Real Estate Portfolio Administration provides support, space administration, fixed asset management, lease and sublease administration, lease accounting and SEC reporting for Oracle’s global real estate portfolio.
Real Estate Portfolio Administration’s overall objective is to provide consistent, accurate, and timely site and portfolio information to ensure real estate costs and space are managed and allocated efficiently and effectively and meeting the reporting standards under ASC 842 / IFRS 16 in 96 countries representing approximately 26m square feet.
This position is a lease administration / accounting position assisting with the management of Oracle’s Global Real Estate Lease portfolio
As a lease administrator you will be responsible for the day to day administration of Oracle’s lease contracts, collaborating with the sublease administrator for subleases in your geographical region, and assisting with facility sharing agreements between Oracle subsidiaries. This involves the entry and maintenance of lease data, payment of rent, desk auditing operating expenses, and other lease related payments as well as the implementation of new leases and leases associated with mergers & acquisition activity into Oracle’s proprietary software application.
This position is responsible for managing the lease accounting under ASC 842 and/or IFRS 16, conducting audits of payments against lease provisions to ensure SOX compliance and expense control. Communicating with landlords, project managers and facility managers globally as needed. Supporting all groups within Oracle’s Global Real Estate Organization, Accounts Payable, Accounts Receivable, Controllers Organization and Global Finance. Working with multiple currencies and the ability to adapt to different industry standards for real estate markets around the world. Abstracting from translated leases and abstracts. Utilizing translation websites to assist with translation when necessary. Gathering and auditing data from your geographical regions for internal and external business reporting on a monthly, quarterly and annual basis.
BA/BS degree and 3-4 years Lease Administrator, Commercial/Corporate Real Estate Portfolio and/or Lease Accounting Experience. This candidate must be able to perform in a fast paced environment and possess a high degree of organization and ability to prioritize tasks as well as excellent communication skills, both written and verbal, meticulous attention to detail, critical thinking and problem solving skills along with a “self-starter” attitude, and resourcefulness. Strong financial analysis skills and accounting experience are preferred.