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Lease Abstractor (Fresher)

MRI Software

MRI Software

This job is no longer accepting applications

See open jobs at MRI Software.
Gurugram, Haryana, India · India
Posted on Monday, September 25, 2023

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
  • 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. 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).

Benefits:

  • Flexible working arrangements (2 days in the office)
  • Annual performance-related bonus
  • 6x Flexi Fridays: knock 2.5 hours off your day on any day
  • Engaging, fun & inclusive culture: check out the MRI Software APAC Insta feed and stories!

This job is no longer accepting applications

See open jobs at MRI Software.