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Corning Incorporated Global Lease Administrator in Charlotte, North Carolina

Global Lease Administrator

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Date: May 26, 2023

Location: Charlotte, NC, US, 28216Corning, NY, US, 14831

Company: Corning

Requisition Number: 60735

Corning is vital to progress – in the industries we help shape and in the world we share.

We invent life-changing technologies using materials science. Our scientific and manufacturing expertise, boundless curiosity, and commitment to purposeful invention place us at the center of the way the world interacts, works, learns, and lives.

Our sustained investment in research, development, and invention means we’re always ready to solve the toughest challenges alongside our customers.

Corning’s businesses are ever evolving to best serve our customers, industries, and consumers. Today, we accelerate and transform life sciences, mobile consumer electronics, optical communications, display, and automotive markets.

We are changing the world with:

• Trusted products that accelerate drug discovery, development, and delivery to save lives

• Damage-resistant cover glass to enhance the devices that keep us connected

• Optical fiber, wireless technologies, and connectivity solutions to carry information and ideas at the speed of life

• Precision glass for advanced displays to deliver richer experiences

• Auto glass and ceramics to drive cleaner, safer, and smarter transportation

Global Lease Administrator

Location: Corning, New York, Charlotte, North Carolina or Remote

Job Description : The objective of this position is to facilitate and maintain an efficient and effective real estate lease administration/accounting process across the enterprise for GRE lease process operations. This role will include real estate owned and leased properties administration, and the performance of lease accounting tasks. Ensuring maintaining integrity and quality of all aspects of the lease administration and lease accounting functions for Corning’s real estate leases. This role will manage the leases across the enterprise including support for the administration of the leases and accounting decisions on a lease-by-lease basis.

Specific duties include:

  • Effectively partner with the GRE Transaction Managers, the outsourced provider of lease administration services, and other professional resources and internal cross functional business partners, ensuring seamless communication, coordination, high quality outputs and overall high team performance.

  • Ensure strong, collaborative relationships within the group, both internally with other real estate sub-functions and externally with client partners to consistently elevate the quality of thinking and ideas applied to the client business.

  • Ensure documentation for lease transactions is entered into IWMS system and reflected accurately. Also, ensure documentation for lease transactions is saved to local share drives and stored properly on site.

  • Submit real estate lease documents to GRE vendor to abstract. Track abstraction progression and timeline. Answer GRE vendor inquiries regarding real estate lease entries.

  • Review real estate lease documents and ensure IWMS (Integrated Workplace Management System) – IWMS inputs matching lease contracts accurately. Responsible to communicate with GRE vendor to correct IWMS entry errors.

  • Collaborate with suppliers, GRE, WPS, Shared Services, technical accounting and cross functional business partners to ensure all leases are captured for system and accounting purposes.

  • Answer high volume of lease inquiries from multiple customers on a daily basis

  • Run Lease Abstract Report, Amortization and Accretion (A&A) Schedules for BU finance approval. Classify real estate leases in IWMS and work with businesses to resolve lease accounting questions.

  • Support the lease accounting function on the GRE side for technical accounting/business unit finance teams; which may include lease analysis/abstraction, journal entries, account/payment reconciliations and footnote disclosures.

  • Ensure internal controls and procedures comply with Sarbanes-Oxley requirements for all lease administration and lease accounting related processes.

  • Responsible to save weekly / monthly / quarterly / yearly reports to GRE shared drives

  • Prepare various real estate reports from the IWMS system

  • Assist Global Real Estate Transaction Manager with SOP and Training documentation for Lease Administration / Lease Accounting functions. Required Qualifications, Competencies,

Education or Experience:

  • B.S. Degree in Business, Real estate or Finance or equivalent demonstrated experience.

  • 2-5 years of demonstrated lease administration experience and well-developed understanding of lease contract language, lease abstraction and accounting, controls and cross functional business partnership experience.

  • Demonstrated ability to document a broad range of accounting issues in work papers, disclosures and memos.

  • Solid analytical abilities.

  • The ability to interact with business leaders, associates and lead teams.

  • Demonstrated use of technology to improve process including proficiency in Microsoft Excel, TRIRIGA, SAP/PeopleSoft.

  • Must have flexibility to attend on-line meetings with Global Partners outside of regular work hours.

  • Paralegal experience a plus.

  • Understanding of lease accounting standard ASC842, SOX compliance and experience in financial statement analysis to include accretion schedule, amortization schedule and NPV schedule a plus.

Travel: 10% - must have flexibility to attend in person meetings within the United States

The salary range for this position is $67,449.00 - $92,742.00. Starting pay for the successfull applicant is dependent on a variety of job-related factors including but not limited to geographic locations, market demands, experience, training, and education.

This position does not support immgration sponsorship.

Corning Puts YOU First!

We are committed to supporting your health, financial, career development, and life goals as you grow professionally and personally to achieve your highest potential. All benefits begin as soon as you start your career at Corning.

  • Our monetary peer-to-peer recognition program is tied to our and celebrates you and your colleagues’ contributions.

  • Health and well-being benefits include medical, dental, vision, mental health/substance use, fitness, and disease management programs.

  • Financial benefits include a 401(k) savings plan with company matching contributions and a 100% company-paid pension benefit that grows steadily throughout your career.

  • Companywide bonus and attractive short- and long-term compensation programs are available based on your role and responsibilities.

  • Professional development programs help you grow and achieve your career goals.

We prohibit discrimination on the basis of race, color, gender, age, religion, national origin, sexual orientation, gender identity or expression, disability, veteran status or any other legally protected status.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Nearest Major Market: Charlotte

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