Lease Accountant

Novolex • Lake Forest, IL

9d • $70,000 - $90,000 • Onsite

About The Position

The Lease Accountant is responsible for managing and accounting for all lease-related transactions, ensuring compliance with applicable accounting standards (ASC 842 / IFRS 16), and supporting accurate financial reporting and audit requirements.

Requirements

• Managing and accounting for all lease-related transactions
• Ensuring compliance with applicable accounting standards (ASC 842 / IFRS 16)
• Supporting accurate financial reporting and audit requirements
• Prepare monthly lease-related journal entries
• Support month-end and quarter-end close activities
• Ensure all lease transactions are recorded accurately and timely
• Reconcile lease-related GL accounts
• Maintain accurate lease subledger and supporting schedules
• Ensure compliance with internal controls and SOX requirements
• Maintain lease database and ensure data accuracy
• Track lease modifications, renewals, and terminations
• Collaborate with Real Estate, Legal, Procurement, and AP teams to gather lease information
• Support budgeting and forecasting for lease-related expenses
• Provide variance analysis and reporting insights

Responsibilities

• Review and analyze lease agreements (real estate, equipment, etc.)
• Determine proper lease classification and accounting treatment
• Calculate and record: Lease liabilities, Right-of-use (ROU) assets, Amortization schedules and interest expense
• Prepare monthly lease-related journal entries (rent expense, amortization, interest)
• Support month-end and quarter-end close activities
• Ensure all lease transactions are recorded accurately and timely
• Reconcile lease-related GL accounts (ROU assets, lease liabilities, prepaid rent, deposits)
• Maintain accurate lease subledger and supporting schedules
• Ensure compliance with internal controls and SOX requirements
• Maintain lease database and ensure data accuracy
• Track lease modifications, renewals, and terminations
• Collaborate with Real Estate, Legal, Procurement, and AP teams to gather lease information
• Support budgeting and forecasting for lease-related expenses
• Provide variance analysis and reporting insights

Benefits

• 401(k) plan with company match
• Comprehensive medical, dental, and vision insurance
• Flexible spending and health savings accounts
• Paid vacation, and sick days
• Paid parental leave
• Paid holidays
• Wellness program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed