Real Estate Asset Manager

The Fresh Market & You::

Our mission is to make everyday eating extraordinary for our guests. We create a warm, welcoming, memorable experience with exceptional, personal service. We’re looking for a new team member who strives for excellence and brings positive energy, commitment, and a “can-do” attitude to work every day. We value teamwork and celebrate our successes as a team and will value your contribution!

Added Benefits for choosing The Fresh Market Team:

• Team member discount up to 40%
• Health, Dental & Vision insurance available for individual, spouse, partner, and family.
• 401K contribution and match for part-time and full-time team members.
• Personal time off and additional time off purchase plans available
• And much more!

The Fresh Market currently has an opening for a Real Estate Asset Manager in our Store Support Center (099). The Real Estate Asset Manager is responsible for managing all Lease Administration functions to ensure The Fresh Market’s continued and uninterrupted operation and compliance with lease-related obligations, including the management and coordination of legal issues, critical dates and financial obligations, through collaborative and cross functional engagement with operations, landlords, and other corporate players. Real Estate Asset Manager is responsible for the accurate and timely management and update of data and records, both hard and soft, including lease related data in all Real Estate Systems. Real Estate Asset Manager ensures that the occupancy cost goals and budget are met and properties are managed in a proactive manner to the benefit of the company.

This role is fully remote within The Fresh Market's store footprint, and reports to the Senior Real Estate Asset Manager.

#LI-CL1 #LI-REMOTE

• Proactively manages interactions with landlords to foster positive relationships and enhance the customer experience with minimal disruption to the store operations team
• Proactively works with ZVP and RMOs to identify and resolve problems
• Oversees and manages charges hitting occupancy-related GL accounts including rent, prepaid rent and security deposits, percentage rent, escrows and reconciliations.
• Manages detailed expense analysis and pass thru billings and collection for subleased properties. Ensure subtenants are current with rent payments, collect and bill back as necessary. Manages aged receivable process for subleased properties.
• Manage, approve, and oversee the generation of monthly recurring rent roll for the entire portfolio. Manages accuracy and timeliness of payments.
• Manages desktop audit process for all escrow reconciliations for CAM and Insurance and the process for all operating expense, parking, utilities, and other lease-related additional rent escalation and pass-through expense invoices.
• Manages SOX documentations relating to lease accounts payable and receivable and interacts with internal and external auditors relating to SOX compliance.
• Manages vendors engaged for auditing, collections, and invoice processing.
• Manages lease abstraction to ensure the abstraction is consistent, predictable and accurate.
• Coordinates with other department leaders to ensure that the data collected is consistent with their needs and reportable.
• Establishes audit process for maintaining an ensuring accurate data abstraction.
• Analyzes and Interprets Lease Agreements and their ancillary documents to ensure proper application/compliance regarding billings and payments and disputes expenses when necessary and tracks savings when appropriate.
• Obtain and/or prepare financial information related to specific transactions analyze impact as it relates to the specific location and company P&L and make prudent business decision recommendations.
• Reviews, recommends and presents to Leadership all Lease Administration documents and issues for signoff and approval.
• Creates, builds, and manages an end to end program to provide a consistent experience for customers, landlords and operators working with stakeholders across the company.
• Ensure that expenditures comply with The Fresh Market policies and approve expenditures, per established authority level.
• Manages and tracks all lease critical dates and coordinates and monitors action related to critical dates with others as required.
• Manage any/all incoming default notices from LL and distribute to the appropriate internal contacts responsible for resolution. Follow up through completion.

QUALIFICATIONS

At a minimum, what you’ll need:

• Bachelor's degree.
• 3 -5 years’ experience managing Lease Administration or Property Management within a retail company or law firm, or equivalent combination of education and experience.
• Strong oral and written communication skills; including the ability to effectively present information and respond to questions from all levels of management, attorneys, engineers, appraisers, code enforcement officers, landlords, clients, customers and the general public.
• Understanding of financial concepts such as net present value, cap rates, commercial real estate financial analysis, financial statements, proformas, lease accounting, and accounting standards.
• Advanced professional knowledge of retail commercial real estate and functional concepts, practices and procedures.
• Understanding of budgetary concepts and procedures – managing to P&L.
• Demonstrated analytical ability and problem solving skills.
• Strong attention to detail, planning, and organizational skills.
• Excellent verbal and written communication skills.
• Strong computer skills, systems aptitude, and experience.
• Ability to work independently and with a high level of energy and initiative.
• Ability to interface with all levels of management.
• Advanced PC and Microsoft Office skills.
• Ability to review property and all related documents with a critical eye and identify risk or opportunities.
• Ability to cope with shifting priorities, difficult situations and deadlines.

Preferred qualifications:

• Experience in the grocery industry

REASONABLE ACCOMMODATIONS: Consistent with applicable laws, TFM will make reasonable accommodations for qualified applicants and team members, unless doing so would result in an undue hardship to TFM. This guiding principle applies to all aspects of employment, including hiring and job assignment, compensation, discipline, termination, and access to benefits and training.

REASONABLE ACCOMMODATIONS: Consistent with applicable laws, TFM will make reasonable accommodations for qualified applicants and team members, unless doing so would result in an undue hardship to TFM. This guiding principle applies to all aspects of employment, including hiring and job assignment, compensation, discipline, termination, and access to benefits and training.

We are proud to be an Equal Opportunity employer. Qualified applicants will receive consideration for employment without regard race, color, creed, religion, age, sex, gender, sexual orientation, gender identity, pregnancy and related medical conditions, national origin, genetic information, uniformed service, veteran status, disability, or any other basis prohibited by federal or state law.

The statements in this job description are provided to describe the general nature and level of work expected in this role. While these statements include the essential functions of the job, they are not intended to be a complete list of all responsibilities, duties and skills required. As we work as a team, there may be times team members are needed to perform duties outside of their normal responsibilities based on business needs.