53 Lease Abstraction Jobs - Page 3

Looking for a Jr. Accountant (Lease Administration) role for MNC Real Estate company located in Gurgaon. Role & responsibilities Abstract all new leases and lease amendments for company's operating properties every period in accordance with the lease administration standard abstraction procedures. Assist with lease administration as follows: Read and review lease agreements Set up new leases and tenants in the accounting system Input critical lease details into the accounting systems such as tenant up billings, lease logs and lease clauses Assist in the preparation of lease review summaries and the documentation of tenant lease-based assets. Enter straight-line rent information into the system for each lease and lease amendment that is abstracted. For new acquisitions, assist in the lease abstraction, providing the lease administration and other supporting groups with the information necessary as agreed upon in the standard abstraction procedures . Perform the percentage rent calculations in the frequency required per the lease document upon being provided with the sales report for each individual tenant. Assist in the preparation of the annual operating expense reconciliation calculations by tenant. This will include adding actual information by tenant into the templates, performing recalculations of information, tying out data within the template itself for accuracy and consistency and preparing invoices for tenant reconciliations and transmittal letters. Assisting in the annual rent start letter preparation for tenants. Enter information into the applicable accounting system for the upcoming year and prepare the final rental and recoveries charge schedule. Support the Senior Accountant and Accounting Manager in the preparation of any ad hoc schedules needed for reporting. Comply with all policies and procedures. Preferred candidate profile Strong knowledge and application of Generally Accepted Accounting Principles. Perform numerical and financial calculations. Analyze and interpret various types of data in order to draw conclusions and solve problems. Demonstrate extensive knowledge of Microsoft Excel and proficiency utilizing various accounting software and a 10-key calculator. Compose business letters, summaries, and reports, using proper format, punctuation, grammar, diction, and style. Exchange ideas, information, and opinions with others to formulate and/or arrive jointly at decisions, conclusions, or solutions. High attention to detail for maintaining accurate records and documentation 5 Days working European shift (1PM - 10PM) Perks and benefits Upto 17 Lacs

Hiring for one of our clients in Gurugram Job Type: Contract to Hire (12 months) Notice period: Immediate Joiners Responsibilities What You Can Offer Us Demonstrate proficiency in lease management, including the ability to accurately interpret leases and extract essential billing and payment terms. Strong analytical abilities to process lease data changes, identify patterns, and make data-driven decisions. A proactive approach to identifying and resolving issues related to lease management and service delivery. A focus on delivering high-quality service, ensuring satisfaction and compliance with SLAs. A commitment to ongoing learning and improvement, staying updated with industry best practices and modern technologies. Prepare reports and financial presentations by collecting, analyzing, and summarizing contract information. Review and interpret leases to identify financial clauses that help assess and manage the Companys financials, including various contract terms such as term, termination rights and billing amount. Resolve contract interpretation and pricing questions with internal teams. Perform reviews and reconciliation of loaded contracts with rental recovery/billing to customer to ensure that financial terms were processed correctly. Other duties as assigned. Qualifications What You Need to Succeed Bachelors/Post graduate degree in accounting or finance required. Minimum of 8 years of relevant experience in customer/revenue reconciliation, billing reconciliation or contract management required. Experience in lease accounting, including the application of ASC 842 standards and the ability to manage lease agreements and related financial reporting required. Strong computer skills, including Microsoft applications such as Excel, Word, and VISIO. Experience using Oracle Property module preferred. Excellent attention to detail and strong system and analytical skills; able to understand complex processes. Strong written and oral communication skills, including the ability to present ideas and suggestions clearly and effectively. Ability to work with different functional groups and levels of employees to achieve results effectively and professionally. Strong organizational skills; ability to accomplish multiple tasks within the agreed upon timeframes through effective prioritization of duties and functions in a fast-paced environment. Employees are required to work from 9:00 AM to 5:00 PM Eastern Standard Time (EST) to maintain seamless operations and foster effective team collaboration. Interested candidates please share your updated resume to R.Dinesh@in.ey.com

What You Can Offer Us Perform monthly financial close activities, which include performing balance sheet reconciliations, booking journal entries and maintaining internal control documentation. Prepare reports and financial presentations by collecting, analyzing, and summarizing contract information. Review key business terms of various contracts to support internal customers needs. Review and interpret leases to identify financial clauses that help assess and manage the Companys financials, including various contract terms such as term, termination rights and billing amount. Analyze requests to change terms of existing contracts; support internal customers with post-revision financial information. Clarify and resolve contract interpretation and pricing questions with internal teams. Coordinate on contract terms and provisions with other departments. Perform complex contract research for management team. Prepare reports and financial presentations by collecting, analyzing, and summarizing contract information. Perform audits on loaded contracts to ensure that financial terms were processed correctly; communicate audit findings to various business partners. Provide data and calculations to support internal and external audit requests. Lead cross-organizational projects impacting land and tenant lease data; effectively communicate processes and collaborate on best practices. Identify, and review with peers, situations when accounting guidelines present multiple interpretations for a particular lease and escalate to Manager for resolution as necessary; offer ideas for resolution to correct exceptions and prevent recurrence of issues going forward. Stay informed about current Company practices and guidelines, including lease accounting guidance, master lease governance, and commencement date determination, to administer lease documents appropriately in the Oracle system. Train new employees on processes and procedures; update training manual to reflect current procedures. Develop relationships with the Lease Abstraction, Lease Administration, Land Management, Legal, Landlord Relations, and Finance departments to implement and/or support process improvement and develop best practices. Other duties as assigned. What You Need to Succeed CA/CMA/CPA required. Minimum 5 years’ experience in billing, contract management, or finance required. Oracle experience strongly preferred. Proficiency in French strongly preferred. Ability to read and interpret complex contracts with multiple amendments and ensure the accounting complies with the Master Lease agreements and in accordance with Lease Accounting guidance. Excellent attention to detail and strong system and analytical skills; able to understand complex processes. Strong computer skills, including Microsoft Office suite. Self-motivated; able to work independently to complete tasks and respond to department requests and collaborate with others to utilize their resources and knowledge to identify high quality solutions. Strong written and oral communication skills, including the ability to present ideas and suggestions clearly and effectively. Ability to work with different functional groups and levels of employees to effectively and professionally achieve results. Strong organizational skills; ability to accomplish multiple tasks within the agreed upon timeframes through effective prioritization of duties and functions in a fast-paced environment. Approximately 5% travel may be required in support of the position’s responsibilities. Interested candidates please send updated resume to R.Dinesh@in.ey.com