Asset Manager Position Available In Manatee, Florida

Asset Manager
First Watch Restaurants
Bradenton, Florida Overview This individual will be responsible for tasks relative to leasing, real estate lease administration, reconciliation and property management of First Watch restaurants. This role will have heavy interaction with Landlords and partner with various First Watch Teams (Development Management, Real Estate, Facilities, Construction etc.). Responsibilities The essential functions in this job description are not all-inclusive of this position’s duties and responsibilities. Reliable and dependable attendance is required. Proficient understanding of leases, lease compliance or other governing documents.
Oversee the management of 150 restaurant locations within First Watch’s portfolio of over 575+ locations. Responsibilities include but are not limited to lease negotiations, resolving property management issues; reviewing and reconciling monthly and year-end expenses; abstracting lease documents into leasing software; and billing Tenant Improvement Allowance.
Develop and lead the negotiation strategy for approved sites. Work closely with legal counsel on the incorporation of all commercial terms into the lease and support the negotiation of legal terms within the lease. Collaborate and review materials with Real Estate, Design and Construction, and Legal team to identify and resolve potential concerns. Track needed due diligence materials referenced in the LOI and Lease.
Review invoices and process escrow changes. (Rent, Operating Expenses, Utilities, etc). Ensure all charges are allowable per the lease, request and review backup documentation to reconcile accounts, resolve any discrepancies and negotiate for maximum cost savings while also maintaining a positive Landlord-Tenant relationship.

Perform Annual Desktop Audit of Operating Expenses:

Analyze the year-end reconciliation statement to ensure charges are billed in accordance with the lease.

Property Management:

Effectively communicate between internal terms and Landlord to reach a resolution.
Process Estoppels, SNDA’s and Change of Ownership requests. Obtain pertinent supporting documents necessary. Process New Vendor Set-Up forms for New Restaurants and Landlord entity changes. Liaison between Landlord and accounting to obtain and verify required documentation. (W-9, ACH, Landlord Contact Form).
Manage requests for Certificates of Insurance. Liaison between Landlord and Insurance Service Provider to rectify any discrepancies
Bill for

Tenant Improvement Allowance:

prepare invoice and collect all required documentation. Track and monitor deadlines.
Monitor the centralized email box and mail for the Asset Management team: Code and distribute emails and mail to appropriate. people. Respond to general inquiries. Prepare outgoing mail and overnight packages. Maintain physical lease files and monitor retention policy.
Maintain electronic filing system (Dropbox) and leasing software (CoStar) with pertinent lease documents: Coordinate and circulate time-sensitive documents for signature. Qualifications Bachelor’s Degree in a related field is preferred or equivalent education and experience
Five years of experience in Lease Administration/Asset Management
Knowledge of lease administration databases desired (CoStar)
Strong working knowledge of Microsoft Office suite, Smartsheets, Dropbox.
Strong written and verbal communication skills, including the ability to present ideas and suggestions clearly and effectively

Organizational Skills:

ability to multi-task and prioritize assignments while delivering consistent, quality work
Good analytical mind, strong financial acumen, ability to analyze and interpret complex lease clauses Who We Are First Watch is the leading Daytime Dining concept serving made-to-order breakfast, brunch and lunch using fresh ingredients. A recipient of hundreds of local “Best Breakfast” and “Best Brunch” accolades, First Watch’s chef-driven menu rotates five times a year and includes elevated executions of classic favorites alongside specialties such as its Quinoa Power Bowl, Lemon Ricotta Pancakes, Chickichanga, Morning Meditation fresh juice and signature Million Dollar Bacon. After first appearing on the list in 2022 and 2023, First Watch was named 2024’s #1 Most Loved Workplace® in America by Newsweek and the Best Practice Institute. In 2023, First Watch was named the top restaurant brand in Yelp’s inaugural list of the top 50 most-loved brands in the U.S. In 2022, First Watch was awarded a sought-after MenuMasters honor by Nation’s Restaurant News for its seasonal Braised Short Rib Omelet. First Watch operates more than 580 First Watch restaurants in 31 states. For more information, visit www.firstwatch.com. First Watch is an equal opportunity employer. In compliance with the Americans with Disabilities Act, First Watch will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.