Senior Accountant - Fixed Asset & Lease

UL Solutions • Northbrook, IL

8d • Hybrid

About The Position

Join UL Solutions as a Senior Accountant supporting the global accounting lifecycle for fixed assets and leases. This highly visible role helps deliver accurate, timely financial results under U.S. GAAP, including ASC 360 and ASC 842, while strengthening the data, controls, and processes behind capital asset and lease portfolios. The position reports to the Lease Accounting Manager and is part of the Fixed Assets and Lease Accounting Center of Excellence in the Chief Accounting Officer’s organization. It partners with Real Estate, Procurement, FP&A, Technical Accounting, project teams, and regional finance to address accounting issues, improve processes, and support domestic and international operations.

The role offers exposure to global accounting operations, cross-functional decision-making, and opportunities to improve systems and processes in a public-company environment. It is a full-time, hybrid position requiring three days on-site at the Northbrook, Illinois office.

Requirements

• Bachelor’s degree in Accounting.
• At least 5 years of progressive accounting experience, including hands-on fixed asset and/or lease accounting.
• Solid knowledge of U.S. GAAP, with practical experience applying ASC 360 and ASC 842.
• Experience using an ERP and fixed asset subledger.
• Strong analytical, research, and problem-solving skills, with consistent attention to detail and data quality.
• Ability to prioritize competing demands, meet close and reporting deadlines, and take ownership through resolution.
• Clear, concise written and verbal communication skills and ability to collaborate effectively with diverse stakeholders.

Nice To Haves

• Oracle experience.
• Experience with lease accounting software; LeaseCalcs or a comparable platform is preferred.
• Experience in a public company or similarly complex, multi-entity environment.
• Advanced Microsoft Excel skills and experience working with large data sets, reconciliations, and account rollforwards.
• Experience supporting SOX controls and internal or external audits.
• Experience improving accounting processes, supporting system enhancements, or using automation to reduce manual work.
• CPA or active progress toward certification.
• Experience partnering with cross-functional and international teams.

Responsibilities

• Partner with project managers and asset owners to monitor capital projects, challenge aged construction in progress, and drive timely, well-supported capitalization.
• Coordinate fixed asset cycle counts and investigate exceptions to safeguard the accuracy and completeness of the asset register.
• Prepare and post journal entries for fixed asset additions, disposals, transfers, depreciation, impairments, and other activity.
• Maintain the fixed asset subledger and help ensure transactions, master data, and adjustments are complete, accurate, and recorded on time.
• Support global lease accounting and reporting under ASC 842, including ensuring the lease population is complete and accurate.
• Evaluate the accounting impact of new leases, modifications, renewals, extensions, terminations, and reassessments, escalating complex matters when appropriate.
• Administer lease accounting system data and strengthen related governance, controls, and data quality.
• Own monthly reconciliations between the fixed asset subledger, lease accounting system, and general ledger; investigate and resolve differences promptly.
• Analyze movements in fixed assets, right-of-use assets, lease liabilities, and depreciation or amortization expense, and communicate key drivers as management insights.
• Maintain and validate lease schedules and supporting data for accurate accounting, reporting, and ASC 842 disclosures.
• Prepare and review monthly lease journal entries and reconciliations for lease liabilities, right-of-use assets, and related expense accounts.
• Build relationships with business partners and promote complete, accurate, and well-governed fixed asset and lease data.
• Research transactions, resolve accounting questions, and perform financial analysis for U.S. and international subsidiaries.
• Communicate conclusions clearly and work across functions, time zones, and organizational levels to resolve issues.
• Maintain audit-ready schedules, reconciliations, and accounting documentation in accordance with SOX requirements.
• Support internal and external audits, including document requests, walkthroughs, and control testing, and help resolve findings efficiently.
• Identify opportunities to simplify, standardize, automate, and strengthen accounting processes; contribute to system implementations and other finance initiatives.

Benefits

• Annual bonus compensation with a target payout of 10% of base salary.
• Medical, dental, and vision benefits.
• Wellness benefits, including mental and financial health benefits.
• Retirement savings (401K).
• Paid time off, including 15 vacation days, 12 holiday and personal days, and 72 hours of sick time off.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior