Job Description
Make your next move an expert one.
At Colliers it’s not our success that sets us apart, it’s how we achieve it. Our people are passionate, take ownership and always do what’s right for our clients, people and communities.
Why Colliers?
Our enterprising environment needs your expertise to facilitate Colliers’ continued growth as an industry leader. Our nimble, decentralized culture can provide you with a wealth of opportunities to learn about our business and quickly gain experience to accelerate your career.
About you
The Transition Manager, Lease Administration, is responsible for managing Lease Administration client implementations, client and vendor relationships, centralizing, establishing and producing schedules, reports and communication plans, as well as process flow for new or expansion of business. This position is responsible for managing the entire transition lifecycle, including discovery, data extraction, migration, abstraction, validation, process documentation, and stabilization, followed by handover to the designated Lease Administration team.
In this role, you will…
Manage multiple projects concurrently.
Track and manage project team’s accountability to scope, schedule, and budget for transitions.
Comfortable managing teams and familiar with accepted hiring and employment practices.
Provide quality control within the database to identify errors and inconsistencies during the onboarding phase.
Ability to create, edit, and run reports in most Lease Administration databases.
Mentor and train junior transition resources on key duties.
Interpret complex commercial lease language and attend to details.
Oversee lease abstraction, translation and quality control process for transition projects.
Maintain evergreen templates and develop account processes, procedures and playbooks inclusive of RACI chart.
Ensure timely (agreed upon transition timeline) and accurate abstraction or input of all rental obligations related to leases and all other important lease information during onboarding phase.
Understand client business objectives, real estate portfolio strategy, and service expectations.
Maintain thorough understanding of client agreements for team accounts including boundaries of scope of work, fee structure, billing frequency and payee information. Ensure this information has been correctly entered into WorkTrac.
Program manage delivery of transitions to include: project timelines and gant charts, risk and mitigation strategies, action tracking, meeting agendas & minutes, etc.
Conduct regular meetings and reviews with clients.
Develop, in partnership with assigned lease administration team, strong client governance programs such as reporting cadence, communication methods, business reviews, etc. during transition.
Prioritize strong service delivery and client relationships.
Manage client escalations and ensure timely resolution of issues during transition.
Oversee and ensure global team is delivering services.
Support RFI and RFP response development including pricing, presentation decks, etc.
Participate in presentations to new or existing clients for new business pitches.
Manage assignments and delegation of database management tasks to global team members.
Establish weekly calls and ongoing internal communications cadence with global lease admin account team members to review work, discuss outstanding issues and determine appropriate actions.
Prepare and lead with impactful communication and professional presence.
Foster effective communication and demonstrate professional presence, actively engaging with all team members to promote a collaborative environment.
General understanding of AI technology and openness to adapting to the evolution of technology.
Oversee the abstraction or input of rental obligations related to leases and all other important lease information as stipulated by client abstraction standards for assigned transition accounts.
Provide final QC for abstraction process as may be required for assigned transition accounts.
Demonstrate working knowledge of Colliers360, dashboards, WorkTrac, etc.
Oversee data migration from legacy systems and target systems, data mapping, ETL processes or reconciliation between tools.
Provide training for lease administration systems and dashboards.
Ability to review recovery clauses, set up recovery pools, calculate actual recovery expenses for each tenant, and review caps, base years, and non-standard exclusions.
Develop initial monthly rental payment schedules.
Ability to assist with monitoring, reviewing and approving all Rent, CAM, Operating Expense, Tax and Insurance payments to Landlords, including reviewing leases to insure accuracy of all charges.
Ability to review and validate Consumer Price Index adjustments as provided in legal documents.
Maintain file systems, including the data integrity of initial information uploaded to the database application used for tracking all Tenant and Lease related data specific to the initial set up of a new account during transition.
Maintain client transition financial forecasts for internal tracking and budgeting.
Confirm and approve monthly client billing. Responsible for ensuring that all pass-through expenses are billed in accordance with contract and internal process for transitions.
Track A/R for assigned clients and escalate to appropriate parties.
Regular status reports to internal management.
Knowledge of Lease Administration scope of services, master service agreement and intercompany contractual review and development in partnership with Colliers legal, risk and security teams.
Develop and maintain tracking method for team workloads and assignments and provide refreshed gearing annually.
Review and validate team allocations and alignment to contractual scope of work and client’s expectations.
Manage team workloads ensuring equitable distribution.
Develop roadmap to streamline and enhance transition program delivery.
Lead key program initiatives such as Best Practice tracking, Case Study Development, AI partnership with Technology, Global COE Partnerships, etc.
Conduct post transition Lessons Learned to help inform and implement process improvements for future transitions.
Other duties as assigned.
What success looks like
Bachelor’s degree in business, accounting, real estate, or similar field preferred.
Qualified candidates will have at least 10 years of relevant experience in the commercial real estate lease administration industry and/or accounting and property management fields having worked in either (or both) the Landlord or Tenant sector.
Intermediate to expert level experience with multiple commercial real estate database applications such as CoStar, Yardi, Apex, ProLease, Virtual Lease, or other portfolio management database systems.
Expertise and documented success working on multi-line global accounts with 1,000+ leases and global account management structure.
Intermediate proficiency level with Microsoft Office tools (Word, PowerPoint, Excel, OneNote, etc.)
Thorough knowledge of FASB/IFRS accounting rules and general accounting principles preferred.
Must be effective and have successful track record of working independently, preferably remotely, and possess strong time management skills.
Benefits
Employees (and their families) are provided options for employer subsidized medical benefits including RX, dental, vision as well as employer paid basic life/AD&D insurance and short-term/long-term disability. Employees are able to enroll in our company’s 401k plan, which includes an employer match. Employees will also receive 10 days of sick leave and a minimum of 15-days vacation annually. Certain senior-level roles are eligible for unlimited time off. Employees will also enjoy 10 paid holidays plus two personal flex days throughout the calendar year. Twelve weeks (for birth parents) and 4 weeks (for non-birth parents, including adoptive/foster parents) of paid parental leave will also be available for use after successful completion of 90 days of employment. Individuals may be eligible for different or additional benefits under applicable state law.
Bonus
This position is eligible for an annual bonus, based on company and individual performance.
For Salary Roles
Approximate Salary Range for Role: $96,955 to $110,000
Area/Location Specific: WFH Georgia, Texas or Florida
Our salary ranges are determined by role, level, and location. The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.
Colliers International provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by law.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
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Make your next move an expert one and join us as we lead the industry into the future.
Applicants must be currently authorized to work in the United States on a full-time basis. The employer will not sponsor applicants for work visas.
Applications will be accepted on an ongoing basis.
Direct applicants only please, no agencies.
Colliers respects diversity and is an equal opportunity employer. No employee or applicant for employment will be discriminated against on the basis of any actual or perceived membership in any protected category including race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, related medical conditions and lactation), gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, disability, protected medical condition as defined by applicable state or local law, genetic information, or any other characteristic protected by applicable federal, state, or local laws and ordinances. If you are a qualified applicant who requires reasonable accommodation to complete a job application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact [email protected] for assistance.