Job Description
Full job description
Global Rent Manager
Location: Europe (Flexible)
About the Role
The Global Rent Manager is responsible for controlling the company’s rent expenditures across the global portfolio of leased properties. The primary objective is to ensure the company pays the appropriate amount of rent while maximizing rent savings by enforcing internal protocols or negotiating external claims with landlords.
Key objectives of the role:
Controlling the company’s rent spend against annual targets.
Maximizing rent savings via changes to internal protocols and external cost-savings efforts with our landlords.
Other accountabilities and responsibilities:
Prepare monthly report on rent variances, rent expenditures to target, and savings.
Utilize established rent targets to generate insightful metrics on rent obligations.
Use analytics to identify trends and opportunities for cost-saving and efficiency.
Analyse financial reports related to rent expenditures and savings.
Identify rent claims and escalate them for further investigation and resolution.
Lead negotiations to resolve escalated rent claims, coordinating with Audit, Legal, and Finance teams as necessary.
Develop and implement financial strategies to optimize rent spend and savings.
Ensure compliance with internal accounting policies and liaise with Finance and Accounting teams as necessary to understand rent schedules and financial reporting.
Collaborate with the finance team to integrate rent data into overall financial planning and reporting.
Provide financial insights and recommendations to senior management regarding rent-related decisions.
Conduct regular audits of rent payments and agreements to ensure accuracy and compliance.
Coordinate with Audit and Lease Admin teams to increase rent schedule accuracy.
Minimum Qualifications:
3+ years’ experience in property or lease accounting, portfolio or estate management, or related real estate experience.
Bachelor’s degree in business, finance, real estate, accounting, or similar discipline.
Excellent analytical and problem-solving skills.
Demonstrated expertise in organization, time management, and project management.
Competency in the Microsoft Office suite of products: Teams, Outlook, Word, Excel, PowerPoint.
Proficiency in financial software and tools, such as Microsoft Dynamics, Power Apps, and Power BI.
Preferred Qualifications:
7+ years in tenant-side property accounting with experience supporting lease negotiations
Certified Public Accountant (CPA), Chartered Certified Accountant (ACCA), or equivalent accounting certification.
Strong understanding of financial regulations and accounting principles including lease accounting standards promulgated by the Financial Accounting Standards Board (FASB) and experience creating or managing GAAP (ASC 842) rent schedules for financial reporting
About the company:
IWG has been at the forefront of flexible working for over 35 years. With nearly 4,000 locations around the globe, spanning brands including Regus, Spaces, Signature and HQ, we have made it possible for businesses of all sizes to make the transition to hybrid working, empowering employees to work wherever and whenever is most convenient.
We help more than 8 million people and their businesses to work more productively, supported by a choice of professional, inspiring and collaborative workspaces, communities and services.
As the world’s leading provider of hybrid work solutions, with four times the number of locations compared to its nearest competitor, IWG is already working with over 80% of the Fortune 500 and counts businesses including Amazon, Netflix, EY and Uber amongst its customers.
Companies of all sizes are shifting to flexible working to lower costs, improve employee retention and lower their carbon emissions. The flexible workspace is expected to grow by 600% by 2026, when 30% of all office space will be hybrid. We are growing our network faster than ever to keep up with demand from customers as we work towards our goal of reaching 30,000 centres.
Global Rent Manager
Location: Europe (Flexible)
About the Role
The Global Rent Manager is responsible for controlling the company’s rent expenditures across the global portfolio of leased properties. The primary objective is to ensure the company pays the appropriate amount of rent while maximizing rent savings by enforcing internal protocols or negotiating external claims with landlords.
Key objectives of the role:
Controlling the company’s rent spend against annual targets.
Maximizing rent savings via changes to internal protocols and external cost-savings efforts with our landlords.
Other accountabilities and responsibilities:
Prepare monthly report on rent variances, rent expenditures to target, and savings.
Utilize established rent targets to generate insightful metrics on rent obligations.
Use analytics to identify trends and opportunities for cost-saving and efficiency.
Analyse financial reports related to rent expenditures and savings.
Identify rent claims and escalate them for further investigation and resolution.
Lead negotiations to resolve escalated rent claims, coordinating with Audit, Legal, and Finance teams as necessary.
Develop and implement financial strategies to optimize rent spend and savings.
Ensure compliance with internal accounting policies and liaise with Finance and Accounting teams as necessary to understand rent schedules and financial reporting.
Collaborate with the finance team to integrate rent data into overall financial planning and reporting.
Provide financial insights and recommendations to senior management regarding rent-related decisions.
Conduct regular audits of rent payments and agreements to ensure accuracy and compliance.
Coordinate with Audit and Lease Admin teams to increase rent schedule accuracy.
Minimum Qualifications:
3+ years’ experience in property or lease accounting, portfolio or estate management, or related real estate experience.
Bachelor’s degree in business, finance, real estate, accounting, or similar discipline.
Excellent analytical and problem-solving skills.
Demonstrated expertise in organization, time management, and project management.
Competency in the Microsoft Office suite of products: Teams, Outlook, Word, Excel, PowerPoint.
Proficiency in financial software and tools, such as Microsoft Dynamics, Power Apps, and Power BI.
Preferred Qualifications:
7+ years in tenant-side property accounting with experience supporting lease negotiations
Certified Public Accountant (CPA), Chartered Certified Accountant (ACCA), or equivalent accounting certification.
Strong understanding of financial regulations and accounting principles including lease accounting standards promulgated by the Financial Accounting Standards Board (FASB) and experience creating or managing GAAP (ASC 842) rent schedules for financial reporting
About the company:
IWG has been at the forefront of flexible working for over 35 years. With nearly 4,000 locations around the globe, spanning brands including Regus, Spaces, Signature and HQ, we have made it possible for businesses of all sizes to make the transition to hybrid working, empowering employees to work wherever and whenever is most convenient.
We help more than 8 million people and their businesses to work more productively, supported by a choice of professional, inspiring and collaborative workspaces, communities and services.
As the world’s leading provider of hybrid work solutions, with four times the number of locations compared to its nearest competitor, IWG is already working with over 80% of the Fortune 500 and counts businesses including Amazon, Netflix, EY and Uber amongst its customers.
Companies of all sizes are shifting to flexible working to lower costs, improve employee retention and lower their carbon emissions. The flexible workspace is expected to grow by 600% by 2026, when 30% of all office space will be hybrid. We are growing our network faster than ever to keep up with demand from customers as we work towards our goal of reaching 30,000 centres.
💡 Quick Summary
Seeking a career-building opportunity? The Global Rent Manager position is now open for candidates interested in the Accountant Jobs sector. This role in London offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.