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

Ernst & Young LLP•Chicago, IL

73d•$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. The opportunity 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. Your key responsibilities The nature of this role means no two projects will be the same. That means you'll need to think on your feet and challenge existing practices to develop answers to complex issues. You'll also be collaborating with colleagues across multiple service lines, so we'll look to you to build relationships and identify opportunities for our clients to benefit from our knowledge in other areas. Occasional travel may be necessary as you will be meeting with key clients, some of whom are the most respected in their fields.

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

We offer a comprehensive compensation and benefits package where you'll be rewarded based on your performance and recognized for the value you bring to the business.
The base salary range for this job in all geographic locations in the US is $146,700 to $335,100.
The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $176,000 to $380,800.
Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography.
In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options.
Under our flexible vacation policy, you'll decide how much vacation time you need based on your own personal circumstances.
You'll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.

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