Lease Analyst I (3 - 11 Months)

The iScale; Gurgaon; On-site; INR 400,000 - 560,000; Full time

Benefits offered by this job

Annual performance bonus

Hybrid work model

6x Flexi knock

Job summary

The iScale in Gurgaon is seeking a Lease Analyst I to perform daily lease administration, including abstracting key lease data and entering it into lease abstraction software.

The role emphasizes data quality and requires 3 months to 1 year of lease abstraction experience in US real estate back-office operations, with a hybrid work setup (2 days in office) and a performance bonus.

Qualifications

• Graduate with data analysis and problem-solving experience.
• Ability to read, comprehend and interpret lease documents.
• Experience in lease abstraction in commercial real estate.
• Hybrid work: 2 days in office.
• Annual performance bonus.
• 6x Flexi knock 2.5 hours off your day on any day.

Responsibilities

• Abstract and interpret commercial lease documents and input data into lease systems.
• Review peer abstracts for accuracy and data capture.
• Track documentation with stakeholders for milestones and rent notices.
• Review and update CPI tables and CPI rent escalations.
• Maintain tenant/landlord naming conventions for reporting.
• Identify items needing follow-up with client stakeholders.
• Coach and train new team members in lease abstraction.
• Develop workflows to improve abstraction accuracy.

Skills

Data analysis

Problem solving

Attention to detail

Communication skills

Time management

Learning agility

Education

Graduate

Tools

Leverton

ProLease

MRI

Job description

Job Title: Lease Analyst I

Location: Gurgaon

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
• 3 months - 1 year 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.
• 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).
• Hybrid working arrangements (2 days in the office)
• Annual performance-related bonus
• 6x Flexi knock 2.5 hours off your day on any day.