Analyst, Lease

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 17,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Job Responsibilities:

• Review critical information previously abstracted from leases into Tririga (lease management system) for accuracy on all new and relocated Five Below locations
• Evaluate/analyze co-tenancy clauses in the lease for all new/relocated stores and compare to landlord’s roster/site plan for violations; contact the landlords with any disputes and follow through to completion, ensuring we have documentation of such resolutions/agreements; record all cost savings in department log
• Perform set up of co-tenancy system for all new and relocated stores to use in our recurring evaluation of the shopping center’s health/co-tenancy status to include a listing of all tenants/spaces in the shopping center with square footage data, co-tenancy requirements/rules as defined in the lease (translated as required to meet system entry requirements) and current site plans
• Perform quarterly co-tenancy surveys, evaluate/analyze the results of each survey, update the co-tenancy system as required and dispute any violations with the landlords until resolution
• Perform reviews of our exclusive and restricted use clauses to identify any potential violations and/or opportunities for rent reductions or leverage in lease negotiations
• Evaluate/analyze Initial invoice to confirm lease terms have been applied correctly, critical dates have been calculated accurately and rent amounts/calculations are correct; assist with follow through on all disputes on the initial invoice until resolved, ensuring we have documentation of such resolutions/agreements; review updates to Tririga ensuring the settings are accurate for lease accounting calculations; record all cost savings in department log
• Evaluate/analyze landlord statements/invoices, as needed, to ensure compliance with lease terms and dispute any non-compliant charges by citing specific lease clauses or historical agreements on same/similar issues; ensure updated documentation is received to support all agreements made in the resolution of such disputes
• Assist with review/analyzing of square footage variances between the lease and our architect’s measurement, dispute the size with landlords and obtain required lease amendments when a change is required
• Evaluate/review possession dates to ensure agreement between landlord and construction team, identify delays in possession and calculate the corresponding rent credits for such delays as defined in the lease
• Create/Review Term Commencement Letters for landlord/tenant signature confirming critical dates/terms for all new and relocated leases
• Identify and communicate lease contingency requirements to the team to ensure all terms of the lease have been met
• Work closely with outsource team to assist with reconciling accounts by analyzing the landlord’s ledger, identifying incorrect billings and/or misapplications of prior payments, maintaining detailed documentation on all disputes and following up on all issues until resolved
• Evaluate default notices received, research items identified in the notice and work with landlords to resolve any outstanding issues
• Process any landlord insurance requests, as needed, through our insurance company and report any customer accidents which occurred in the common area to landlords for handling
• Maintain/update lease management system with current landlord contact information, rent payment and notice address information as required
• Communicate with cross functional departments regarding lease and financial information
• Assist Manager with any special projects

Qualifications:

• Bachelor’s degree from four-year college or university or relevant work experience
• At least 2 years of accounting, bookkeeping or commercial real estate experience in lease administration
• Excellent mathematical skills with ability to calculate figures such as rent, percentage rent and rent adjustments
• Highly detail oriented with critical degree of accuracy regarding data entry and analysis
• Proficient in Microsoft office; Advanced knowledge of MS Excel
• Ability to prioritize and manage multiple project tasks within a fast-paced, dynamic work environment
• Capable of trouble-shooting issues with logic and ease
• Ability to communicate effectively with cross-functional teams

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

Five Below is an Equal Opportunity Employer.