Fixed Asset & Lease Accountant I/II/III

Univera Healthcare•Rochester, NY

15h•Hybrid

About The Position

The Fixed Asset and Lease Accountant will be a part of a team responsible for the accounting and financial reporting functions of the Lifetime Healthcare Companies’ fixed asset and leases. This includes preparing external (U.S. generally accepted accounting principles (“GAAP”) and statutory accounting principles (“SAP”) and internal reporting, financial statement disclosures, and providing regulatory and external audit support. This role is an integral member of the monthly, quarterly, and annual accounting close process and is highly collaborative with various internal departments (Finance, facilities, operations, etc.). The role requires an understanding of relevant fixed asset and lease-related GAAP (i.e. FASB Accounting Standards Codification 320 and 842) and SAP (i.e. Statement of Statutory Accounting Principles No. 22) and reporting to ensure the accuracy of financial data and supports ad-hoc fixed asset and lease-related requests. The position is available at multiple levels (I, II, III) differentiated by demonstrated knowledge, skills, and the ability to manage increasingly independent and/or complex assignments, broader responsibility, additional decision making, and in some cases, becoming a resource to others.

Requirements

Bachelor’s degree in accounting or related field. In lieu of a degree, six (6) years of experience required.
Demonstrated understanding of financial statements and GAAP.
Ability to interpret and effectively implement/apply changes in accounting guidance.
Ability to effectively communicate and collaborate across all levels of the organization.
Takes initiative and promotes a continuous improvement mindset and culture.
Ability to simultaneously handle multiple priorities.
Ability to work independently.
Working knowledge of Microsoft Office Suite (Excel, Word, PowerPoint).
Two (2) years of related experience (Level II).
Demonstrates understanding of fixed assets and leases and related accounting (Level II).
Strong ability to communicate and interact with all levels of the organization (Level II).
Ability to handle more complex priorities (Level II).
Possesses a broader knowledge of accounting principles and subject matter (Level II).
Five (5) years of related experience (Level III).
Advanced understanding of GAAP and SAP (Level III).
Possesses comprehensive knowledge of accounting principles and subject matter (Level III).
Advanced, comprehensive knowledge of fixed asset and lease accounting and financial reporting (Level III).
Strong analytical and problem-solving skills; the flexibility to work effectively in a fast-paced environment (Level III).
Ability to work independently and handle complex, competing priorities (Level III).

Nice To Haves

One (1) year of related experience preferred (All Levels).
CPA or advanced degree preferred.
Public accounting and/or fixed asset and lease experience preferred.
An understanding of SAP preferred.
Knowledge of, and experience, with Workday, Lease Query and associated systems preferred.

Responsibilities

Gather and analyze financial data from a variety of sources to prepare journal entries, account reconciliations, associated tax schedules and financial schedules in a manner consistent with ensuring internal and external audit compliance.
Record, track, and maintain the fixed asset register and subledger, including additions, disposals, transfers, retirements and calculating of monthly depreciation and amortization.
Review and capitalize assets in accordance with company policies.
Support physical asset inventories and ensure alignment with book records.
Track construction in progress and support timely asset placement in service, ensuring robust supporting documentation.
Coordinate with procurement, IT, real estate services and operations on asset and lease-related matters.
Maintain lease schedules, including right-of-use (ROU) assets and lease liabilities for GAAP, and applicable statutory treatment and initiate monthly lease payments maintaining compliance with contract terms.
Review contracts to identify embedded leases and determine appropriate accounting treatment under both reporting frameworks.
Update lease modifications, reassessments, and renewals.
Ensure completeness and accuracy of lease data within lease accounting systems.
Research technical accounting and financial reporting issues, documenting the analysis of issues, including accounting positions considered and conclusions reached.
Maintain and enhance the control environment, consistent with NAIC Model Audit Rule, by applying the internal corporate policies and procedures and external regulations.
Keep abreast of accounting/professional developments by attendance at seminars/workshops and professional society meetings, review of publications and as necessary, independent study.
Provide support to projects/initiatives within Finance or the wider Enterprise.
Establish and maintain constructive relationships when dealing with internal and external professionals, institutions, and agencies.
Consistently demonstrate high standards of integrity by supporting the Lifetime Healthcare Companies’ mission and values, adhering to the Corporate Code of Conduct, and leading to the Lifetime Way values and beliefs.
Maintain high regard for member privacy in accordance with the corporate privacy policies and procedures.
Regular and reliable attendance is expected and required.
Perform other functions as assigned by management.
Work on more complex technical accounting and financial reporting issues, documenting the analysis of issues, including accounting positions considered and conclusions reached (i.e. sale leaseback transactions) (Level II).
Provide enhanced support to projects/initiatives within Finance or the wider Enterprise (Level II).
Handle complex technical accounting and financial reporting issues, documenting the analysis of issues, including accounting positions considered and conclusions reached (Level III).
Lead implementation of new accounting standards, projects/initiatives (Level III).
Act in a consultative capacity to management at all levels of assigned organization unit to provide professional technical expertise in the determination of suitable approaches to financial concerns (Level III).