Manager, Lease Renewal

CULTIVATE A BETTER WORLD

Food served fast does not have to be a typical fast-food experience. Chipotle has always done things differently, both in and out of our restaurants. We are changing the face of fast food, starting conversations, and directly supporting efforts to shift the future of farming and food. We hope you will join us as we continue to learn, evolve, and shape what comes next on our mission to make better food accessible to everyone.

THE OPPORTUNITY

The Manager, Lease Renewals will manage a portfolio of 300+ renewals annually.  This person will formulate and present deal structure proposals with Real Estate, Corporate Accounting, Finance, Operations, Legal and other departments as necessary to maximize the ROI of short and long-term lease extensions. The Manager, Lease Renewals will personally negotiate some of the renewals to maximize savings. They will prepare and process Renewal Documents for straight and amended extensions. This person will also develop and present the 3-year renewal plan during the annual market planning sessions to ensure alignment with Operations and Real Estate.                                    

WHAT YOU’LL DO

• Collaborate, Lead and oversee the renewal team, legal support, and the related outsource consulting resources.  Consulting resources include large, experienced firms with industry veterans to maximize our annual savings
• Prepare, Process and sign varied Renewals Documents.
• Personally negotiate some of the renewals to optimize existing restaurant lease terms, and economics
• Lead collaborative projects through cross-functional teams that develop and evaluate various renewal approaches to store-level and/or market success – e.g. solution analysis, planning, communication
• Drives results with weekly consulting calls to ensure timely attention to details, alignment on priorities and properly aggressive negotiating positions.  Collaborate with Operations Finance, Real Estate and Legal to ensure there is alignment on final deal terms and economics
• Review and publish finalized deals for presentation to our internal REAT.  Presentation incorporates deal terms as well as restaurant level economic impacts from the proposals.  REAT is the Chipotle leadership committee with representation from Development, Operations and Finance Officers
• Develops and presents the 3-year renewal plan during the annual market planning sessions to ensure alignment with Operations and Real Estate.  Plan is developed with input from Development leadership

WHAT YOU’LL BRING TO THE TABLE

• Bachelor's Degree (BA/BS) from 4-year college or university preferred.
• 8+ Years of experience required for this role
• Proven real estate negotiation skills

• Ability to work within a high growth environment.  Possess strong knowledge of development networks within the industry
• Experience in retail/restaurant development and lease negotiations and interpretation.  Proven ability to communicate effectively and professionally with others & the ability to develop positive relationships at all levels of the organization
• Knowledge and understanding of finance and lease concepts including reading and comprehending financial statements, proformas, G&A budgets and historical data
• Knowledge of and the ability to use a PC as well as Microsoft Office Suite
• Knowledge of a life cycle system like Tririga, Microsoft Suite (Excel)

PAY TRANSPARENCY

A reasonable estimate of the current base salary range for this position is $86,000-118,000. You are also eligible for annual cash bonuses and equity awards based upon performance and other factors. Actual compensation offered may vary depending on skill level, experience, and/or education. Chipotle offers a competitive total rewards package, which includes medical, dental, and vision insurance, 401k, sick leave, vacation time, and much more.  Visit https://jobs.chipotle.com/benefits

WHO WE ARE

Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle has restaurants in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. With employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit www.chipotle.com.

Chipotle Mexican Grill is an equal opportunity employer that values diversity at all levels. As a people-first company rooted in values, our purpose extends beyond serving nutritious food using real ingredients. It means hiring world-class individuals and fostering a culture that champions diversity, ensures equity, and celebrates inclusion. All qualified applicants, regardless of personal characteristics, are encouraged to apply. 

Qualified applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and/or certain state or local laws. Please contact ADAaccommodations@chipotle.comif you need an accommodation due to a disability to complete an application, job interview, and/or to otherwise participate in the hiring process. This email does not respond to non-accommodations related requests.