Lease Accounting Manager

Job Description

Job Description

Title: Lease Accounting Manager

Location:   Scottsdale, Arizona

 

Description :

 

The Lease Accounting Manager must be a CPA with an  in-depth knowledge of the Accounting for Leases under ASC 842.    The Lease Accounting Manager, must have exceptional Project Management skills as they will be responsible for working with Lease Administration and Corporate Accounting to create and implement process improvements and efficiencies for the Lease Accounting Department.    The Lease Accountant Manager will take ownership of various work streams and will be responsible for the documentation of such processes.    You will be responsible  for  understanding Tririga (Lease Administration and Accounting Software and will be working with the Corporate Accounting Team to implement best practices surrounding the accounting for leases.  

The individual must be highly motivated and be able to work alone, guide Lease Administration while reporting and taking direction from Accounting in NY/NJ.    The ideal candidate is a natural leader that takes pride in their  workstyle and brings forth positivity to the workplace and exceeds goals in a fast-paced, deadline driven environment.    He/she will also be guiding lease administration with any lease accounting related questions.

 

The candidate must demonstrate proficiency in excel and must be an expert in  VLOOKUP’s , sum-ifs and pivot tables.

This role offers diversity in that along with the Accounting for Leases there is a component of the role that will be responsible and working with Lease Administration to create new processes and ensure the current processes are working properly and efficiently.   

 

  Responsibilities:

 

• 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    

 

Requirements:

 

• 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

 

Reporting to Sr Accounting Manager :

 

• 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

 

NO residential leasing experience. Those are not transferable skills.

 

UPDATED NOTES: ( will consider candidates with accounting experience on the following )

 

·        Long Term Sales Contracts

·        Revenue Contracts

·        Rental Agreements *For commercial property real estate/investment. Companies like CBRE, JLL, etc. (I’m not sure if these companies have offices in Phoenix but any similar company would be relevant)