Senior Lease Accountant
Senior Lease Accountant
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Job Description
Summary
Are you an accountant that wants to make a big countywide impact on the community youve chosen to call home If thats not enough reason to join our team how about a career with fascinating accounting puzzles to solve surrounded by brilliant professionals that you can partner with to make sure the Countys lease and subscription activities are reported correctly in the audited financial statements The Capital Asset Accounting (CAA) unit in the Financial Management Section (FMS) has an outstanding opportunity for a Senior Lease Accountant (Senior Accountant). This position is the primary subject matter expert on accounting for leases partnerships and software subscriptions under Statements of the Governmental Accounting Standards Board #87 94 and 96. CAA is an essential component of the Countys efforts to maintain its top-notch bond ratings and access to municipal bond credit markets that enable the County to embark on large projects and programs in our goal to make King County a Welcoming Community Where Every Person Can Thrive!
We are looking for someone who is passionate about providing excellent customer service and continuously creating new ways to improve business processes. The Financial Management Section is part of the larger Finance and Business Operations Division portfolio of countywide services. Operating as an internal service fund FBODs vision is Count on Us reflecting the divisions deep-seated commitment to customer success equity employee engagement resource stewardship and operational excellence. You will join a supportive team that will partner with you in these efforts; FBOD is an open ethical highly engaged and collaborative community based on trust transparency and mutual respect. FBOD believes in the importance of quality of life embracing diversity and equity and making a difference. If these values align with your own submit your application now and come join us for a rewarding career.
The Senior Lease Accountant is the expert on the nuanced but exciting area of governmental accounting dealing with leases public-public and public-private partnerships and software subscriptions. They work together with colleagues in FMS and county agencies to record and maintain the countys leases subscriptions and public / public and public / private partnership activity. The County has a broad portfolio of leases subscriptions and partnerships which give rise to intangible assets under the accounting standards. Accounting for these activities requires maintaining collaborative relationships with agencies who conduct the 60 lines of business across the government expertise in the rules of accounting for these activities in governments and working closely with other accounting units in Financial Management that lead preparation of the Annual Comprehensive Financial Report.
Scope of Job Duties
- Consult with agency colleagues and FMS team members to provide subject matter expertise on matters of lease partnership and subscription accounting.
- Have primary responsibility for disclosure around leases subscriptions and partnerships in the Notes to the Financial Statements. Ensure the note disclosures reconcile to the fund statements and other Notes.
- Maintain the lease and subscription subsidiary ledger establishing internal controls to maintain reliability of the subledger data. Serve as the primary liaison between the county and the cloud vendor hosting the subsidiary ledger.
- Generate journal entries to reflect lease activity in the general ledger.
- Reconcile the lease accounting subsidiary ledger to the General Ledger.
- Lead business process improvement and standardization using technology and other tools.
- Build relationships with agency finance managers and others reinforcing the FBOD Count on Us vision showing how FBOD leads the way in developing solutions for our customers.
- Lead interactions with internal and external auditors; provide information and access to accounting records; develop and provide responses to audit inquiries and recommendations.
Minimum Qualifications
Experience as a financial statement preparer or auditor to lease accounting concepts including present value of future cash flows lease options amortization impairment termination and discount rates. The level of experience to be successful in this position is typically obtained through 2-5 years of work experience as an accountant or similar professional.- Ability to interpret and explain laws instructions accounting pronouncements and County objectives and policies to broad audiences.
- Ability to think strategically and be analytical when understanding problems and anticipating potential issues while seeing the big picture.
- Ability to support continuous improvement efforts within the unit through leading and participating in continuous improvement projects.
- Strong communication interpersonal writing and customer service skills
- Intermediate level of technology proficiency using MS Office Productivity tools in your daily work
- Ability to manage your time and adapt to changing priorities work on multiple priorities and projects simultaneously meet quick deadlines and produce timely and quality work products.
- Ability to work with people from diverse backgrounds.
Preferred Qualifications
- Masters degree in accounting or related field Certified Public Accountant (CPA) Certified Management Accountant (CMA) Certified Public Finance Officer (CPFO) Certified Government Finance Manager (CGFM) or other related degree or certification.
- Experience as a financial statement preparer under generally accepted accounting principles for state and local governments in the United States (GAAP)
- Experience with LEAN processes and principles including experience using data and metrics to drive decision making.
- Advanced knowledge of Microsoft Excel and/or Google Sheets to include scripting and development of custom formulas
- Experience with SharePoint MS Teams and other collaborative online tools
Position Information:- Work Site Details:The work associated with this position will primarily be hybrid with 2 assigned days in office per week. In office requirements may change as required by King County business needs and for meetings/events.
- Location Requirement:Employees must reside in Washington state and within a reasonable distance to their King County worksite to respond to in-office reporting requirements.
- Work Schedule:This position is exempt from the provisions of the Fair Labor Standards Act and therefore is not overtime eligible. Employees are paid on a bi-weekly schedule every other Thursday comprising a 40-hour workweek; normally 8:00 a.m. - 5:00 p.m. Monday through Friday. Multi-day vacation restrictions are in effect and Saturday work is required from mid-February to mid-April annually to support production of the financial statements.
- Union Representation: This position is represented.
Employees will be provided with a County issued laptop. When working remotely employees must maintain a workspace with an internet connection (access may be supplemented in some situations) where they can reliably perform work remain available and responsive during scheduled work hours and follow FBODs Hybrid and Remote Guidelines including on-camera participation during virtual video meetings. King County has a robust collection of tools and resources to support working remotely.
The Application/Selection Process:
The recruitment for this position is open to all qualified candidates. A completed King County Application is required. Applicants from this recruitment may be used to fill future opportunities in this job classification.We highly recommend that you also provide a resume and cover letter addressing how you meet the minimum qualifications and why you are interested in this position.
The selection process typically consists of a phone screen video interview and reference checking. For some positions the process may also include skill testing writing samples or additional interviews. Candidates will be updated on the status of their application via the email address used to apply.
Note: Online applications are preferred. However if you cannot apply online go to for other options.
If you have any questions or concerns while applying please contact:
Michael Castro Recruiter (HR Analyst)
Email:Supplemental Information
Forbes named King County as one of Washington States best employers.
Together with leadership and our employees were changing the way government delivers service and winning national recognition as a model of excellence. Are you ready to make a differenceCome join the teamdedicated to serving one of the nations best places to live work and play.Guided by our True North we are making King County a welcoming community where every person can thrive. We value diversity inclusion and belonging in our workplace and workforce. To reach this goal we are committed to workforce equity. Equitable recruiting support and retention is how we will obtain the highest quality workforce in our region; a workforce that shares and will help advance our guiding principles - we are one team; we solve problems; we focus on the customer; we drive for results; we are racially just; we respect all people; we lead the way; and we are responsible stewards. We encourage people of all backgrounds and identities to apply including Native American and people of color immigrants refugees women LGBTQ people living with disabilities and veterans.King County is an Equal Employment Opportunity (EEO) Employer
No person is unlawfully excluded from employment opportunities based on race color religion national origin sex (including gender identity sexual orientation and pregnancy) age genetic information disability veteran status or other protected class. Our EEO policy applies to all employment actions including but not limited to recruitment hiring selection for training promotion transfer demotion layoff termination rates of pay or other forms of compensation.
To Apply
If you are interested in pursuing this position please follow the application instructions carefully. If you need this announcement in an alternate language or format would like to request accommodation or assistance in the application or assessment process or if you have questions please contact the recruiter listed on this job announcement.
Required Experience:
Senior IC
Employment Type
Full-Time
