Professional - Lease Abstraction

1 week ago

Chennai, Tamil Nadu, India IBM Full time

Introduction
At IBM, work is more than a job - it's a calling: To build. To design. To code. To consult. To think along with clients and sell. To make markets. To invent. To collaborate. Not just to do something better, but to attempt things you've never thought possible. To lead in this new era of technology and solve some of the world's most challenging problems.

Your Role and Responsibilities
As Lease Abstraction Specialist you are expected to comprehend, analyze, and accurately interpret various types of lease documents. You will work in a team environment and communicate professionally with customers.

  • Assist team with the preparation and distribution of periodic and ad hoc reports in a timely, accurate manner. Runs standard reports for management review and runs ad hoc reports with assistance. Assist with the design of reports utilizing a variety of software tools.
  • Assist the team in resolving critical issues for clients by researching and gathering information about payment transactions, lease terms and other relevant items as requested.
  • May conduct financial analysis/accounting as appropriate, including AR/AP, rent rolls, and budgets in accordance with required accounting principles (GAAP, Tax, Cash, etc.).
  • Prepare invoices for subtenants, reconciles subtenant accounts, review incoming invoices for errors/accuracy with lease document and ensure correct coding.
  • Create and maintain client electronic lease files ensuring they contain current and accurate information
  • Perform other duties as assigned.

Required Technical and Professional Expertise

  • Bachelor's/Master's degree.
  • 68 Years of experience in lease abstraction
  • Experience in Lease Management Services, Real estate services with experience and knowledge of Lease abstraction will be preferred.
  • Experience of scrutinizing Legal documents relating to Property leases and perform abstraction
  • Knowledge of Commercial Real Estate Leases
  • Experience of working in a BPO/Shared Services environment with exposure to Global Clients
  • Must possess working knowledge of commercial lease agreements.
  • Requires previous experience managing data, abstracting leases and/or interpreting lease language.
  • Proven ability to understand rent, common area maintenance (CAM), real estate and insurance calculations including prorata share calculations, prorated rent and CAM calculations and CAM cap calculations.

Preferred Technical and Professional Expertise

  • Knowledge of Retail Leases preferred.
  • Prior experience utilizing a lease database.
  • Intermediate skills with Microsoft Office Suite and general knowledge of accounting principles.
  • Analytical ability and ability to review and abstract large lease/legal documents and data.
  • Attention to detail
  • Prior experience utilizing a lease database.
Intermediate skills with Microsoft Office

  • Suite and general knowledge of accounting principles.

About Business Unit
IBM Consulting is IBM's consulting and global professional services business, with market leading capabilities in business and technology transformation.

With deep expertise in many industries, we offer strategy, experience, technology, and operations services to many of the most innovative and valuable companies in the world.

Our people are focused on accelerating our clients' businesses through the power of collaboration. We believe in the power of technology responsibly used to help people, partners and the planet.


In a world where technology never stands still, we understand that, dedication to our clients success, innovation that matters, and trust and personal responsibility in all our relationships, lives in what we do as IBMers as we strive to be the catalyst that makes the world work better.

Being an IBMer means you'll be able to learn and develop yourself and your career, you'll be encouraged to be courageous and experiment everyday, all whilst having continuous trust and support in an environment where everyone can thrive whatever their personal or professional background.


Our IBMers are growth minded, always staying curious, open to feedback and learning new information and skills to constantly transform themselves and our company.

They are trusted to provide on-going feedback to help other IBMers grow, as well as collaborate with colleagues keeping in mind a team focused approach to include different perspectives to drive exceptional outcomes for our customers.

The courage our IBMers have to make critical decisions everyday is essential to IBM becoming the catalyst for progress, always embracing challenges with resources they have to hand, a can-do attitude and always striving for an outcome focused approach within everything that they do.

Are you ready to be an IBMer?

This job requires you to provide your COVID-19 vaccination status with supporting documentation, where legally permissible.

About IBM
Restlessly reinventing since 1911, we are not only one of the largest corporate organiza

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