Job Description

The Asset Manager will be responsible for tasks relative to 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.).

The essential functions in this are not all-inclusive of this position’s duties and responsibilities.  Reliable and dependable attendance is required.

• Oversee Lease administration and property management functions for 150 restaurant locations within First Watch’s portfolio
• Resolve property management issues, review and reconcile monthly and year-end expenses, and process Tenant Improvement Allowance
• Review invoices and process escrow changes (Rent, Operating Expenses, Utilities, etc.) while also maintaining a positive Landlord-Tenant relationship
• Perform Annual Desktop Audit of Operating Expenses and Analyze year-end reconciliation statement to ensure charges are billed in accordance with the lease
• Process Estoppels, SNDA’s and Change of Ownership requests, obtaining pertinent supporting documents as necessary
• Process New Vendor Set-Up forms for New Restaurants and Landlord entity changes
• Coordinate between Landlord and accounting to obtain and verify required documentation. (W-9, ACH, Landlord Contact Form)
• Manage requests for Certificates of Insurance and work with landlord and insurance provider to rectify discrepancies
• Monitor the centralized email and physical mailbox 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 (Pro Lease, CoStar) with pertinent lease documents
• Coordinate and circulate time-sensitive documents for signature

• 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 (Pro Lease, CoStar)
• Proficient understanding of leases, lease compliance or other governing documents
• Strong working knowledge of Microsoft Office suite, Smartsheets, Dropbox

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 570 First Watch restaurants in 30 states. For more information, visit  .

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

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