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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
6-8 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 pro-rata share calculations, pro-rated 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 UnitIBM Services is a team of business, strategy and technology consultants that design, build, and run foundational systems and services that is the backbone of the world’s economy. IBM Services partners with the world’s leading companies in over 170 countries to build smarter businesses by reimagining and reinventing through technology, with its outcome-focused methodologies, industry-leading portfolio and world class research and operations expertise leading to results-driven innovation and enduring excellence.
This job requires you to be fully COVID-19 vaccinated prior to your start date and proof of vaccination status will be required before your start date. During the Onboarding process you will be asked to confirm your vaccination status, in case you are unable to get vaccinated for any reason, you can let us know at that stage. Please let us know if you are unable to be vaccinated due to medical or religious reasons. IBM will consider such requests on a case by case basis subject to submission of required proof by the candidate before a stipulated date.
Your Life @ IBMAre you craving to learn more? Prepared to solve some of the world’s most unique challenges? And ready to shape the future for millions of people? If so, then it’s time to join us, express your individuality, unleash your curiosity and discover new possibilities.
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It’s time to define your career.
About IBMIBM’s greatest invention is the IBMer. We believe that through the application of intelligence, reason and science, we can improve business, society and the human condition, bringing the power of an open hybrid cloud and AI strategy to life for our clients and partners around the world.Restlessly reinventing since 1911, we are not only one of the largest corporate organizations in the world, we’re also one of the biggest technology and consulting employers, with many of the Fortune 50 companies relying on the IBM Cloud to run their business. At IBM, we pride ourselves on being an early adopter of artificial intelligence, quantum computing and blockchain. Now it’s time for you to join us on our journey to being a responsible technology innovator and a force for good in the world.
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For additional information about location requirements, please discuss with the recruiter following submission of your application.
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