Lease Abstraction Quality Control Analyst

Overview

CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.

We have been living and breathing the world of real estate information and online marketplaces for over 35 years, creating offerings to our customers. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an edge in real estate.

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 with global data delivery, software, and application solutions, clients can act on opportunities with confidence.

CoStar’s research and analytics teams capture market-critical information that enables our commercial real estate clients to make informed, high impact business decisions daily. 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, 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. This role will assist with training and providing feedback for the development of the Lease Abstraction Analyst Team. A comprehensive understanding of lease terms and real estate practices, exceptional attention to detail, strong reading comprehension, and the ability to teach and guide ongoing learning and development of team members are required.

This position is in office Monday through Friday.

• 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 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.

• 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.

• 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.