Sr. Lease Accountant
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Job Location:
Downers Grove, IL - USA
Monthly Salary:
$ 76000 - 95000
Posted on:
7 hours ago
Vacancies:
1 Vacancy
Job Summary
Overview
The Senior Accountant will be a critical member of the accounting team responsible for being a key member in month-end close specifically focused on all aspects of leases. This includes the monthly journal entries reviewing and ensuring accuracy of monthly payments CAM/utilities audits performing analysis and reviewing the technical accounting aspects of ASC 842. Own the lease accounting lifecycle (new leases modifications/remeasurements terminations and impairments) and serve as the accounting SME for the lease system. This role is critical in handling higher complexity technical accounting matters (lease impairment) and assisting where their areas affect financial reporting. Provide day-to-day guidance review work and support development of two Lease Accounting Specialists (non-people-manager) . The ideal candidate thrives in a fast-paced setting and brings strong technical acumen analytical acute attention to detail and solution-oriented mindset.
Responsibilities
Month-End Close: Prepare and review all month end journal entries as it relates to leases and lease payments. This includes preparing all reconciliations and investigating any differences. |
Lease payments : Review the monthly lease payments and help support the lease accountants to ensure accurate and timely payments |
Cross-Functional Collaboration : Partner with FP&A legal operations and the lease administrative teams to support business initiatives and ensure accounting alignment (assistance with DeNovo builds and ramps). |
Lease audits: Review analyze and perform audits of year end statements from landlords regarding Common Area Maintenance Real Estate Taxes Utilities and Advertising costs. |
Remeasurements/modifications/terminations: reassess lease term update discount rate when required remeasure liability/ROU handle partial terminations/cease-use |
System: Be the system administrator on the lease module from the accounting team perspective |
Financial Reporting : Prepare financial statements related footnotes and analysis for reporting group inclusive of discloures related to leases |
Technical Accounting Research and Analysis: Analyze and interpret complex accounting issues (e.g. ASC 842 ASC 360 ASC 810 ASC 606 ASC 470 etc.) and research new standards and pronouncements |
Qualifications
Required:
Preferred: N/A |
Minimum Experience |
Required:
Experience with multi-entity and/or consolidated financial statements General ledger management and cost allocations Experience with lease accounting and ASC 842. Preferred: SOX-compliance programs and documentation requirements Preparing financial analysis and presenting to internal and external stakeholders |
Knowledge Skills and Abilities |
Excellent problem-solving analytical organization and communication skills
|
Licenses and Certifications |
Required: CPA or CPA candidate Preferred: N/A |
Virtual Employee
Salary Range
Location/Org Data : Dept Number
Required Experience:
Senior IC
Key Skills
- Internal Audit
- Accounting Tally
- General Ledger Accounting
- External Audit
- Microsoft Excel
- PMP
- Financial Accounting
- Financial Analysis
- Payroll
- Financial Recouncilation
- Financial statement
- Accounting and Finance
- ACCA
- CPA
- Financial Reporting
About Company
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