Real Estate Tax Lease Analyst
The posted compensation range of $36.00 - $44.00 /hour is a reasonable estimate that extends from the lowest to the highest pay CommonSpirit in good faith believes it might pay for this particular job, based on the circumstances at the time of posting. CommonSpirit may ultimately pay more or less than the posted range as permitted by law.
Responsibilities
The Real Estate Lease Analyst is responsible for independently managing the integrity of real estate portfolio data for a complex portfolio and providing related direct support to the National Real Estate Services team. This includes all the responsibilities listed in the Accountabilities Sections below.
Update the Common Spirit Owned and Leased Property Database as new facilities are acquired, sold, or leased.
Prepares lease abstracts and edits them for accuracy, and also has the ability to manage a 3rd party abstractor to ensure a high level of quality.
Track payables and receivables associated with the leases in the portfolio and prepares the appropriate supporting documentation and rent reports for approvals.
Prepare invoices for subtenants, reconciles subtenant accounts, reviews incoming invoices for errors/accuracy with lease document and ensures correct coding.
Prepares and distributes critical date reports, maintains lease management system for tracking important dates and tasks.
Performs annual operating expense reconciliations, monitors audit windows and audit requirements contained in the lease documents.
Conduct financial analysis as needed, including AR/AP, rent rolls, and budgets in accordance with required accounting principles, such as ASC842 and GAAP.
Support tax team with parcel research and tax payment histories as needed.
Manage and research of vendor payments, including the preparation of documentation to obtain purchase orders (PO), obtain approval of invoices and submit for payment, tracks payments against POs when required.
Manage the Tenant Improvement Reimbursement process, assuring all owed reimbursement from landlords are collected as required.
Correspondence with hospital administration and Foundation clients, landlords, brokers and associated real estate service providers regarding the provision of real estate facilities and services.
Preparation of FMV documentation, preparing NPV worksheets, submittal to legal for document preparation and legal approval
Manage the lease execution process, including lease distribution to all related individuals; assure insurance requirements are met, obtaining W9 information from landlords.
Coordinate meetings and provide administrative support for Managers of Corporate Real Estate Services, including assisting in preparation of Power Point presentations, Webex, telephone support and the submission of Lease Services Request to Legal
nalyze property financial statements, rent rolls, operation expenses and proposed proforma’s.
Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
Prepare adhoc reports from Common Spirit Lease Real Estate Database.
Independent collection of real estate transactional data in supporting RE managers with the lease, joint ventures, 0acquisitions/disposition transactions.
Manage the acquisition of information from brokers, appraisers, title officers, legal and associated tasks in preparation for real estate transactions.
Assist in preparing analysis and reports for real estate transactions including, but not limited to:
• Due diligence for new acquisitions and sales
• Joint ventures and mergers
• Request for Proposals (RFPs) for MOB developments and associated projects
• NPV analysis
• LOI preparation
• Common Spirit leases and real estate transaction processes
• Tenant signage
• Maintaining legal log
Assist in the preparation of RFP respondent comparison and analysis spreadsheets for developer selection process.
Gather and evaluate economic, demographic and other associated real estate market data.
Prepare periodic powerpoint presentations for hospital and corporate senior management projects.
The job summary and responsibilities listed above are designed to indicate the general nature of the work performed within this job. They are not designed to contain or be interpreted as a comprehensive inventory of all job responsibilities required of employees assigned to this job. Employees may be required to perform other duties as assigned.
Qualifications
- Bachelor’s degree in Real Estate Management, Economics, Business Administration Required
- 5 years working in the Real Estate Services field Required
Experience in Database Management Required
- Experience with relational databases and other tools to compile and interprets quantitative data & MS office applications
- Experience in Database Management
- Experience with relational databases and other tools to compile and interprets quantitative data & MS Office Applications
- Experience with providing visible sponsorship and guidance of major change initiative.
Experience in completing commercial real estate transactions
Experience in financial modeling and analysis
- Demonstrated advanced working knowledge in MS Office applications, with a concentration on Excel
Inspired by faith. Driven by innovation. Powered by humankindness. CommonSpirit Health is building a healthier future for all through its integrated health services. As one of the nation’s largest nonprofit Catholic healthcare organizations, CommonSpirit Health delivers more than 20 million patient encounters annually through more than 2,300 clinics, care sites and 137 hospital-based locations, in addition to its home-based services and virtual care offerings. CommonSpirit has more than 157,000 employees, 45,000 nurses and 25,000 physicians and advanced practice providers across 24 states and contributes more than $4.2 billion annually in charity care, community benefits and unreimbursed government programs. Together with our patients, physicians, partners, and communities, we are creating a more just, equitable, and innovative healthcare delivery system.
Unless directed by a Collective Bargaining Agreement, applications for this position will be considered on a rolling basis. CommonSpirit Health cannot anticipate the date by which a successful candidate may be identified.
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Depending on the position offered, CommonSpirit Health offers a generous benefit package, including but not limited to medical, prescription drug, dental, vision plans, life insurance, paid time off (full-time benefit eligible employees may receive a minimum of 14 paid time off days, including holidays annually), tuition reimbursement, retirement plan benefit(s) including, but not limited to, 401(k), 403(b), and other defined benefits offerings, as may be amended from time to time. For more information, please visit https://www.commonspirit.careers/benefits.
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Equal Opportunity
CommonSpirit Health™ is an Equal Opportunity/Affirmative Action employer committed to a diverse and inclusive workforce. All qualified applicants will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, parental status, ancestry, veteran status, genetic information, or any other characteristic protected by law. For more information about your EEO rights as an applicant, please click here [PDF].
CommonSpirit Health™ will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c). External hires must pass a post-offer, pre-employment background check/drug screen. Qualified applicants with an arrest and/or conviction will be considered for employment in a manner consistent with federal and state laws, as well as applicable local ordinances, ban the box laws, including but not limited to the San Francisco and Los Angeles Fair Chance Ordinances. If you need a reasonable accommodation for any part of the employment process, please contact us by telephone at (415) 438-5575 and let us know the nature of your request. We will only respond to messages left that involve a request for a reasonable accommodation in the application process. We will accommodate the needs of any qualified candidate who requests a reasonable accommodation under the Americans with Disabilities Act (ADA). CommonSpirit Health™ participates in E-Verify.