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Lease Accounting Manager
4 months ago
- Take ownership of the review of new and/modified leases for treatment under ASC 842 in Tririga
- Understand the downstream effect of lease modifications and how changes will impact the accounting on certain leases
- Ensure that lease administration has a clear understanding on how to process exceptions in Tririga
- Activate the new/ modified leases or send back to Lease Administration as appropriate
- Ensure proper coding for each lease under the Company’s lease/management contract analysis
- Build variance analysis and dashboards on a lease by lease basis
- Be the leader to work with Corporate Accounting and IT on reporting lease KPIs in Oracle Analytics
- Assist with the monthly reconciliation of certain balance sheet accounts under ASC 842 as well as all prepaid and accrued lease accounts
- Lead the effort along with Real Estate, Lease Administration, Accounting and IT to create efficiencies and automation of the percent rent calculation lease process
- Bachelor's degree in Accounting - CPA
- 4-6 years industry and Accounting experience (specifically accounting standards under ASC 840)
- Understanding of ASC 842
- Accounting firm experience is a plus, but not required
- Strong understanding of GAAP and clearly communicating accounting issues to finance and non-finance personnel
- Excellent MS Excel Skills (proficient with pivot tables, VLOOKUP’s, and data analysis)
- Highly effective communication skills (verbal and written)
- Good at developing strong partnerships and influencing people.
- Ability to prioritize appropriately and handle multiple tasks simultaneously
- Strong organization skills in ensuring all key lease deliverables are appropriately organized
- Knowledge of IBM Tririga
- Experience in Oracle GL
- New position needed due to Tririga implementation and the new accounting standards & changes associated with leases.
- This position will work closely with the lease admin team (~15 people) in the Phoenix office but will be a part of the accounting team in NJ. Report to manager also sits in NJ.
- Familiarity & understanding of ASC 842 is a hard requirement. Knowledge of Tririga would be preferred but they know that might be a stretch.
- Will be some travel to NJ possibly going once a quarter to the Fairfield office as well travel for training purposes within the first 3 months
- Will not be managing people right away but possibly in the down the road. Must have excellent people skills and proven ability to work is a self-sufficient manner without a lot of physical oversight