Specialist, Lease Accounting

L3HHCM20•Town of Guilderland, NY

2d•Remote

About The Position

We are seeking an experienced Lease Accountant to manage and support the company’s lease accounting processes in compliance with applicable accounting standards, including ASC 842 and/or IFRS 16. This role is responsible for the accurate recording, reconciliation, reporting, and analysis of lease-related transactions across the organization. The ideal candidate will have strong technical accounting knowledge, excellent analytical skills, and experience with lease accounting systems, ERP platforms, automation tools, and end-to-end accounting processes.

Requirements

Bachelor’s Degree and minimum 4 years of prior relevant experience. Graduate Degree and a minimum of 2 years of prior related experience. In lieu of a degree, minimum of 8 years of prior related experience.
3+ years of accounting experience, with significant experience in lease accounting.

Nice To Haves

Strong knowledge of ASC 842 and/or IFRS 16.
Experience with general ledger accounting, reconciliations, journal entries, and financial reporting.
Experience managing accounting processes through the full accounting cycle.
Proficiency in Microsoft Excel, including complex formulas, pivot tables, and reconciliations.
CPA or progress toward CPA preferred.
Experience with automation tools and process improvement initiatives within accounting or finance functions.
Experience with additional accounting areas such as Accounts Payable, Fixed Assets, Cash Accounting, or other general accounting functions.
Experience with ERP systems such as PeopleSoft, SAP, and/or Costpoint preferred.
Experience with lease accounting platforms such as CoStar Real Estate Management.
Experience in public accounting and/or large corporate accounting environments.
Familiarity with SOX controls and compliance requirements.
Experience working with large volumes of lease data across multiple business units or geographies.
Experience supporting end-to-end accounting operations in a corporate environment.

Responsibilities

Manage the end-to-end lease accounting process for a portfolio of real estate and/or equipment leases.
Review lease agreements and abstracts to determine proper accounting treatment under ASC 842 and/or IFRS 16.
Prepare and record monthly, quarterly, and annual lease accounting journal entries.
Maintain lease schedules, amortization tables, and right-of-use asset and lease liability calculations.
Reconcile lease-related general ledger accounts and investigate variances.
Support month-end, quarter-end, and year-end close processes related to lease accounting.
Ensure completeness and accuracy of lease data in the lease accounting system.
Assist with lease modifications, reassessments, renewals, terminations, and impairments.
Prepare 10-Q/10K SEC financial statement disclosures related to leases.
Support internal and external audit requests by providing documentation, schedules, and explanations.
Identify and support process improvements, including the use of automation tools to improve efficiency, accuracy, and control within accounting processes.
Assist in strengthening internal controls over lease accounting and related financial reporting processes.
Contribute to broader accounting operations and support cross-functional accounting activities as needed.
Perform ad hoc analysis and reporting as requested by management.