Lease Accountant

The Lease Accountant will manage all aspects of lease accounting including generating and managing lease records for all areas of the business and overseeing accounting, controls, and processes.

Weight % Accountabilities, Actions and Expected Measurable Results

Generate and manage lease records for all area of the Company.

Oversee accounting, controls, and processes for lease accounting under ASC 842, Leases (ASC 842).

Own lease processes and controls to ensure completeness and accuracy of lease population. 

Review of new leases and modifications to extract and validate key information, ensuring data is input, reviewed and approved in lease accounting software (ProLease) timely.

Identify issues within lease accounting software (ProLease) and work directly with ProLease support team to resolve.  

Be the primary contact for ASC 842 and other lease related matters, providing lease accounting support as subject-matter expert within the company. 

Prepare/present internal communications and trainings as necessary on ASC 842 and company specific lease accounting and processes.

Prepare/review monthly journal entries (ProLease, Oracle), lease account rollforwards, and reconciliations (Blackline) ensuring accuracy and timeliness during close.

Prepare and analyze other lease related accounting matters monthly or as needed:  lease guarantees, asset retirement obligations, impairment of long-lived assets, support for statement of cash flows, projections for budget and tax planning purposes.

Coordinate and respond to audit requests with both internal and external auditors for lease related accounting and disclosures.

Prepare quarterly and annual lease disclosures for SEC reporting in the 10-Q and 10-K.

Independently research technical accounting questions and document impact to the financial statements.  Collaborate and have frequent communication with internal business units (LMG, NMG), Strategic Sourcing, Real Estate, IT, Legal and others to ensure all new leases and modifications are identified and received timely. 

Assist Real Estate with planning and modeling lease accounting impact/scenarios for contemplated lease transactions (i.e. vacating portion of leased space, early termination, modifications, subleases, etc.).

Perform other functions as assigned

Minimum Qualifications and Job Requirements | All must be met to be considered.

Education:

Bachelor’s degree in Accounting or Finance.

Experience:

Three years related accounting experience.

Specific Knowledge, Skills and Abilities:

Self-driven, motivated, and goal oriented, with the ability to work well in a team environment.

Strong verbal and written communication, and presentation skills, with the ability to work and communicate effectively.

Proven creative problem-solver, with good attention to detail and ability to multi-task and work with minimal supervision in a deadline-oriented environment.

Clear understanding of US GAAP, preferably hands-on experience with ASC 842

Knowledge of Microsoft Office Suite.

Oracle Financial, Hyperion, Blackline, and ProLease systems experience preferred, but not required.

% Travel Required (Approximate): Less than 5%