Lease Admin Manager
M.H.Alshaya Co.
Total years of experience :13 years, 11 Months
Responsible for providing & maintaining complete lease administration & data management for all leasing contracts.
Supervising Rental Payments to Landlords on monthly basis.
Preparing detailed Budgets & Financial Reports for leased properties.
Responsible for reconciliation of GL Accounts & make necessary corrections before month end close.
Reconciliation of Landlord’s account & monthly forecast of Rental Payments.
Review Rents to ensure that they are in line with rental markets.
Monitoring of contracts for compliance & cost control.
Informing Management regarding Lease Renewals & Expiry for all the contracts.
Providing various rental reports & accordingly recommend various action & alternatives to management.
Prepare monthly reports on the status and performance of leasing activities.
Review all new and renewing leases to abstract relevant lease dates and determine rental obligations.
Responsible for Identifying accounting provisions in the lease related to prepaid rent, security deposits, contractual rent increases, and free rent periods.
Analyze landlord reconciliations of operating expenses & Confirm billing is in accordance with lease terms.
Provide Previous & Current Financial Information to review business performance & enable to build business plans.
Assist develop advanced financial models and conduct analysis using various tools and techniques (trend analyses on past financial and operational performance, root cause analyses, analysis of profitability drivers, scenario modelling for future options, project cost benchmarking, etc.)
Analyze actuals, forecasts, and budgets and prepare analyses for upper management and corporate performance against benchmarks for total retail business.
Analyze capital spending on projects and make recommendations for approval, rejection, or rework on budget of the project.
Facilitate one or more corporate wide projects such as cash flow modelling, long-term strategic plan models, or cost cutting initiatives such as rental savings plans.
Undertake focused analysis on Capex / investment performance, brand, store & country profitability & ongoing costs reviews.
Coordinate development of business cases and scenario models to drive better business decisions.
Monitoring of ongoing performance & business profitability against plan to enable/give direction to corrective action/optimize ongoing business performance on monthly basis.
Provide commentary to support critical business decisions & provide sound independent financial advice to senior management.
Provide Previous & Current Financial Information to review business performance & enable to build business plans.
Monthly Review of Business Trading Performance by providing MIS reports to management.
Advise & assist with the planning, budgeting, forecasting, analysis & reporting of the total retail business.
Assist in the development of Business Plan & cash flow.
Undertake focused analysis on Capex / investment performance, brand, store & country profitability & ongoing costs reviews.
Review budget against actual capital expenditure every period.
Monitoring of ongoing performance & business profitability against plan to enable/give direction to corrective action/optimize ongoing business performance.
Provide commentary to support critical business decisions & provide sound independent financial advice to senior management.
Monitoring ongoing cost against business plan to give proper direction to corrective ongoing project cost
Maintaining Complete Rental Database & updating it time to time.
Supervising Rental Payments to Landlords on monthly basis.
Responsible for reconciliation of GL Accounts & make necessary corrections before month end close.
Reconciliation of supplier account & monthly forecast of Supplier & Rental Payments.
Analyze Fit-Out Tender Openings & provide report on cost of Tenders.
Working in Retail Property Department of M.H.Alshaya as a Project Accountant.
Invoice Control Management & Price monitoring.
Monitoring and Control of Fit out cost Actual Vs Budget for various stores i.e. New Store, Refurbishment etc thru various mechanism like Cost Tracking Tool, Project Tracking Tool etc
Purchase Order preparation, Follow-up and total responsibility of the process involved.
Continues review and comparison of market prices of material and reporting to management.
Preparing reports from KFR & Monitoring the performance of Stores.
Preparing Fixed Assets Reports & Compiled Inventory Data.
Preparing Weekly Ageing Report.
Maintenance of basic Book Keeping, Subsidiary, Ledger, Petty Cash and other books of Accounts.
Handling account payables and receivables.
Banking activities and reconciliation of bank account.
Finalization of Accounts.
Capitalization of fixed assets in system and passing depreciation entries.
Earmarked and dealt with problematic accounts such as wrong / duplicate payments; prepared reports on the same.
To work on Bank reconciliation of different bank accounts.
Identified, developed, maintained and implemented appropriate internal control procedures to ensure the effectiveness and efficiency of operations. Scrutinized vendors invoices till the final settlement.
Attended to inquiries from customers and employees regarding various system issues and Invoice processing.
Held responsibility of administrative issues including settling Fire & vehicle insurance claims