Process Associate

A Lease Abstraction Associate supports the team in reading lease agreements and amendments and extracting key financial, legal, and operational data. They record this information in standardized databases or summaries under the guidance of senior team members, enabling organizations to easily manage real estate portfolios, ensure contract compliance, and track critical financial obligations.

Job Title

Associate (Freshers) - Lease Abstraction

Role Overview

As a Lease Abstraction Associate, you will learn to read and abstract commercial lease agreements and amendments, working closely with experienced reviewers and team leads. You will identify and capture essential legal and financial information and summarize it in a standardized lease abstract format. Your primary focus will be to build the accuracy and consistency expected of the role, with structured training and regular feedback to help you grow into an independent abstractor.

Key Responsibilities

Document Analysis: Read and understand commercial, retail, or industrial lease agreements and amendments, learning key contractual obligations and legal terminology with guidance from senior team members.

Data Extraction: Identify and extract key data points, including rent schedules, lease commencement/expiration dates, renewal options, termination clauses, and security deposits, following the abstraction guidelines.

Financial Data Capture: Capture and learn to interpret financial clauses such as Common Area Maintenance (CAM), operating expenses, tax escalations, and insurance requirements, with support from senior reviewers.

System Entry & Maintenance: Accurately input abstracted data into lease administration and abstraction platforms (e.g., Yardi, MRI, JDE etc.). Training on these platforms will be provided.

Quality Checks: Self-check your work and apply reviewer feedback to maintain high accuracy, consistency, and compliance with client-specific guidelines.

Query Escalation: Identify and flag discrepancies, data gaps, or ambiguities in lease documents to your team lead or reviewer, who will coordinate with the client to resolve them.

Learning & Development: Complete the training program on lease terminology, abstraction guidelines, and systems, and steadily build your speed and accuracy.

Qualifications & Requirements

• Education: Any Degree
• Experience: Freshers. No prior experience is required.
• Analytical Skills: Good ability to read and understand detailed contractual language and summarize it into clear, easily referenced formats, with a willingness to learn legal and lease terminology.
• Technical Proficiency: Basic knowledge of Microsoft Office (Word, Excel). Training on lease management software (Yardi, MRI, JDE) will be provided.
• Attention to Detail: Strong organizational skills and a careful eye for detail to prevent costly financial or legal errors.
• Communication & Learning Attitude: Good written and verbal English communication, with a strong willingness to learn, accept feedback, and work as part of a team.