Accounting Business Partner

6 days ago

Miami, Florida, United States Ryder System Full time
Job Summary

The Accounting Business Partner is a key role within the Ryder System, responsible for the accurate and timely accounting of operating and finance leases as lessee and lessor. This position requires strong analytical skills, attention to detail, and the ability to work independently and as part of a team.

Key Responsibilities
  • Gather and analyze data on new equipment and real estate leases, preparing classification tests as lessee and ensuring accurate accounting records.
  • Set up and maintain right of use asset and lease liability schedules in CoStar accounting software for operating and finance leases as lessee.
  • Prepare and submit monthly lease payment requests to lessors, providing backup documentation as required.
  • For secured revenue earning equipment financings, prepare semiannual payment requests, including payment of early terminated vehicles (sales or casualties), and provide backup to lessors/banks.
  • Work with IT, Treasury, and Vehicle Administration to finalize pool of vehicles and values, gather backup documentation needed by lenders, ensure funding on a timely basis, and reconcile to received funds.
  • Evaluate embedded leases in GPS (Teletrac & Peoplenet) subscriptions, identifying those requiring finance lease accounting, updating database, booking finance lease additions as lessee, and reconciling detail reports to GL.
  • Prepare buy-out analysis for senior management review and approval, submitting notifications to lessors/banks, and coordinating physical payments and recording of pay-offs for expiring revenue earning equipment and secured financings.
  • For existing operating and finance leases as lessee, post monthly entries to book rent expense, interest, and depreciation expenses out of CoStar, prepare monthly roll-forward reports, quarterly maturity schedules, and monthly account reconciliations.
  • As lessor, monitor sales-type system and adjusting entries posted to GL, researching and confirming accuracy of unusual transactions, including gain or loss on sales-type leases, write-down to FMV on early terminations, and recording of modifications.
  • Reconcile related balance sheet accounts to detail reports and prepare related quarterly and annual disclosures.
  • Backup Senior Lease Accountant and financing analyst on selected tasks.
  • Participate in special projects, such as accounting for leases in business combinations, and prepare reports and analysis as requested.
Requirements
  • Bachelor's degree in Business or Accounting, with a Master's degree preferred.
  • Four years or more of Public Accounting experience.
  • Two years or more of Supervisory experience preferred.
  • Certified Public Accountant preferred.
Benefits

Ryder offers comprehensive health and welfare benefits, including medical, prescription, dental, vision, life insurance, and disability insurance options, as well as paid time off for vacation, illness, bereavement, family, and parental leave, and a tax-advantaged 401(k) retirement savings plan.

Ryder is proud to be an Equal Opportunity Employer and Drug-Free workplace.

All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with a disability.

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