Senior Lease Auditor

2 weeks ago

Cape Town, South Africa MRI Software Full time

From the day we opened our doors in 1971, MRI Software has built flexible, game-changing real estate software solutions to improve people’s lives. The only way to carry out that mission is to hire the absolute best employees on earth. People like you.

Work hard, play hard. Always. Our relentless commitment to client success, our employee resource groups and our promise to empower our teams to reach their full potential are a few examples of what makes MRI Software special.

And we’re insanely dedicated to creating a work environment that you look forward to every single day. That’s why we invest heavily in our employee engagement, so you enjoy the tech industry’s best perks. Together with the whole Pride, (lion roar for "family") employees, customers, and partners, we’re on a mission to break new ground and lead the real estate industry into a digital-first future.
- We understand the need to provide a flexible working environment partnered with team collaboration and socialisation. Therefore, we operate a hybrid working model with 3 days of working from home per week. This role is based in the Cape Town office._

Job Overview:
The Senior Lease Auditor will be responsible for auditing and reconciling financial considerations related to lease agreements, ensuring compliance with lease terms for both investors (landlord’s perspective) and occupiers (tenant’s perspective). The role requires a strong understanding of commercial lease language, expense allocations, and financial analysis to support revenue assurance and savings for clients. This position will require collaboration with internal and external stakeholders, including landlords, legal teams, and third-party auditors. This role will also assist in administering all levels of Lease Administration and special projects as needed by management.

Key Responsibilities

Financial Audit & Reconciliation
- Audit and reconcile all financial lease considerations, including but not limited to:

- Service charges
- Insurance recharges
- Base rent
- Turnover rent
- Utilities
- Deposits
- Conduct detailed analysis of expenses charged, whilst building out standardised checklists and variance worksheets to assess discrepancies.
- Maintain detailed records of audits in progress, tracking status, client communications, outstanding matters, revenue leakage and cost savings.

Lease Compliance & Interpretation
- Interpret commercial lease provisions related to the landlord’s rights to pass through expenses to tenants, ensuring compliance with lease terms.

Dispute Resolution & Communication
- Engage with landlord representatives in a professional and sensitive manner to request supporting documentation for annual statements.
- Troubleshoot and resolve disputes through careful lease language analysis and strategic discussions.

Reporting & Stakeholder Collaboration
- Prepare and manage reports, including lease master audit savings and cost mitigation reports, for client review.
- Collaborate with third-party auditors on lease audit projects as required.

Requirements:

- Must be able to work during UK hours and South African public holidays (you will receive take UK bank holidays instead of SA bank holidays).
- Must have strong knowledge of commercial lease agreements, including lease audit procedures and financial reconciliation.
- Excellent understanding of lease expense allocations, service charges, and cost-sharing provisions.
- Strong negotiation and dispute resolution skills with landlords and property managers.
- Proficiency in financial analysis and reporting tools.
- Excellent verbal and written communication skills.
- Ability to work independently, manage multiple audits, and meet deadlines in a fast-paced environment.
- Experience working in an international leasing environment is desirable.

Preferred Experience
- Previous experience in lease auditing, real estate finance, property management, or lease administration.
- Familiarity with UK and European property regulations and lease structures. Note - the role also extends to reviewing leases from other regions as well.
- Experience working with corporate clients and managing large property portfolios.
- Qualified accountant.

We’re obsessed with making this the best job you’ve ever had

We want our teams to love working here, so we’ve created some incredible perks for you to enjoy:
- We want our staff to love working here, and so we’ve created a few unique perks such as office breakfasts, quarterly lunches and virtual social events. Additionally, we value your input in your employee experience and have employee-led groups such as our DEI committee, employee resource groups such as Women and Allies, and our Pride Event Group- Have confidence in your health with our offered Medical Aid Scheme.- Invest in our competitive Personal Pension plan and help set you up for your future.- Big on family? So are we Here at MRI Software we recognise that your family is important, and being able to spend quality time with

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