Accounting Specialist � Lease and Fixed Assets

Stefanini Group•Bridgewater, NJ

3d•Hybrid

About The Position

Stefanini Group is hiring an Accounting Specialist – Lease and Fixed Assets in Bridgewater, NJ. This role is part of an ongoing project to establish a global Lease and Fixed Asset Center of Excellence (COE) which will oversee global lease and fixed asset accounting processes, continuing into 2027. The specialist will assist with the transition of regional responsibilities, including updating lease schedules, processing journal entries, depreciation runs, disposals, and preparing reconciliations. They will also help create standard operating procedure manuals, execute global controls, and support the onboarding of JLL for lease abstraction, reviewing accounting implications from updated data in CoStar. Additionally, the role may involve covering the responsibilities of the Manager, Lease and Fixed Asset COE during their leave, which includes partnering with various teams to ensure accurate lease data, supporting FP&A with lease-related information, providing technical accounting guidance, analyzing financial impacts of complex lease transactions, reviewing lease accounting accuracy for SEC filings, optimizing CoStar usage, and managing CoStar administration. For fixed assets, cloud system implementation costs, and capitalized salaries, the specialist will ensure timely month-end close activities, collaborate on asset reviews for disposal or impairment, provide reporting to global finance teams, review contracts for capital vs. operating expense treatment, and manage the capital expenditure request SharePoint site. The role may also involve providing accounting guidance for other finance transformation projects.

Requirements

SAP S/4, SAC, Excel, PowerPoint, Word, CoStar
Strong knowledge of US GAAP, SOX regulations, and global finance operating models.
Strong problem-solving skills
Strong understanding of end-to-end accounting processes and working with global teams in various countries.
Excellent communication, analytical, and organizational skills.
Ability to work under pressure and manage multiple priorities.
Strong attention to detail and a passion for process improvement and automation.

Nice To Haves

IFRS a plus.

Responsibilities

Assist with the Establishment of the Lease and Fixed Asset Center of Excellence (COE).
Assist the Lease and Fixed Asset COE Team in the transition of regional lease and fixed asset transactional responsibilities such as updating lease accounting schedules, processing lease journal entries, depreciation runs, processing fixed asset disposals, and preparing reconciliations to the shared services center.
Assist with the creation of standard operating procedure manuals or in the execution of global controls that are transferring under the oversight of the Lease and Fixed Asset COE.
Assist with the onboarding of JLL, who has been engaged in performing lease abstraction work globally, as well as reviewing potential accounting implications from updated data points in Costar that arise as a result of the JLL engagement.
Cover the responsibilities of the Manager, Lease and Fixed Asset COE while on leave.
Partner with Legal, real estate third-party service provider, and payables teams to ensure, timely, complete, and accurate lease abstraction and maintenance of key data points impacting lease accounting in CoStar.
Support FP&A with lease-related budget and forecast information and lease analysis as needed.
Provide technical accounting guidance for, and analyze the financial impact of, complex lease transactions as they are in negotiation and apprise FP&A and other stakeholders of the expected effects.
Review analyses to evaluate the accuracy of lease accounting results, including disclosure information for SEC filings.
Be the CoStar expert in order to optimize use of the system to gain process efficiencies.
Stay up to date with product enhancements and capabilities and incorporate into the COE process as applicable.
Own CoStar administration for lease accounting, including review of quarterly discount rates provided by Treasury, review of interface of foreign exchange rates, and review of user access.
Ensure timely and accurate month-end close activities are performed, including asset creation and placement into service, depreciation, and reconciliations through review of results and analyses.
Collaborate with facilities management, logistics management, real estate management, and IT operations to periodically review in-service assets for disposal or impairment indicators.
Provide reporting to global finance teams on project spend, asset roll forwards, and other information as needed.
Review complex contracts for treatment as capital vs. operating expense in accordance with technical accounting guidance.
Identify stores to be evaluated for annual store impairment testing (or more often if indicators exist).
Own administration of capital expenditure request SharePoint site, including changes to approval levels and authorization workflow routing.
Provide accounting guidance and analysis for other related projects or initiatives as part of a major finance transformation.