Senior Accountant Lease Accounting and Fixed Assets

LORIS GIFTS INC•Plano, TX

29m•$80,000 - $90,000

About The Position

The Senior Accountant of Lease Accounting & Fixed Assets ensures the financial integrity of the company’s lease and asset portfolios. Key responsibilities include leading ASC 842 compliance, overseeing the fixed asset lifecycle (from Capex to disposals), and applying GAAP expertise to technology and SaaS investments. The 842 Lease Accountant facilitates lease payments, performs monthly recording and reviewing of lease transactions, and serves as a liaison for addressing leasing inquiries between our business development and our hospital partners. In addition, various month end balance sheet reconciliations as assigned.

Requirements

ASC 842 experience required
Requires 5-7 years’ experience in accounting
Proficient in MS Word and Excel including pivot tables and VLOOKUP functions
Must be detailed-oriented, a team-player, professional and ethical
Must have a proactive approach and strong organizational skills
Excellent time management and interpersonal skills
Strong verbal and written communication skills and the ability to effectively work with both internal and external customers

Nice To Haves

Experience with Lucernex a plus
Experience with Netsuite or similar ERP system and Mi9 preferred
CPA / CPA Candidate not required

Responsibilities

Set-up and evaluate the accounting impact of new and/or modified lease contracts in accordance with ASC 842.
Gather, verify and input cross-functional data into the lease management tool.
Own the month end close process for lease accounting, including recording monthly lease journal entries and preparing reconciliations.
Responsible for documentation of the Company’s assessment of leases treatment in accordance with GAAP.
Perform monthly and annual close responsibilities including active participation in monthly variance analysis.
Work closely with the AP team to reconcile and initiate lease payments, ensuring they are processed completely, accurately, and timely.
Prepare ad hoc reports as needed to support routine reviews, accounting, and financial reporting needs.
Ensure proper accounting for all fixed assets including capitalizations, transfers, disposals, depreciation and impairment.
Coordinate with Operations and Development teams on fixed assets for opening and closing stores.
Complete fixed assets roll forwards and reconciliations.
Work with our third-party provider and AP to ensure that our property taxes are paid accurately and timely, and that related journal entries and reconciliations are completed.
Ensure that all processes and procedures are documented and updated.
Cross train on other accounting projects and month end reconciliations and responsibilities as assigned.
Lead the fixed assets and leasing cycles and interact heavily with other departments, including business development and store operations.