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Director Property Management-Lease Audit

Region: | State: California

Hiring Manager: Vice-President Property Management

YOUR ROLE

Leading a team of 3 Managers, 11 Lease Auditors, and additional internal and external resources, you will manage a portfolio of over 1859 existing stores and 60-100 new locations annually for the entire lease audit function from claim identification to dispute resolution. Managing over $700M in occupancy expenses, your team will take a holistic approach to reduce occupancy costs and improve the overall financial control of the lease portfolio.

This is a high-profile role for an industry leader. It is a unique opportunity to lead a best-in-class, results-oriented team respected in the retail space for their attention to detail and tough but fair approach to driving cost savings.

ESSENTIAL FUNCTIONS:

  • Lead a total team of 15 that include Managers, Lease Auditors, third-party consultants, and a portfolio of over 1859 stores for the entire lease audit function.
  • Partner closely with Real Estate, Real Estate Law, Facilities, and Construction.
  • Work with internal/external auditors regarding SEC & SOX requirements.
  • Oversee the development and maintenance of the proprietary pdSiteLink system.
  • Lead the team to:
    • Analyze and interpret complex Lease terms for each location; negotiate with Landlords to resolve any conflicts related to rent, CAM, insurance, taxes, merchant dues, etc.
    • Review co-tenancy requirements, ensuring Landlords are notified when there are violations.
    • Provide analysis of lease provisions like Capital Expenditure Requests (CER); determine if notice to the Landlord is required before performing store improvements.
    • Perform impound adjustments, carefully reviewing the new monthly estimates requested by Landlord to calculate the percentage increase and reasoning behind it, negotiating with the Landlord on adjustments.
    • Research and respond to estoppel or waiver requests.

BACKGROUND PROFILE:

  • Bachelor’s degree and 10 years of retail property management
  • 5+ years of supervisory experience in a corporate environment.
  • Prior lease audit and co-tenancy analysis experience.
  • Proven ability to deliver results by setting direction, mobilizing support, and developing the team.
  • Ability to build relationships, influence others, negotiate and communicate across multiple levels within the organization.

COMPETENCIES:

  • Communication
  • Process Improvement & Innovation
  • Team Development
  • Negotiation
  • Planning & Organizing
  • Teamwork
  • Adaptability
  • Results Driven

BENEFITS:

A variety of health insurance plans.

Onsite subsidized fitness facility with personal training.

Personal medical plan concierge.

Onsite subsidized cafeteria.

Health and Financial wellness programs.

Discounted backup childcare service.

Rewards-based health and wellness program.

Opportunity to purchase an additional week of vacation.

Triple-tax advantaged Health Savings Accounts

Paid time off for volunteering.

Company-paid life/AD&D, short and long-term disability insurance.

Charitable donations matched by client’s foundation.

401(k) savings plan with a company match of up to 4%.

Up to a 20% employee discount.

Employee Stock Purchase Plan.

Employee assistance program.

Enhanced maternity and bonding leave with 100% income replacement.

Valuable voluntary benefits package.

PHYSICAL REQUIREMENTS/ADA:

Job requires the ability to work in an office environment, primarily on a computer. Requires sitting, standing, walking, hearing, talking on the telephone, attending in-person meetings, typing, working with paper/files, etc. Consistent timeliness and regular attendance. Vision requirements: Ability to see information in print and/or electronically.

DISCLAIMER:

This job description is a summary of the primary duties and responsibilities of the job and position. It is not intended to be a comprehensive or all-inclusive listing of duties and responsibilities. Contents are subject to change at management’s discretion.

Our client is an equal employment opportunity employer. We consider individuals for employment or promotion according to their skills, abilities, and experience. We believe that it is an essential part of the company’s overall commitment to attract, hire and develop a strong, talented, and diverse workforce. Our client is committed to complying with all applicable laws prohibiting discrimination based on race, color, religious creed, age, national origin, ancestry, physical, mental or developmental disability, sex (which includes pregnancy, childbirth, breastfeeding, and medical conditions related to pregnancy, childbirth or breastfeeding), veteran status, military status, marital or registered domestic partnership status, medical condition (including cancer or genetic characteristics), genetic information, gender, gender identity, gender expression, sexual orientation, as well as any other category protected by federal, state or local laws.

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