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Job Opening details:-
Company Name :- JPMorgan Chase Bank, N.A.
Position Name :- Corp – Global Real Estate Controllers – Lease Administration Associate
Company Location :- Mumbai, Maharashtra
Job Category :- Jobs in Mumbai
Full Job Description :-
Corporate Sector Controllers is responsible for financial and operational accounting activities, internal controls, and financial reporting for the Corporate Line of Businesses (LOBs), as well as centrally managed Firm-wide accounting activities. The Global Real Estate Controller team is comprised of business and accounting professionals across the globe who have direct responsibility for a firm-wide real estate portfolio in more than 60 countries across 5,500 owned and leased properties, covering approximately 74 million square feet.
Associate Controller will support Global Real Estate – Lease Administration.
Specific responsibilities may include:
Manage a high volume, complex, and diverse portfolio of work which may include all aspects of lease management, including, but not limited to, creation of the lease record, abstraction of executed legal documents, recurring and non-recurring payments, reconciliations, issue escalation, ad hoc landlord requests, and lease disposals.
Work closely with Global Real Estate Accounting team to ensure accuracy and completeness of abstracted lease details as it relates to FASB ASC 842 and IFRS 16
Ensure property ownership changes and updates are reviewed, proper documentation is obtained, and timely and properly completed to ensure associated payments are processed within the terms and conditions of the lease.
Review, analyse, interpret, and summarize complex legal documents (Leases, Amendments, Assignments, Termination Agreements, Contracts, etc.).
Review, analyse and reconcile information and obligations, funding, and invoicing requiring knowledge of fixed asset accounting concepts, budget codes and incorporating process/policy standards.
Ensure accurate and timely payments are submitted (in some cases, including detailed and comprehensive account and contract analysis for allowable costs).
Assist internal and external partners with appropriate documentation and problem resolution.
Gather appropriate facts, and complete detailed review, analysis, and evaluation of data necessary to prepare legal documents to include Estoppel and/or Subordination Non-Disturbance and Attornment (SNDA) legal documentation as required by lease or other legal documents.
Respond to, research and resolve outstanding items.
Manage and maintain relationships with landlords, tenants, and internal and external business partners who provide coverage over diverse sectors to include Facilities Management, Consumer Bank Distribution Network, Design and Construction, Global Security, Critical Systems, and Energy and Sustainability to facilitate effective partnering and issue resolution.
Provide recommendations to the legal and transactions teams to assist with development of appropriate and improved legal language to improve lease and contract management.
Identify exceptions to standards, determining underlying causes and escalating to the supervisor and/or partners as appropriate.
Timely provide detailed and accurate quarterly accrual information.
Respond to and address ad hoc requests received via shared or individual mailboxes and phone.
Maintain accurate documentation to support transaction processing in compliance with Corporate and Global Real Estate Accounting practices and policies.
Degree in Business Administration, Accounting, Real Estate, Finance, Economics, Law or equivalent required
Possess a general understanding of lease administration impacts on lease accounting specific to IFRS 16 and FASB ASC 842
Minimum of 3-5 years of commercial real estate, lease administration or lease accounting experience
Adaptable to increased work schedule demands on occasion/during close
Intermediate Microsoft Office expertise required, Excel, Word, PowerPoint and Outlook
Ability to interpret complex commercial lease language and demonstrated thorough understanding of legal documents required
Demonstrates extensive knowledge and understanding of lease accounting transactions and activities
Excellent listening, verbal, written, and interpersonal communication skills required. Demonstrated ability to perform and communicate effectively while under pressure.
Proven ability to exhibit poise, composure and confidence when confronting stressful or high-pressure situations and accountability for actions and behaviour
Ability to research and resolve or suggest resolutions to problems (including detailed follow-up)
Hands on, self-starting, disciplined, and detail-oriented individual with ability to work independently and identify and implement solutions to issues in a high volume environment that requires a work product that is highly accurate and timely provided
Highly organized with ability to manage multiple priorities and time sensitive deliverables and deliver quality results on time
Ability to adapt to change
Efficient, proactive, responsive, team player with a proven track record of establishing and maintaining strong client and internal partner relationships
Personally exhibits a strong commitment to dependability and reliability with the ability to gain and maintain the confidence of team, partners and clients
Must be able to work in a high volume, time sensitive environment with a focus on teamwork, meeting established deadlines, and multi-tasking as required under pressure
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
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