Senior Lease Analyst

At VF, we strive to foster a culture of belonging based on respect, connection, openness, and authenticity.  So, before we get to the job details, take a minute to learn a little more about us – our values and our culture - visit VF Careers or www.vfc.com.  

What will you do? 

A day in the life of a Senior Lease Analyst at VF looks a little like this. 

As part of VF’s North American Lease Administration and Accounting team, this position is responsible for the financial administration of corporate retail, office, and industrial leases, and other related real estate and sublease contracts. The Senior Lease Analyst will analyze and interpret VF’s varying lease contracts and apply findings as appropriate to ensure contract adherence by VF and its contractual partners, with an emphasis on financial billing/payment compliance and contract-supported cost avoidance. The Senior Lease Analyst will be a go-to member of the Lease Analyst team, serving as a mentor to Lease Analysts by regularly fielding questions and providing trouble-shooting guidance. Let’s break down that day-in-the-life a bit more. 

• Accurately interpret, analyze and communicate details and contractual positions regarding key lease terms with particular focus on lease provisions affecting VF’s financial obligations.
• Successfully apply financial lease terms in the administration of the following regular lease billing/payment activities:
• Review monthly recurring rental costs and fixed rental escalations in comparison to lease payment requirements.
• Review and processing of one-time invoices for reimbursable costs such as CAM, Real Estate Taxes, Insurance, utilities, etc.
• Desktop audit and processing of operating expense (CAM, real estate tax, insurance, utilities, etc.) reconciliations and appropriate dispute of billing errors and/or non-reimbursable costs.
• Perform monthly review and/r preparation of rental statements with proactive actions towards resolution of account discrepancies, payment misapplications, and billing disputes with goal of maintaining VF rental accounts in compliant standing.
• Prioritize, research and resolve incoming default or other non-compliance notices while internally tracking associated actions and results with goal of protecting VF’s rights and contractual standing.
• Process verified payment/credit obligations via the lease management system in accordance with designated procedures and timelines.
• Track expense reconciliation requirements and statuses, including submission deadlines, backup requirements, review deadlines and audit opportunities.
• Establish initial lease-related contacts and payment vendors in conjunction with Accounts Payable and subsequently maintain and update vendor credentials and contacts as required.
• Partner with the North American Real Estate team to communicate cross-functional compliance needs, provide lease status updates as requested, complete estoppel reviews, process incoming tenant allowance payments, security deposit refunds, etc. and to field other requests as needed.

What do you need to succeed? 

We all have unique skills that we bring to work and celebrate every day. For this role, there are foundation skills you’ll need to succeed and excel. Additionally, while formal education in a related field is great to have, we are most interested in your 3-5 years of experience and professional achievements.

The foundation skills you will need in this position are: 

• Bachelor’s degree in Accounting, Finance, Real Estate or related field preferred, or equivalent work experience related to commercial leasing, contract administration, lease accounting, legal, real estate
• Retail tenant/occupier experience preferred
• Experience with lease management systems/databases
• Excellent understanding of systems – Microsoft Office, SAP, Sharepoint
• Strong analytical and problem-solving skills

There are also a few skills that are not required but preferred. 

• Familiarity with ASC 842 lease accounting standard
• Experience with MRI ProLease Direct (formerly AMTDirect)

Now WE have a question for YOU.  

Are you in? 

#LI-WM1

Hiring Range:

Incentive Potential: This position is eligible for additional compensation awards that may include an annual incentive plan, sales incentive, or commission potential. Specific details of the additional compensation eligibility for this position will be provided during the recruiting and interview process.

Benefits at VF Corporation: You can review a general overview of each benefit program offered, including this year's medical plan rates on www.MyVFbenefits.com  and by clicking Looking to Join VF? Detailed information on your benefits will be provided during the hiring process.

Please note, our hiring ranges are determined and built from market pay data. In determining the specific compensation for this position, we comply with all local, state, and federal laws.

At VF, we value a diverse, inclusive workforce and we provide equal employment opportunity for all applicants and employees. All qualified applicants for employment will be considered without regard to an individual’s race, color, sex, gender identity, gender expression, religion, age, national origin or ancestry, citizenship, physical or mental disability, medical condition, family care status, marital status, domestic partner status, sexual orientation, genetic information, military or veteran status, or any other basis protected by federal, state or local laws.  If you are unable to submit your application because of incompatible assistive technology or a disability, please contact us at peopleservices@vfc.com. VF will reasonably accommodate qualified individuals with disabilities to the extent required by applicable law.

Pursuant to all applicable local Fair Chance Ordinance requirements, including but not limited to the San Francisco Fair Chance Ordinance, VF will consider for employment qualified applicants with arrest and conviction records.