Bachelor's degree in accounting, finance, or real estate required.
5+ years of lease auditing experience, ideally in hospitality.
Experience with retail, corporate, or commercial lease agreements.
Proven management experience with increasing responsibility.
Must obtain a valid Food Handler's Card within 30 days of employment.
Responsibilities
Perform 200+ desktop audits and 10-20 onsite audits of landlords' records.
Communicate with landlords and internal departments to resolve audit findings.
Gather lease information to build audit packages for external auditors.
Prepare and analyze reports for Real Estate Legal and Managers.
Make cost reduction recommendations based on audit findings.
Lead and train the Audit team on leasing and property management operations.
Provide strategic guidance on negotiations to maximize financial recoveries.
Benefits
Hybrid work schedule.
401K with company match.
Yearly bonus opportunity.
Full medical, dental, and vision insurance.
On-site fitness center and wellness clinics.
Discounts at Panda restaurants and theme parks.
Paid time off starting at 15 days plus 7 federal holidays.
Continuous education assistance and scholarships.
Income protection including Disability and Life insurance.
Bereavement leave.
Full Job Description
Summary of Job Description:
The Manager, Lease Audit is responsible for leading, training, and developing a high-performing lease auditing team. This position creates and oversees projects that result in substantial savings for the company and creates processes and procedures that improve efficiency. The Manager, Lease Audit provides guidance to the team on how to strategically negotiate settlements and secure financial recoveries. This position oversees data analysis to identify trends and provides reports to the Real Estate Legal, Real Estate Managers and other relevant stakeholders.
Job Responsibilities:
Performs a minimum of 200 desktop audits and 10-20 onsite audits of landlords' books and records involving review of annual reconciliation of operating expenses. Conducts expense analyses against lease terms and market rates to identify overcharges and ensures Panda has been accurately billed and results in substantial savings for the company.
Communicates with landlords, Operations, and Legal departments to resolve audit findings and negotiate settlements as well as collection of overpayments uncovered during audits and secures financial recoveries.
Gathers information pertaining to lease language, historical payments and prior invoices to build an audit package for external auditors. Reviews team's audits for accuracy and identifies any additional savings opportunities. Ensures compliance with lease agreement.
Prepares and reviews reports, analyzing data to provide clear and precise reports and direction to the Real Estate Legal, Real Estate Managers, and other departments
Makes cost reduction recommendations to our business partners regarding audits issues, and identifies potential business issues related to project management.
Leads, orients, and trains the Audit team on leasing and property management operations and coaches and develops team members to elevate their performance in support of achieving the company's growth goals. Works with the Director on the selection, evaluation, and retention of Property Management staff.
Provides strategic guidance to the team on negotiations to maximize financial recoveries and protect Panda's interest.
Establishes, maintains, and monitors adherence to the property's record keeping system. Ensures maintenance and accuracy of the property management database (AMT Direct).
Manages new store openings and prepares LTS's for new stores and renewals accurately. Maintains the accuracy of the property management database (AMT Direct), which includes tracking critical dates, lease abstracts, and lease summaries.
Provides Property Management assistance to Operators to help resolve issues.
How we reward you:
Hybrid Work schedule
401K with company match
Yearly bonus opportunity*
Full medical, dental, and vision insurance *
On-site fitness center, biometric screen, and flu shot clinic
Discounts at Panda restaurants, theme parks, and gym memberships
Paid time off starting at 15 days with 7 federal holidays*
Continuous education assistance and scholarships*
Income protection including Disability, Life and AD&D insurance*
Bereavement leave*
*Benefits available for eligible permanent full time associates
Your background & experience:
Bachelor's degree required, preferably in accounting, finance or real estate
Minimum five years of lease auditing experience with increasing management responsibility, preferably in the hospitality industry
Experience with retail, corporate, or commercial lease agreements
Successful completion of initial and periodically required trainings.
Obtaining a valid Food Handler's Card within 30 days of employment is a requirement of this position.
Pay Range: M2: $112,500 - $158,000 / Annual
* Within the range, individual pay is determined using various factors, including work location and experience.
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About Panda Express
Panda Express is a fast food restaurant chain that specializes in Chinese cuisine. The company was founded in 1983 and is headquartered in Rosemead, California. Panda Express operates over 2,000 locations in the United States and has a presence in several other countries. The company's menu includes a variety of dishes, including orange chicken, kung pao chicken, and chow mein. Panda Express is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact.
