Lease Abstractor (Fresher)

Company name: MRI software

Position name: Lease Abstractor (Fresher)

Job Description: A chance to work for a global leader in real estate software solutions, a fast-growing software company which has been named to the Inc. 5000 list of fastest-growing private companies in the United States. This exciting opportunity lets you be a part of developing cutting-edge technology by helping to train our proprietary AI engine.A real estate lease abstractor will be responsible for performing day-to-day activities related to lease administration, including abstracting critical lease information and entering data into lease abstraction software. In addition, there is a strong emphasis on the quality of data abstracted because this information will be used by numerous other departments within the client organization.

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

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

Qualification:

•Graduate by education. Law graduates are not considered.

•Freshers can apply, if they are interested in this role.

•Experience with analyzing data and problem solving

•Experience in reading, comprehending, and interpreting documents.

•Experience in lease abstraction work preferably in commercial real estate (including retail).

Registration click here