Lease Administrator

About Chipotle Mexican Grill

Chipotle Mexican Grill is dedicated to transforming fast food by serving responsibly sourced ingredients prepared with care and integrity. The company operates restaurants primarily in North America and Europe and aims to make better food accessible to everyone while advancing sustainable practices and digital innovation in the food industry.

Role Overview

The Lease Administrator plays a critical role in supporting Chipotle's commercial real estate portfolio by ensuring compliance with lease agreements, managing occupancy costs, and facilitating long-term tenancy. This position acts as a key liaison between internal teams—including property management, finance, legal, operations, and construction—and external landlords and their representatives.

Key Responsibilities

• Analyze lease documents to identify essential dates, process stipulations, and manage recurring payments such as Common Area Maintenance, Taxes, and Insurance.
• Accurately approve and process monthly rent along with one-time or out-of-cycle payments, providing supporting reports as necessary.
• Monitor Tenant Improvement (TI) allowances, obtain documentation, invoice, collect, and process payments accordingly.
• Abstract information from monthly lease renewals and amendments to maintain up-to-date records.
• Set up anticipated rent payments within systems to support accurate accrual accounting.
• Analyze sales figures and lease clauses to calculate and prepare percentage rent payments.
• Audit and reconcile landlord invoices and ledgers to ensure payments match lease terms and resolve discrepancies.
• Communicate and negotiate with landlords to address lease issues, disputes, or adjustments related to escrow, utilities, and payment application.
• Review annual operating expenses and perform CAM reconciliations to control occupancy costs and confirm landlord compliance.
• Manage various rent payment models, ensuring payments are made on time and accurately reported.
• Share lease obligation insights with internal business partners to inform decisions throughout the lease lifecycle.
• Contribute to process improvements for departmental efficiency and provide actionable business analysis.
• Maintain organized electronic lease documentation files.

Candidate Qualifications

• Bachelor’s degree (B.A./B.S.) or equivalent 3-5 years' experience in commercial real estate lease administration, property management, or a related field, preferably with retail or restaurant background.
• Advanced proficiency in Microsoft Excel and strong technical ability to work with various lease administration software.
• Solid comprehension of lease and real estate industry terminology and concepts.
• Exceptional analytical, communication, and numerical skills.
• Detail-oriented, highly organized with a professional attitude and excellent interpersonal skills.

Compensation and Benefits

Estimated annual base salary ranges from $67,000 to $95,500. Employees are also eligible for performance-based annual bonuses and equity awards. Chipotle provides a comprehensive benefits package including medical, dental, vision insurance, 401k plan, paid sick leave, vacation time, and more.

Diversity and Accessibility

Chipotle values diversity, equity, and inclusion at all organizational levels. The company encourages applications from all qualified candidates regardless of personal characteristics and provides accommodations under the Americans with Disabilities Act and applicable laws. Applicants needing accommodations during the hiring process are invited to contact the company’s designated email.