FAAS Technical Accounting Advisory Group - Senior Manager, Leasing and Tangible Assets

Ernst & Young • Chicago, IL

96d • $146,700 - $335,100

About The Position

At EY, we're all in to shape your future with confidence. We'll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world. When our clients are facing complex finance and controllership issues, they look to us to get it right. Whether weighing the pros and cons of business transaction structure alternatives or tackling various technical accounting and financial reporting projects, we provide the answers to the important questions. Our Financial Accounting Advisory Services (FAAS) team is growing exponentially, and as a Senior Manager in our Technical Accounting Advisory Group (TAAG) group, you will play a key role in that growth. Working across all industries, you'll develop your career by communicating creative, strategic goals both internally and externally. It's all about listening to and understanding our clients to give them a truly exceptional experience in a field where there really are no off-the-shelf recommendations. As part of our Technical Accounting Advisory Group, you will help companies manage the complex financial and accounting issues relating to consolidation and joint ventures, IPOs, business combinations, compensation, revenue recognition, derivatives and hedging, debt vs. equity, SEC reporting, leases, and much more. This is a highly visible role allowing you to work with a broad set of clients across the US firm, interacting directly with our FAAS and audit teams and clients. This is a truly unique opportunity to learn technical accounting at a faster rate and deeper level.

Requirements

• A bachelor's degree, CPA certification and at least 8 years' work experience
• Including at least 2 years of experience in 3+ industries / sectors (e.g., life sciences, technology, advanced manufacturing, aerospace and defense, energy) of varied technical accounting analysis primarily in the areas of lessee accounting under ASC 842, including complex issues such as improvements, incentives, master leases and modifications
• Sale-leaseback and build-to-suit (including 'failed' arrangements) under ASC 842
• Lease impairment analysis
• Experience should include 3-5 years in public accounting in more of a technical/highly complex analysis including analysis and memo writing on any variety of technical topics
• Strong technical writing and presentation skills
• Strong project management of complex technical accounting including the ability to develop realistic time budget and deadline estimates
• A thorough understanding of US GAAP
• An understanding of the marketplace, as well as commonly used terminology, processes and tools
• A proven record of excellence when managing, mentoring and improving a team of high-performing colleagues
• The confidence to research and resolve emerging client issues, including regulations, industry practices and new technologies
• The ability and willingness to travel and work in excess of standard hours when necessary
• Access to reliable transportation to/from the EY office and client sites. A driver's license is strongly recommended as ride share and public transportation options may not be available in all locations

Nice To Haves

• IFRS experience as either preparer, auditor or accounting advisor
• Experience with lessor accounting under ASC 842
• Interaction between ASC 842 and ASC 606 for lessor arrangements
• General long-lived asset (e.g., PP&E), including capitalization, impairment, repairs/maintenance, capitalized interest, and asset retirement obligations experience
• Inventory accounting and costing, including cost capitalization, FIFO/Average/LIFO/Retail method, manufacturing costs (standard costing and variances), impairment, and DISE
• Knowledge on other topics such as government grants, environmental credits, environmental obligations and involuntary conversion

Responsibilities

• Consulting with clients on complex and technical accounting issues
• Collaborating with partners and clients to influence strategy, balancing risk and client expectations
• Ensuring our engagement teams thoroughly understand our clients' unique needs, ambitions and expectations
• Building relationships with colleagues across multiple service lines to provide seamless, integrated service
• Managing performance and identifying opportunities to improve our products and processes

Benefits

• Comprehensive compensation and benefits package
• Base salary range for this job in all geographic locations in the US is $146,700 to $335,100
• Base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $176,000 to $380,800
• Medical and dental coverage
• Pension and 401(k) plans
• Wide range of paid time off options
• Flexible vacation policy
• Time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Professional, Scientific, and Technical Services
• Education Level: Bachelor's degree