IntroductionA career in IBM Consulting embraces long-term relationships and close collaboration with clients across the globe. In this role, you will work for IBM BPO, part of Consulting that, accelerates digital transformation using agile methodologies, process mining, and AI-powered workflows.
You’ll work with visionaries across multiple industries to improve the hybrid cloud and AI journey for the most innovative and valuable companies in the world. Your ability to accelerate impact and make meaningful change for your clients is enabled by our strategic partner ecosystem and our robust technology platforms across the IBM portfolio, including IBM Software and Red Hat.
Curiosity and a constant quest for knowledge serve as the foundation to success in IBM Consulting. In your role, you’ll be supported by mentors and coaches who will encourage you to challenge the norm, investigate ideas outside of your role, and come up with creative solutions resulting in groundbreaking impact for a wide network of clients. Our culture of evolution and empathy centers on long-term career growth and learning opportunities in an environment that embraces your unique skills and experience.
Your Role and Responsibilities
As a Deputy Manager – Lease Abstraction, 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.
Your primary responsibilities include:
- 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 the required accounting principles (GAAP, Tax, Cash, etc.).
- Prepare invoices for subtenants, reconcile subtenant accounts, review incoming invoices for errors/accuracy with lease documents 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
- Graduate with 8+ Years of experience in lease abstraction
- Experience in Lease Management Services and real estate services with experience and knowledge of Lease abstraction will be preferred.
- Experience in scrutinizing Legal documents relating to Property leases and performing abstraction.
- Knowledge of Commercial Real Estate Leases.
- Experience 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 is 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.
