Overview

The Lease Administration Analyst will be responsible for interpreting and analyzing information for leases, amendments, assignments, and other legal documents. The ideal candidate has the demonstrated ability to read and interpret a commercial lease and to focus on analysis of monthly financial statements. This includes the reconciling of general ledger accounts and the evaluation of all monetary aspects of the Lease, including base rent, taxes, insurance, Common Area Maintenance and utilities.

Responsibilities

The essential functions in this job description are not all-inclusive of this position’s duties and responsibilities. Reliable and dependable attendance is required.

Maintain lease database system (Pro Lease) with current triple net escrows.
Create and maintain weekly and monthly rent report for reoccurring and non-reoccurring payments, escrow adjustments, reconciliations, rent commencements, rent/escrow shortfalls, sales tax, etc.
Review and reconcile statements/invoices received by Landlord to validate we are paying in accordance with the Lease Agreement
Audit and validate Landlord ledgers. Liaise between Landlords and internal teams to rectify discrepancies due to escrow changes or unapplied / misapplied payments, utilities, etc.
Prepare notice letters and calculate billing statements for lease violations such as failure to pay Tenant Improvement Allowance and delayed delivery rent credits.
Validate restaurant sales and calculate percentage rent payments in accordance with the Lease Agreement

Qualifications

Bachelor’s degree with a concentration in Finance or Accounting preferred; high school diploma required
3-5 years of full-time experience in accounting in a medium to large organization; lease accounting a plus
Strong working knowledge of GAAP
Ability to handle multiple, concurrent assignments
Experience within the retail, restaurant, or similar industry that includes multiple locations in various states
Advanced Microsoft Excel skills required
Public Accounting experience preferred

Who We Are

First Watch is an award-winning Daytime Dining concept serving made-to-order breakfast, brunch and lunch using fresh ingredients. A recipient of hundreds of local “Best Breakfast” and “Best Brunch” accolades, First Watch’s chef-driven menu includes elevated executions of classic favorites along with First Watch specialties such as the Quinoa Power Bowl®, Farm Stand Breakfast Tacos, Avocado Toast, Chickichanga, Morning Meditation (juiced in-house daily), Spiked Lavender Lemonade and its signature Million Dollar Bacon. In 2023, First Watch was named the top restaurant brand in Yelp’s inaugural list of the 50 most loved brands in the U.S. In 2023 and 2022, First Watch was named a Top 100 Most Loved Workplace® in Newsweek by the Best Practice Institute. In 2022, First Watch was awarded a sought-after MenuMasters honor by Nation’s Restaurant News for its seasonal Braised Short Rib Omelet and recognized with ADP’s coveted Culture at Work Award. First Watch operates more than 530 First Watch restaurants in 29 states. For more information, visit www.firstwatch.com.

First Watch is an equal-opportunity employer. In compliance with the Americans with Disabilities Act, First Watch will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.

First Watch Restaurants

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Lease Administration Analyst