Lease Accounting Specialist

📋 Description

• Oversee the complete lease accounting process for a portfolio encompassing real estate and/or equipment leases

• Analyze lease agreements and abstracts to ascertain the appropriate accounting treatment in accordance with ASC 842 and/or IFRS 16

• Create and document monthly, quarterly, and annual lease accounting journal entries

• Maintain lease schedules, amortization tables, and calculations for right-of-use assets and lease liabilities

• Reconcile general ledger accounts related to leases and investigate any discrepancies

• Facilitate month-end, quarter-end, and year-end closing processes concerning lease accounting

• Ensure the completeness and accuracy of lease data within the lease accounting system

• Assist with lease modifications, reassessments, renewals, terminations, and impairments

• Prepare SEC financial statement disclosures related to leases for 10-Q/10-K filings

• Provide documentation, schedules, and explanations to support internal and external audit requests

• Identify and promote process improvements, including leveraging automation tools to enhance efficiency, accuracy, and control within accounting processes

• Aid in strengthening internal controls over lease accounting and associated financial reporting processes

• Contribute to overall accounting operations and assist with cross-functional accounting activities as required

• Conduct ad hoc analysis and reporting as requested by management.

⛳️ Requirements

• Bachelor’s Degree and a minimum of 4 years of relevant experience

• Graduate Degree and at least 2 years of related experience

• In the absence of a degree, a minimum of 8 years of related experience is required

• 3+ years of accounting experience, particularly in lease accounting

• Strong understanding of ASC 842 and/or IFRS 16

• Experience in general ledger accounting, reconciliations, journal entries, and financial reporting

• Proficient in managing accounting processes throughout the complete accounting cycle

• High proficiency in Microsoft Excel, including advanced formulas, pivot tables, and reconciliations

• CPA or progress toward CPA designation is preferred

• Familiarity with automation tools and initiatives aimed at process improvement in accounting or finance

• Experience in additional accounting domains such as Accounts Payable, Fixed Assets, Cash Accounting, or general accounting functions

• Experience with ERP systems like PeopleSoft, SAP, and/or Costpoint is preferred

• Familiarity with lease accounting platforms such as CoStar Real Estate Management

• Background in public accounting and/or large corporate accounting settings

• Knowledge of SOX controls and compliance standards

• Experience managing large volumes of lease data across various business units or geographical locations

• Experience supporting comprehensive accounting operations in a corporate setting.

🏝️ Benefits

• Health and disability insurance

• 401(k) match

• Flexible spending accounts

• Employee Assistance Program (EAP)

• Education assistance

• Parental leave

• Paid time off

• Company-paid holidays