Key Responsibilities
Abstract and interpret commercial lease documents such as leases, amendments, subleases, termination agreements, etc. Input lease data into lease abstraction/accounting platforms like Leverton, ProLease, MRI etc
Review peer abstracts to ensure all critical lease data is captured and entered accurately into accounting/lease system platform including tenant billing information, lease dates, square footage, recurring charges, lease option, etc
Track and work with internal client stakeholders to obtain required documentation related to development milestones, rent commencement notices, etc
Review and maintain Consumer Price Index tables and process annual CPI rent escalations
Maintain and update tenant/landlord naming & use descriptions for reporting purposes
Flag items requiring additional information to follow up with client stakeholders
Coach and train the new team members on the lease abstraction process
Develop workflows for increasing the overall abstraction accuracy of the team
Desirable Skills for an Abstractor
Strong experience in Lease Abstraction domain specifically in US Real Estate industry back office operation ranging from Office, Retail and Industrial Portfolio
Clear understanding of contractual terminologies
She/He should be interested in conducting research and should have an eye for details.
Ability to read, comprehend, and interpret standard to moderately complex documents
Strong attention to detail with a commitment to accuracy and quality while meeting goals and deadlines
Ability to learn new applications and processes with limited oversight
Priority setting, organization and time-management skills
Strong verbal and written communication skills
High level of professionalism, trust, and integrity
Flexibility, eagerness to learn, and desire to work in a fast-paced and evolving organization.
Qualification
Graduate by education. Degree in Law preferred
Minimum 4 years of experience in lease abstraction work preferably in commercial real estate (including retail). Experience with analyzing data and problem solving
Experience in reading, comprehending, and interpreting documents.
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