Lease Analyst Salary
Median pay for Lease Analysts in the United States lies in the neighborhood of $53K per year. Location and career duration each impact pay for this group, with the former having the largest influence. Female Lease Analysts make up most of the survey respondents at 73 percent. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Most Lease Analysts like their work and job satisfaction is high. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Job Description for Lease Analyst
Lease analysts usually work for oil and gas companies. They specialize in government rules and regulations related to oil and/or gas exploration. They perform a liaison function between their companies and land owners. They manage land contracts with property owners in order for their organizations to start gas or oil exploration. Lease analyst positions were created due to the complexity of land ownership related to exploration sites and very strict government regulations related to mineral rights and environmental impact. Lease analysts need to stay current on industry trends.Read More...
There are various requirements in order to become a lease analyst. Bachelor's degrees in relevant fields are often required but can be substituted by years of experience. Lease analysts are often required to be certified by The National Association of Lease and Title Analysts. In order to get certificates, these lease analysts need to pass rigorous qualifying exams.
In addition to traditional industrial and business contracts, lease analysts should be knowledgeable in oil and gas leases. They need to be able to interpret contracts with land owners and technical provisions that are often contained in lease contracts with the land owners. They need to know their organization's rights and land owners' rights. Excellent communications skills of all kinds are required. The ability to learn and operate their organization's computer systems are needed. They need to be able to travel all over the country and often around the world. Lease analysts must be up to date in government rules and regulations related to their industry, as well as industry trends.
Lease Analyst Tasks
- Enter lease data into a lease administration database, adhering to abstraction procedures.
- Generate, publish and distribute lease compliance database reports.
- Administer sub-tenant receivable leases, including billing and collection.
- Process lease invoices, variable and recurring rent in accordance with compliance procedures.
- Review and audit leases as necessary.
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Pay by Experience Level for Lease Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Lease Analysts who reported more years of relevant experience also reported higher earnings. Respondents with less than five years' experience take home $50K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $64K. Lease Analysts bring in $65K after working for 10 to 20 years. Lease Analysts who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $78K.
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Key Stats for Lease Analyst
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