Lease Abstraction Quality Control Analyst
About The Position
CoStar delivers real-time, verified commercial real estate data that helps clients confidently spot great opportunities and make smart choices ahead of competitors. By combining the power of CoStar’s independent research organization – the industry’s largest – with global data delivery, software, and application solutions, clients can act on opportunities with confidence. CoStar’s research and analytics teams are the heart of CoStar, capturing market-critical information that enables our commercial real estate clients to make informed, high impact business decisions daily. CoStar Group’s research contributes to the most important segment of our economy, helping businesses open offices, retail stores, warehouses, and manufacturing facilities. CoStar Group is seeking a Lease Abstraction Auditor to join our Real Estate Manager business unit. This role plays a critical part in maintaining the integrity of CoStar’s lease data, ensuring it meets the highest quality standards for our clients. As a Lease Abstraction Quality Control Analyst at CoStar Real Estate Manager, you will be responsible for ensuring the accuracy, completeness, and quality of lease comparables (lease comps) data that have been analyzed and abstracted by our Lease Abstraction Associates. Additionally, this role will assist with training and providing valuable feedback for the development of the Lease Abstraction Analyst Team. This position requires a comprehensive understanding of lease terms and real estate practices, exceptional attention to detail, strong reading comprehension, and a proven ability to teach and guide the ongoing learning and development of team members. This position is in office Monday through Friday.
Requirements
- Bachelor's Degree required from an accredited, not-for-profit University or College
- 2 years of relevant work experience in lease administration, lease abstraction or review of similar legal documents.
- Comprehensive understanding of commercial lease structures and terminology.
- Excellent analytical and problem-solving skills, with attention to detail and accuracy.
- Effective communication skills, both written and verbal.
- Proven success performing to metrics or key performance indicators (KPIs).
- A proven track record of commitment to prior employers.
- Demonstrated success in mentoring or training team members, with a strong commitment to knowledge sharing and contributing to professional development initiatives.
- Microsoft Excel 365 experience is required.
- Ability to manage multiple responsibilities, changing priorities, and excel in a fast-paced environment.
- Natural curiosity, persistence, and ability to conduct thorough investigative research
- Self-motivated and goal-oriented.
Nice To Haves
- Bachelor’s degree in real estate, finance, economics or accounting.
- Juris Doctor (J.D.) or equivalent law degree with coursework or experience in commercial real estate, finance, economics, construction or contracts.
Responsibilities
- Audit lease comps abstracted by the Lease Abstraction Analysts to ensure data accuracy, consistency, and completeness.
- Cross-reference lease abstract details with original lease documents and other supporting materials to ensure correct interpretation and data entry.
- Collaborate with stakeholders as needed to determine best practices for capturing data for edge cases and ambiguities in lease language.
- Provide constructive feedback to analysts to promote continued learning and professional development
- Collaborate with the Senior Manager, Lease Abstraction Auditor and Lease Abstraction Managers to create and enhance training processes and professional development initiatives.
- Assist in identifying and refining quality assurance processes, tools, and workflows.
- Maintain privacy and discretion with all lease data.
Benefits
- Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
- Life, legal, and supplementary insurance
- Virtual and in person mental health counseling services for individuals and family
- Commuter and parking benefits
- 401(K) retirement plan with matching contributions
- Employee stock purchase plan
- Paid time off
- Tuition reimbursement
- On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes
- Access to CoStar Group’s Diversity, Equity, & Inclusion Employee Resource Groups
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
