Lead Accountant for Leases and Fixed Assets
2 weeks ago
Senior Financial Analyst - Leases and Fixed Assets
This role is responsible for overseeing the daily operations related to capital projects and lease agreements. The position entails managing the financial aspects throughout the lifecycle of long-term fixed assets and leases, ensuring compliance with regulations, enforcing financial controls, and supporting financial audits.
Benefits for the Senior Financial Analyst - Leases and Fixed Assets
- Exceptional Team Environment
- Purpose-Driven Organization
- Strong Leadership Support
- Opportunities for Professional Development across multiple states
- Positive Workplace Culture - Free from office politics
Key Responsibilities of the Senior Financial Analyst - Leases and Fixed Assets
- Calculate Right of Use and Lease Liabilities, Discount Rates, and payments in accordance with ASC 842 for leased items.
- Review, document, and report on office rental and equipment lease transactions based on ASC 842 - Accounting for Leases.
- Analyze lease agreements to determine appropriate accounting treatment, including classification as finance or operating leases based on specified terms.
- Prepare and support journal entries as necessary.
- Conduct monthly account reconciliations by resolving discrepancies and providing necessary documentation for final balances.
- Maintain effective communication and relationships with External Auditors and Finance Leaders.
- Compile quarterly and annual disclosure reports related to the fixed and leased asset portfolio for governmental entities.
- Generate ad-hoc financial reports as requested by management.
- Interpret lease agreements and establish leases in accordance with Generally Accepted Accounting Principles (GAAP).
- Bachelor's degree in accounting from an accredited institution; MBA and/or CPA preferred.
- Minimum of 3 years of experience in accounting for construction, capital projects, leases, and fixed assets.
- Proficient understanding of lease accounting principles and practices in compliance with GAAP.
- Experience in a nonprofit setting is advantageous, but not mandatory.
- Familiarity with audits, complex accounting, internal controls, financial systems, and financial statements.
MB
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