Lease Auditor

About us KnitWell Group, a specialty retail operating company, comprises some of the most iconic brands in America – Ann Taylor, Chico's, Haven Well Within, Lane Bryant, LOFT, Soma, Talbots, White House Black Market. Individually, our brands are unique and strong. Together, we are powerful.

Our common thread is our commitment to create exceptional products, provide memorable experiences, and achieve superior results. Our associates are innovators who thrive through collaboration and are dedicated to excellence. At the heart of it all are the customers we serve. We are dedicated to creating fashion that not only looks good but also makes our customers feel good.

Lease Auditor (Real Estate)
About the role

The primary responsibility of this position is to audit, analyze and administer the company’s financial obligations in compliance with all lease provisions for Talbots’ benefit for over 460 retail store locations, subleases and office leases. The position interfaces with Talbots’ Landlords as well as with the following internal Talbots’ Departments – Legal, Store Administration, General Accounting, Accounts Payable, Insurance, and Maintenance Department systems.

The impact you can have Responsible for an assigned territory of stores to ensure that all of the company’s lease related payments are made in compliance with lease terms and Company Policy, including the following:

Review and analyze Rent, Common Area Maintenance, Real Estate Tax and miscellaneous occupancy invoices and review lease language to challenge and resolve Landlord invoicing.

Research and analyze Landlord/Tenant accounts for past due variances. Resolve discrepancies with Landlords.

Review Landlord invoices requesting monthly escrow or fixed rent increases to ensure charges are in compliance with lease terms and company procedures.

Make recommendations for potential Audit candidates as issues or concerns are discovered.

Perform desktop audits of Common Area Maintenance, Real Estate Tax and miscellaneous occupancy invoices with a focus on controlling and reducing Store Occupancy costs.

Review third party prepared abstract documents (new leases, amendments, option letters) to ensure lease documents are accurately interpreted and abstracted into the CoStar Real Estate Management software system.

On an annual basis, responsible for the initial review and analysis of the Landlord lease-related occupancy budget (Base Rent, Common Area Maintenance, Real Estate Taxes, Insurance, Utilities, Merchant Dues, and Sprinkler) for all leased properties.

Assist internal departments and the field organization with Lease interpretation dealing with Landlord repair issues and Common Area Maintenance responsibilities.

You’ll bring to the role Knowledge and experience at a level normally acquired through the completion of 4 years college with a degree in business, accounting or related field and a minimum of 3-5 years of related work experience in the Lease Administration field preferably with a large retail chain.

Extensive knowledge in interpreting commercial retail leases.

Proven experience and success in performing desk-top audits with a demonstrated ability of cost savings.

Computer skills to include a strong background in maintaining a Lease Administration software system, Microsoft Word, Excel, Outlook, and Internet Explorer.

Excellent written and communication skills required for interfacing with various internal departments and external contacts.

Ability to work independently in fast paced environment and on several projects concurrently as well as possess good organizational, writing, oral, analytical and record keeping skills.

Benefits You will be eligible to receive a merchandise discount at select Knit Well Group brands, subject to each brand’s discount policies.

Support for your individual development plus opportunities for career mobility within our family of brands.

A culture of giving back – local volunteer opportunities, annual donation and volunteer match to eligible nonprofit organizations, and philanthropic activities to support our communities.
* Medical, dental, vision insurance & 401(K).
* Employee Assistance Program (EAP).Time off – paid time…