Manager, Lease Accounting

This is a fully remote position, open to applicants in United States.

📋 Description

• Oversee the complete lease accounting operations at EVgo.

• Manage the monthly, quarterly, and annual financial closing processes for the entire lease portfolio.

• Evaluate and record new leases, amendments, renewals, extensions, and terminations in CoStar in accordance with ASC 842.

• Review and authorize lease amortization schedules, right-of-use asset and liability balances, as well as period-end GL reconciliations.

• Examine and approve outgoing rent and site host submeter payments.

• Identify contract variations and embedded lease clauses, documenting accounting conclusions in technical memoranda.

• Evaluate lease portfolios for impairment triggers and conduct or coordinate impairment analyses.

• Assess and account for asset retirement obligations concerning site restoration requirements.

• Provide balance sheet movements and analyses to FP&A for cash flow reporting and budget-to-actual variance analysis.

• Develop and uphold lease accounting policies.

• Maintain process documentation and SOX 404 controls while addressing control deficiencies.

• Collaborate on quarterly and annual lease footnote disclosures for Form 10-Q and 10-K submissions.

• Assist with internal and external audit inquiries.

• Partner with Lease Administration to keep lease projects updated in CoStar.

• Identify significant leases and substantial changes that necessitate accounting review and timely setup.

• Work with FP&A on monthly lease expense analysis and budget variances.

• Support the implementation and enhancement of financial systems, including CoStar testing and ERP integrations.

• Enhance efficiency through automation and improved system utilization.

• Establish a documented routine for recurring monthly closing activities.

• Supervise and mentor accountants involved in the lease accounting operations.

• Conduct performance evaluations, offer feedback, onboard new team members, and facilitate employee development.

• Execute additional duties and special projects as assigned.

⛳️ Requirements

• Generally, 8+ years of progressive accounting experience, with at least 3 years focused on lease accounting, or equivalent professional experience.

• A Bachelor’s degree in Accounting, Finance, or a related discipline is preferred.

• A CPA license or active candidacy is highly desirable.

• Experience in a public company setting with direct involvement in SEC reporting and external audit support for lease disclosures.

• Previous experience in supervising or developing accounting personnel.

• Familiarity with lease accounting process automation and financial system integration initiatives.

• Equivalent education or training in accounting, finance, or a related area may be accepted instead of a formal degree.

• Expert knowledge of ASC 842, including lease classification, initial and subsequent measurement, modification accounting, and impairment evaluation.

• Experience managing a lease portfolio comprehensively using a lease accounting system; CoStar is preferred.

• Strong understanding of US GAAP and SOX 404 internal control requirements relevant to lease accounting.

• Proficiency in ERP systems; NetSuite is preferred.

• Advanced skills in Microsoft Excel.

• Proven ability to prepare and review technical accounting memoranda that document lease-related positions.

• Excellent written and verbal communication skills.

• Ability to collaborate effectively with Lease Administration, FP&A, SEC Reporting, and external auditors.

• Occasional travel may be necessary for team or cross-functional meetings.

🏝️ Benefits

• Medical, dental, and vision insurance.

• Support for mental wellness and wellness programs.

• 401(k) plan.

• Health Savings Account (HSA).

• Flexible Spending Accounts (FSA) for medical and dependent care expenses.

• Life and disability insurance coverage.

• Unrestricted paid time off.

• Enhanced parental leave benefits.

• Employee Assistance Program (EAP).

• Health Advocate services.

• Telehealth services.

• Mentorship initiatives.

• Opportunities for professional growth and internal mobility.

• Monthly Technology Stipend.

• One-time reimbursement for home office setup.

• Volunteer time off.

• Commuter benefits.

• Programs focused on employee welfare.

• Discretionary target cash bonuses.

• Restricted stock units (subject to Board Approval).