires
occasional travel to other offices, customers, providers,
etc.Knowledge of MS office suite products with specific emphasis on
MS Word, MS Excel, MS PowerPoint & MS Outlook.Proactive, action
oriented, and highly organized.Proven critical thinking and
problem-solving skills.Relationship and partnership building
skills.Preferred: -
Property Accounting experience
-preferred.Background in Corporate/Commercial real estate audit
preferred.Preferred Area of Study: Paralegal / Brokers License
(inactive)First Citizens benefits programs are designed to meet our
associates where they are in life. Full-time associates (20+ hours)
are offered a comprehensive benefits program, with customized
offerings, including those designed to support families, however
defined. More information regarding our benefits offerings can be
found here:
Keywords: First Citizens Bank, Rocky Mount , Manager, Lease Administration - Corporate Real Estate (Hybrid), Executive , Raleigh, North Carolina
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