Analyst, Leasing Support

Job Location:

PRIMARY PURPOSE:  

The primary focus will be assisting the assigned Account Manager by focusing on the day to day Leasing functions to ensure maximum production and achieve desired EBITDA objectives. The objectives will be accomplished by working with the Account Manager on tenant negotiations, coordinating responses from both the tenant and internal property agents, and maintaining data quality to help reclaim Leasing’s time to lease. An important part of their duties will be performing detailed analysis on lease provisions such as co-tenancy and exclusive use language to ensure future risk to the landlord is minimized.

In addition, each analyst will support the property agents by providing requested financial analysis (i.e. cost comparison of various deals, downtime analysis and IRR analysis).

The analyst will participate in testing and training end users on all systems and upgrades to ensure that they take advantage of the functionality to make their job easier, improve their productivity, eliminate wasted time (re-claim Agent’s time) and minimize duplication of efforts. The analyst will show how using the system can eliminate excessive emails, data re-entry and forgotten action items leading to a quicker sales cycle and enhancing EBITDA.

PRINCIPAL RESPONSIBILITIES:  

The successful candidate’s responsibilities will include, but not be limited to:

Tenant Analysis/ Deal Approval/ Portfolio Review Responsibilities

For tenants negotiated by an account manager,  prepare reports to provide the account manager with data and analysis that enables them to strategize for meetings with tenants. Also includes Account Management analysis, strategic discussions and recommendations, and global analysis to develop overall leasing strategy for a given tenant as well as obtain Deal approval.

• Analyzing Simon data to assist the deal maker in key decisions

• Incorporating tenant proposals and analyze against Simon data

• Kick-outs analysis to provide LL or tenant possibilities

• Comparison of Minimum Rent  to Budget

• Impact of Co-tenancy language and parameters

• Impact of Concessions (i.e. TA, Free Rent)

• Comparison of Sales to Occupancy Costs (Occupancy %)

Preparation of tenant deal approval schedules, ensuring key items are clearly identified for the leasing executives and that all presentations are consistent and presented fairly to show the true impacts.

Prepare analysis and reports for assigned Tenants including impacts to budget, forecast and applicable commentary.

Perform analysis as applicable on key items including but not limited to:  Occupancy, Rent spread, Terminations, Cam, Taxes and sales.

Ensure proper lease review is performed on accounts to ensure the leasing agent and executive management is aware of lease issues as they negotiate lease actions.  Summarize and identify risks, work with the leasing agent to develop mitigation strategy and work with leasing executives to resolve issues.

As applicable, will test upgrades to systems before they are implemented. 

MINIMUM QUALIFICATIONS:

• Degree in Finance or Accounting preferred

• Excellent communication skills

• Detail oriented

• Excellent problem solving skills