IBM

Deputy Manager - Lease Abstraction

Posted On

Oct. 18, 2024

Location

Chennai, Tamil Nadu

Experience Level

Entry Level

Job Type

Permanent

Apply By

Nov. 22, 2024

Job Description

Introduction
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 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.

About Business Unit

IBM Consulting is IBM’s consulting and global professional services business, with market leading capabilities in business and technology transformation. With deep expertise in many industries, we offer strategy, experience, technology, and operations services to many of the most innovative and valuable companies in the world. Our people are focused on accelerating our clients’ businesses through the power of collaboration. We believe in the power of technology responsibly used to help people, partners and the planet.

Your Life @ IBM

In a world where technology never stands still, we understand that, dedication to our clients success, innovation that matters, and trust and personal responsibility in all our relationships, lives in what we do as IBMers as we strive to be the catalyst that makes the world work better.

Being an IBMer means you’ll be able to learn and develop yourself and your career, you’ll be encouraged to be courageous and experiment everyday, all whilst having continuous trust and support in an environment where everyone can thrive whatever their personal or professional background.

Our IBMers are growth minded, always staying curious, open to feedback and learning new information and skills to constantly transform themselves and our company. They are trusted to provide on-going feedback to help other IBMers grow, as well as collaborate with colleagues keeping in mind a team focused approach to include different perspectives to drive exceptional outcomes for our customers. The courage our IBMers have to make critical decisions everyday is essential to IBM becoming the catalyst for progress, always embracing challenges with resources they have to hand, a can-do attitude and always striving for an outcome focused approach within everything that they do.

Are you ready to be an IBMer?

About IBM

IBM's greatest invention is the IBMer. We believe that through the application of intelligence, reason and science, we can improve business, society and the human condition, bringing the power of an open hybrid cloud and AI strategy to life for our clients and partners around the world.

Restlessly reinventing since 1911, we are not only one of the largest corporate organizations in the world, we’re also one of the biggest technology and consulting employers, with many of the Fortune 50 companies relying on the IBM Cloud to run their business.

At IBM, we pride ourselves on being an early adopter of artificial intelligence, quantum computing and blockchain. Now it’s time for you to join us on our journey to being a responsible technology innovator and a force for good in the world.

Location Statement

When applying to jobs of your interest, we recommend that you do so for those that match your experience and expertise. Our recruiters advise that you apply to not more than 3 roles in a year for the best candidate experience.

For additional information about location requirements, please discuss with the recruiter following submission of your application.

Being You @ IBM

IBM is committed to creating a diverse environment and is proud to be an equal-opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, caste, genetics, pregnancy, disability, neurodivergence, age, veteran status, or other characteristics. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.

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