Global Senior Lease Accountant

LKQ Corporation • Chicago, IL

113d

About The Position

Join the LKQ Family! We're looking for motivated individuals to join our team at LKQ Corporation. With opportunities for growth, competitive benefits, and a supportive work environment, LKQ is the place to be. Apply now and take the first step toward a rewarding career! Responsible for the global administration and reporting of all facility, vehicle, and equipment lease accounting activities for the company.

Requirements

• Bachelor’s Degree in Accounting.
• 5+ years of related experience required; Fully competent professional; In-depth knowledge and experience.

Nice To Haves

• CPA certification.
• Experience with FinQuery Lease software.
• Experience in a corporate accounting environment.

Responsibilities

• Lead the preparation, coordination, and maintenance of lease documentation to ensure accurate and timely recording of lease schedules in compliance with ASC 842.
• Oversee the entry and ongoing maintenance of lease data within the lease accounting system, ensuring data integrity and alignment with contractual terms.
• Apply advanced knowledge of ASC 842 to review and determine appropriate lease classification and accounting treatment, including complex arrangements and modifications.
• Manage lease-related activities within the monthly, quarterly, and annual financial close processes, including preparation, review, and approval of journal entries.
• Review and validate lease schedules maintained in the Lease Accounting Application, ensuring consistency with source documentation and accounting standards.
• Serve as a subject matter expert in reviewing lease agreements and interpreting terms for proper accounting treatment.
• Perform and review detailed reconciliations of lease-related balance sheet accounts, investigating and resolving discrepancies proactively.
• Identify, recommend, and lead process improvements and automation opportunities to enhance the efficiency and accuracy of lease accounting operations.
• Provide guidance and mentorship to junior team members, supporting their development and ensuring adherence to internal controls and accounting policies.
• Act as a key contact with cross-functional teams (e.g., Real Estate, Fleet and Logistics, Legal, and FP&A) to ensure lease terms are accurately reflected in the accounting system.
• Monitor and respond to lease-related communications, escalating issues as needed and ensuring timely, documented resolution of inquiries.
• Prepare and review audit schedules for internal and external audits, serving as a primary point of contact for lease-related audit requests.
• Stay current on accounting guidance, regulatory changes, and best practices in lease accounting, and assess implications for company policies and procedures.
• Support strategic initiatives and special projects related to lease accounting, including system upgrades, M&A activity, and policy updates.
• Assume other duties as assigned.

Benefits

• Health/Dental/Vision Insurance
• Paid Time Off
• 401k with Generous Company Match
• Company Paid Life Insurance and Long-Term Disability
• Short-Term Disability
• Employee Assistance Program
• Tuition Reimbursement
• Employee Discounts

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees