IBM hiring Professional – Lease Abstraction Job Openings!!!

IBM Professional Recruitment 2021
IBM Professional Recruitment 2021

IBM Professional Recruitment 2021 Out – Apply Now: Job openings for the role of Professional – Lease Abstraction have been announced by IBM. The position is located in Chennai, Tamil Nadu. The Finance & Admin Business Analyst is critical to one of the worlds most well-known and admired corporations’ continued profitable operations.

On May 18, 2021, the application process will open, and qualified applicants will be able to apply online. The IBM job openings are listed below, and interested candidates can read more about them on our blog.

IBM Professional Recruitment 2021 Details:

Name of the Board


Name of the Post

Professional – Lease Abstraction

Chennai, Tamil Nadu

Starting Date

May 18, 2021


Notification Released

About IBM:

International Business Machines Corporation (IBM) is an American multinational technology company headquartered in Armonk, New York, with operations in over 170 countries. The company began in 1911, founded in Endicott, New York, as the Computing-Tabulating-Recording Company (CTR) and was renamed “International Business Machines” in 1924. IBM is incorporated in New York

IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most U.S. patents generated by a business (as of 2020) for 28 consecutive years. Inventions by IBM include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM). The IBM mainframe, exemplified by the System/360, was the dominant computing platform during the 1960s and 1970s.

Your Role and Responsibilities

  • You will be able to comprehend, evaluate, and correctly interpret different forms of lease documents as a Lease Abstraction Specialist. You can act as part of a team and interact with customers in a professional manner.
  • Assist team with prompt and reliable planning and delivery of periodic and ad hoc reports. Runs regular reports for management analysis and assists with ad hoc reports. Assist with report creation using a range of software programmes.
  • Assist the team in addressing critical issues for clients by conducting research and collecting information on payment transactions, lease terms, and other pertinent things as required.
  • As needed, perform financial analysis and accounting, including AR/AP, rent rolls, and budgets, in accordance with required accounting principles (GAAP, Tax, Cash, etc.).
  • Prepare subtenant invoices, reconcile subtenant accounts, check incoming invoices for errors/accuracy with lease document, and ensure proper coding.
  • Create and manage electronic lease files for clients, ensuring that they are up to date and correct.
  • Assist with other tasks as needed.

Required Technical and Professional Expertise

  • Bachelor’s/degree Master’s in Lease Abstraction with 6 to 8 years of experience
  • Experience in Lease Management Systems, Real Estate Services, and Lease Abstraction Expertise would be preferred.
  • Examining and abstracting legal records relating to property leases is a skill that comes with experience.
  • Commercial Real Estate Leases Expertise
  • Working in a BPO/Shared Services setting with exposure to international clients is a plus.
  • Working knowledge of commercial lease agreements is needed.
  • Previous experience with data management, abstracting leases, and/or interpreting lease language is needed.
  • Proven ability to calculate pro-rata share, pro-rated rent and CAM estimates, and CAM cap calculations in the areas of rent, common area maintenance (CAM), real estate, and insurance

Preferred Technical and Professional Expertise

  • Experience with retail leases is preferred.
  • Prior knowledge of how to use a lease database
  • Intermediate Microsoft Office Suite skills and a general understanding of accounting principles are needed
  • Analytical skills, as well as the ability to read and abstract broad lease/legal documents and data
  • Pay close attention to the details.
  • Prior knowledge of how to use a lease database
  • Intermediate Microsoft Office Suite skills and a general understanding of accounting principles are needed.

How to apply IBM Professional Recruitment 2021?

  • Interested candidates can visit the given link
  • Check the career page, and click the “Professional – Lease Abstraction” vacancies link.
  • Checks the eligibility details and click “apply online” option
  • Fill the application form and upload the mentioned documents details.
  • Submit the application form and click download option.
  • Take a print out for future reference.

Download Notification

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What is the Job Location for IBM Professional Recruitment 2021?

The job location for the post is Chennai, Tamil Nadu.

When will apply online starts for IBM Professional Recruitment 2021?

The application process will open on May 18, 2021

What is the Qualification for IBM Professional Recruitment 2021?

Bachelors/degree Master’s in Lease Abstraction with 6 to 8 years of experience.