Lease Accounting Specialist

2 weeks ago


Denver, Colorado, United States Creative Financial Staffing Full time

Exciting Opportunity for a Lease Accountant

Are you an experienced Lease Accountant looking to elevate your career? Our client, a forward-thinking organization in the software industry, is in search of a dedicated Lease Accountant to enhance their growing team. This position offers a fantastic chance to demonstrate your accounting skills in a vibrant and fast-paced setting.

Key Responsibilities of the Lease Accountant:

In this role, you will be tasked with:

  • Lease/Data Entry: Accurately input each lease into an Excel spreadsheet for system integration, ensuring each asset from a contract is distinctly recorded as individual line items in the ERP.
  • Lease Accounting: Manage lease accounting functions, making necessary adjustments to represent lease trailers as separate assets.
  • Fixed Asset Management: Conduct thorough reconciliations and ensure proper capitalization of fixed assets.
  • Intercompany Transactions: Oversee the efficient transfer of journal entries between entities, ensuring precise billing for maintenance and leases.
  • Accounts Payable Reconciliation: Verify accurate billing against vendors; reconcile cash entries with accounts payable expense accounts; ensure all expenses are correctly recorded and reconciled.
  • Month-End Close: Perform detailed analytics and record journal entries for all leases processed during the month, ensuring all income statement bookings are accurate.
  • GAAP Compliance: Utilize your extensive knowledge of GAAP to effectively manage prepaids and accruals.
  • Excel Proficiency: Employ advanced Excel techniques to manage and analyze large datasets efficiently.
  • Attention to Detail: Maintain accuracy in managing accruals and lease accounting during periods of significant growth.
  • Collaboration: Work across various entities, expertly managing intercompany transactions while collaborating with managers and team members to gather accurate information.

Essential Qualifications for the Lease Accountant:

Required Skills:

  • Advanced Excel Skills: Expertise in VLOOKUP and XLOOKUP for complex data management.
  • Strong GAAP Knowledge: In-depth understanding of Generally Accepted Accounting Principles.
  • Reconciliation Skills: Proven track record in reconciliations and journal entry oversight.
  • Experience with ASC842: Knowledge of lease accounting under ASC842 standards.
  • Fixed Asset Accounting: Significant experience in preparing entries for fixed assets, including amortization and depreciation schedules.

Preferred Qualifications:

  • NetSuite Knowledge: Familiarity with NetSuite accounting software.
  • Degree in Accounting or Finance: Preferred but not mandatory.
  • Industry Background: Experience in logistics or start-up environments is a plus.

Why This Lease Accountant Role is Attractive:

  • Innovative Environment: Become part of a creative team focused on growth and success.
  • Engaging Challenges: Tackle rewarding accounting challenges that make a real difference.
  • Career Advancement: Opportunities for professional growth and development.
  • Competitive Salary: Enjoy a competitive salary along with a comprehensive benefits package.

Are You Ready to Excel as a Lease Accountant?

If you are excited to apply your expertise in fixed asset accounting within a dynamic organization, this is your chance to make a meaningful contribution.



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