IBM Senior Practitioner - Lease Abstraction in CHENNAI, India
The Finance & Admin Business Analyst is essential to the ongoing profitable operations for one of the most globally recognized and respected companies in the world. By overseeing our financial activities, you will enable IBM to continue to bring to market ground-breaking innovations such as Artificial Intelligence, Cognitive Solutions, Cloud Infrastructure, and Blockchain technologies, to name a few.
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
2 to 4 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 Unit
IBM 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.
Your Life @ IBM
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For additional information about location requirements, please discuss with the recruiter following submission of your application.
Being You @ IBM
IBM is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, pregnancy, disability, age, veteran status, or other characteristics. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.
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