Senior Analyst - Real Estate Services & Systems

Company: Penske
Location: Reading
Posted on: January 5, 2021

Job Description:

Position Summary:
Provide day-to-day analytical and property management support required for the acquisition, divestiture, and retained properties in Penske's portfolio of nearly 900 owned and leased properties.

Major Responsibilities:
• Set up rent payment schedules for new leases and those revised by lease amendments. Assist in monthly rent payment process, real estate tax payments, tenant invoicing and CAM reconciliations. Respond to inquiries from District/Area/Region Finance Managers on rent payment questions and reconciliation, including creating excel spreadsheets of rent payments.
• Serve as first point of contact for inquiries from landlords and tenants for property maintenance issues, rent issues and insurance certificate requirements. Assist the Real Estate Managers in resolving issues.
• Research and pay real estate expenses (rent, real estate taxes, etc) with proper general ledger coding. Answer inquiries from Corporate Finance regarding expenses.
• Assist Real Estate Managers with lease renewal process by monitoring lease renewal expiration dates and notice requirements. Prepare and maintain lease renewal report for use/ review by the Real Estate Managers and Vice President of Real Estate.
• Update Real Estate database for owned and leased properties, including purchases/sales; lease renewals, expirations, terminations; landlord information; property information; etc. Validate accuracy of lease abstracts performed by third party provider. Distribute notifications to internal departments for new leased and owned properties, lease expirations, property dispositions and changes.
• Draft, edit and finalize for review and approval of Real Estate Managers and Corporate Legal Counsel: (1) real estate legal contracts (purchase and sale contracts, lease agreements; amendments; estoppel certificates; subordination and non-disturbance agreements; easements; etc.); (2) sale and purchase closing documents and deeds; and (3) correspondence.
• Perform due diligence research for the purchase and sale of properties, including review of title commitment and resolution of title issues. Prepare title objection letters. Perform research of real estate taxes, property liens, UCC-1 filings, etc. Manage closing process including review of closing statement, arrange for document execution and wiring/confirmation of funding. Maintain critical date sheets for pending transactions and maintain closing calendar. Prepare monthly pipeline report for senior management with projections for dispositions and acquisitions.
• Prepare and distribute ad hoc Real Estate reports, as assigned.
• Other projects as assigned by the manager
Qualifications:

Education and Experience Requirements:
• BS/BA preferred
• 5 or more years of demonstrated experience
• Real Estate, Accounting or Paralegal experience preferred
• Proven experience working with Real Estate documents (leases, purchase and sale agreements, Amendments, Easements, Title Policies and Deeds)

Knowledge and Skill Requirements:
• Proficiency in MS Office, with expertise in Word, Excel, Access and Power Point
• TRIRIGA experience a plus, but not required
• Project Management experience
• Excellent written and oral communication skills
• Strong information organizational skills
• Regular, predictable, full attendance is an essential function of the job
• Willingness to travel as necessary, work the required schedule, work at the specific location required, complete Penske employment application, submit to a background investigation (to include past employment, education, and criminal history) and drug screening are required.

Physical Requirements:
-The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
-The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines.
-While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.
-Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

Penske is an Equal Opportunity Employer.

About Penske Truck Leasing
Penske Truck Leasing Co., L.P., headquartered in Reading, Pennsylvania, is a partnership of Penske Corporation, Penske Automotive Group and Mitsui & Co., Ltd. A leading global transportation services provider, Penske operates a
premier fleet of vehicles and serves its customers from locations in North America, South America, Europe, Australia, and Asia. Penske's product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions. Visit www.GoPenske.com to learn more.

Keywords: Penske, Reading , Senior Analyst - Real Estate Services & Systems, Professions , Reading, Pennsylvania