Job Description

Rainbow USA Inc. is one of the fastest growing juniors, kids, plus, and petite specialty apparel chains. Headquartered in Brooklyn, NY and founded in 1935, Rainbow is a fashion leader to its 14–49-year-old customers. We are currently looking to fill the position of Lease Administration Specialist at our corporate location.

The Lease Administration Specialist is required to have knowledge of lease terms and conditions. He/She is responsible for ensuring that all rent-related costs have been documented, verified and accounted for and that pertinent lease terms are correctly entered into Rainbow’s system, activated, updated and enforced.

Responsibilities Include:

• Verify and abstract all lease documents including accurately updating internal database for existing and new stores.
• Perform accounting functions relating to lease obligations including timely processing monthly rental payments, annual reconciliations and other expenses, accrual of unpaid invoice and allocation of prepaid expense.
• Interpret lease to ensure all such rental payments are in compliance with lease terms
• Maintain lease tracking database
• Monitor leases/amendments for rent commencement, operating expense changes, changes in ownership, and lease terminations
• Accurately process legal notices and payment relating to leases
• Oversee day-to-day landlord relationships regarding account receivables, sales reporting, maintenance issues and Landlord sales audits to ensure prompt resolution to any issues
• Draft lease correspondence and notices, addressing and resolving landlord/tenant issues
• Monitor commencement and ongoing co-tenancy requirements
• Special Projects as assigned by manager
• Provide back up for fellow Lease Administrators, as necessary

Required Skills and Experience:

Bachelor's degree or significant related experience

Minimum of 3 years work experience in Lease Administration, Real Estate, Accounting, Real Estate Law, Property Management or related field

The developed ability to interpret lease provisions, attention to detail, strong interpersonal skills, ability to build and maintain effective relationships, work independently, prioritize, take initiative to investigate and resolve problems using sound judgment, excellent oral and written communication skills are required.

We expect that the successful candidate will be offered a wage rate in the range of $85,000 to $100,000; the actual rate offered will be based on the candidate's skills, relevant experience, length of relevant experience, and on labor market conditions.

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