What are the responsibilities and job description for the Global Rent Manager – Commercial Leasing position at IWG?
Global Rent Manager – Commercial Leasing (Remote)
About the company
IWG has been at the forefront of the flexible workspace revolution for more than 30 years. We have made it possible for organizations and individuals everywhere to take a new approach to the traditional working day. We have over 3,400 locations across over 110 countries allowing millions of people every day to have a great day at work.
Our customers are start-ups, small and medium-sized enterprises, and large multinationals. With unique business goals, people and aspirations. They want workspaces and communities to match their needs. We provide them with choice through our portfolio of brands, covering serviced offices (Regus, Spaces, HQ, Signature and No18), commercial real estate brokerage and managed office solutions.
Join us at www.iwgplc.com
About the Role
The Global Rent Manager is responsible for controlling the company’s rent expenditures across the global portfolio of leased properties. The primary objective is to ensure the company pays the appropriate amount of rent while maximizing rent savings by enforcing internal protocols or negotiating external claims with landlords.
- Controlling the company’s rent spend against annual targets.
- Maximizing rent savings via changes to internal protocols and external cost-savings efforts with our landlords.
- Prepare monthly report on rent variances, rent expenditures to target, and savings.
- Utilize established rent targets to generate insightful metrics on rent obligations.
- Use analytics to identify trends and opportunities for cost-saving and efficiency.
- Analyse financial reports related to rent expenditures and savings.
- Identify rent claims and escalate them for further investigation and resolution.
- Lead negotiations to resolve escalated rent claims, coordinating with Audit, Legal, and Finance teams as necessary.
- Develop and implement financial strategies to optimize rent spend and savings.
- Ensure compliance with internal accounting policies and liaise with Finance and Accounting teams as necessary to understand rent schedules and financial reporting.
- Collaborate with the finance team to integrate rent data into overall financial planning and reporting.
- Provide financial insights and recommendations to senior management regarding rent-related decisions.
- Conduct regular audits of rent payments and agreements to ensure accuracy and compliance.
- Coordinate with Audit and Lease Admin teams to increase rent schedule accuracy.
- 3 years’ experience in property or lease accounting, portfolio or estate management, or related real estate experience.
- Bachelor’s degree in business, finance, real estate, accounting, or similar discipline.
- Excellent analytical and problem-solving skills.
- Demonstrated expertise in organization, time management, and project management.
- Competency in the Microsoft Office suite of products: Teams, Outlook, Word, Excel, PowerPoint.
- Proficiency in financial software and tools, such as Microsoft Dynamics, Power Apps, and Power BI.
- 7 years in tenant-side property accounting with experience supporting lease negotiations
- Certified Public Accountant (CPA), Chartered Certified Accountant (ACCA), or equivalent accounting certification.
- Strong understanding of financial regulations and accounting principles including lease accounting standards promulgated by the Financial Accounting Standards Board (FASB) and experience creating or managing GAAP (ASC 842) rent schedules for financial reporting.
