Manager, Commercial Lease/Portfolio Administration
Company: First Citizens Bank
Location: Knightdale
Posted on: May 7, 2024
Job Description:
Overview: 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. This is a hybrid role in Raleigh,
NC with a 3 day in, 2 day out schedule. 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. Preferred Area of Study: Paralegal / Brokers
License (inactive) 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
Qualifications:
- Property Accounting experience preferred.
- Background in Corporate/Commercial real estate audit
preferred.
Keywords: First Citizens Bank, Chapel Hill , Manager, Commercial Lease/Portfolio Administration, Accounting, Auditing , Knightdale, North Carolina
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