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Process Analyst - Lease Abstraction

2-4 years

₹ 3.5 - 4.2L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Chennai

Process Analyst - Lease Abstraction

IBM

posted 3d ago

Job Description

A 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 Process Analyst- Lease Abstraction, you are required to understand, analyze, and precisely interpret various lease documents. Collaboration within a team setting and professional communication with customers are essential aspects of the role.

Your primary responsibilities include:
  • Support the team in resolving critical client issues by researching and gathering information on payment transactions, lease terms, and other relevant items as needed.
  • Perform financial analysis and accounting tasks, including AR/AP, rent rolls, and budgets, adhering to accounting principles (GAAP, Tax, Cash, etc.)
  • Generate subtenant invoices, reconcile subtenant accounts, scrutinize incoming invoices for accuracy with lease documents, and ensure proper coding.
  • Establish and manage electronic lease files for clients, ensuring they are up-to-date and contain accurate information.


Required Technical and Professional Expertise
  • Graduate with 2-4 years of work experience in lease abstraction.
  • Experience in lease management services and real estate services with experience and knowledge of Lease abstraction.
  • Experience in scrutinizing legal documents relating to property leases and performing abstraction.
  • BPO/Shared Services experience with Global Clients, possessing a working knowledge of commercial lease agreements and prior expertise in data management, lease abstraction, and interpretation of lease language.
  • Proven ability to comprehend rent, CAM, real estate, and insurance calculations, including pro-rata share, pro-rated rent and CAM calculations, and CAM cap calculations.


Preferred Technical and Professional Expertise
  • Proficient in MS Office applications and general knowledge of accounting principles.
  • Preferential knowledge of Retail Leases and expertise in Commercial Real Estate Leases.
  • Self-directed and ambitious achiever.
  • Meeting targets effectively.
  • Demonstrated ability to analyze complex data, complemented by strong interpersonal and organizational skills.


Employment Type: Full Time, Permanent

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What people at IBM are saying

3.6
 Rating based on 15 Process Analyst reviews

Likes

Salary is ok to CTC Always one or other functions will be there but if u attend the function u need extend in your working hours Trips - Food in quarterly budget is good

Dislikes

Worst management no proper HR policies, Manager is superior and no value for individual ideas and innovations. Overall ill rate 3 out of 5

Read 15 reviews

Process Analyst salary at IBM

reported by 108 employees
₹3.2 L/yr - ₹6.1 L/yr
28% more than the average Process Analyst Salary in India
View more details

What IBM employees are saying about work life

based on 21.1k employees
78%
84%
66%
79%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

IBM Benefits

Work From Home
Soft Skill Training
Health Insurance
Job Training
Cafeteria
Free Transport +6 more
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