Real Estate Lease Administration Manager

About the role

Be a part of our mission! As a world leader in creating comfortable, sustainable, and efficient climate solutions for buildings, homes and transportation, it's our responsibility to put the planet first. For us at Trane Technologies, and through our businesses including Trane® and Thermo King, sustainability is not just how we do business-it is our business. Do you dare to look at the world's challenges and see impactful possibilities? Do you want to contribute to making a better future? If the answer is yes, we invite you to consider joining us in boldly challenging what's possible for a sustainable world.

Learn about our benefits designed for you to Thrive at work and at home.

We boldly go.

Where is the work

Monday to Thursday, work onsite with your colleagues. Fridays, choose your work location, balancing what your work requires.

What's in it for you

The principal functions of the Real Estate Lease Manager are to provide financial analyses for property management and lease administration by collecting data and managing key lease information, managing occupancy charges and keeping the lease expenses paid on a timely basis for 350 North American leases with an $8 million monthly rent role; manage the processing and abstraction of the new lease /owned property agreements and amendment documents for a global portfolio of over 800 properties totaling 29 million square feet including data entry and review of clauses, rents and critical dates into the CoStar database; manages and oversees the work product of staff responsible for updating and maintaining the corporate real estate portfolio database, supplier management, document execution; and creates reports for monthly benchmarking and Ad hoc reports related to the global Real Estate Portfolio.

What you will do

• Relationship manager for CoStar Real Estate Management enterprise system. CoStar system integral part of ASC 842 lease accounting requirement.
• Serves as main point of contact for 400 North American landlords and key financial management representing for the various Business Units on all lease rental payments and associated costs.
• Oversees and ensures U.S. and Canadian leased portfolio of $14 million monthly billings, invoices and all other financial transactions are addressed in a timely manner and that all the necessary contacts are made aware of issues concerning payments. Manages weekly rent roll export from CoStar to Oracle for payment per lease terms.
• Reviews over 400 North American year-end reconciliations and billings of real estate tax, operating and all other escalations as per lease clauses.
• Manages staff to ensure global portfolio of 900 properties accurately abstracted to include critical lease information into CoStar database while ensuring data integrity. When required oversee and coordinate the abstraction process by third party. Oversee and coordinate the translation of foreign language to English leases for abstractions.
• Manages and is responsible for work product of Lease Management & Transaction Associate and Senior Lease Management Associate.
• Manages external consultant contract for Real Estate Tax Services including tax bill administration and payment for 50 owned US locations and tax appeal services US portfolio of 450 owned and leased properties.

What you will bring

• B.S degree in Accounting or Finance
• A minimum ten years' experience in operational expenses or accounting and minimum of ten
• years' experience managing direct reports in the Real Estate field.

Key Competencies

• Ability to work in team environment
• Strong work ethic and self-starter
• Excellent computer skills
• Advanced Excel skills including Pivot tables, Macros and Power Point
• Excellent analytical and organizational skills
• Strong verbal and written communication skills
• Strong coaching and staff development competency

Annual Base Salary Range or Hourly Base Pay Range

• $84,740.00 - $118,860.00
• Compensation Type: Salary
• Incentive Eligible: No
• Sales Commission Eligible: No