Manager, Lease Accounting

$110.7k - $138.4k

Full-time

EVgo

About EVgo
EVgo (Nasdaq: EVGO) is one of the nation’s largest public fast charging networks for electric vehicles. Our mission is to build a sustainable business that powers our transportation and protects our planet. As a leader in clean transportation, EVgo sits at the intersection of technology, infrastructure, and innovation.
We are rapidly expanding our national footprint through strategic partnerships with retailers, automakers, rideshare and, fleets, bringing fast charging to communities across the country. EVgo enables drivers of all makes and models to charge where they want, when they want.
At EVgo, sustainability is not just what we do; it is who we are. We are committed to reducing carbon emissions, advancing clean energy solutions, and building infrastructure that supports a more sustainable future. We believe great companies are built by great people. Our culture is mission driven, customer centric, collaborative, and innovative, with a strong focus on creating an environment where employees can grow and make a lasting positive impact. Join us as we charge forward.
Position Summary
The Manager, Lease Accounting leads EVgo's end-to-end lease accounting function, owning the monthly close cycle for the full lease portfolio, maintaining compliance with ASC 842, and serving as the primary accounting authority on lease classification, portfolio modifications, and policy development. This role manages lease transactions through CoStar, coordinates closely with the Lease Administration, FP&A, and SEC Reporting teams, and ensures that lease accounting processes meet EVgo's internal control requirements under SOX 404. The Manager, Lease Accounting drives continuous improvement in lease accounting workflows and supports the development of staff.
Responsibilities
Lease Portfolio Management & Close
Own the monthly, quarterly, and annual financial close process for EVgo's full lease portfolio, ensuring all entries are prepared, reviewed, and posted accurately and on time.
Assess and record new leases, lease amendments, renewals, extensions, and terminations within CoStar in accordance with ASC 842, ensuring proper classification as operating or finance leases.
Review and approve lease amortization schedules, right-of-use asset and liability balances, and period-end GL reconciliations, including reconciliation of lease accounts to CoStar and clearing accounts.
Responsible for outgoing rent and site host submeter payments, includes reviewing for accuracy and approving.
Identify contract variations and embedded lease provisions that may trigger accounting adjustments under ASC 842; document accounting conclusions in technical memos for significant transactions.
Assess lease portfolios for impairment triggers and perform or coordinate appropriate impairment analyses, documenting conclusions in accordance with applicable accounting guidance.
Assess and account for asset retirement obligations (ARO) related to contractual site restoration requirements upon lease expiration or termination.
Provide balance sheet account movements and supporting analysis to the FP&A team to support cash flow reporting and budget-to-actual variance analysis of lease expense.
Policy, Controls & Compliance
Own the development and ongoing maintenance of EVgo's lease accounting policies; evaluate contracts for embedded lease provisions and consult with the SEC Reporting and Technical Accounting team on complex arrangements.
Maintain and update process documentation and SOX 404 controls for the lease accounting function; evaluate existing controls for design effectiveness and drive improvements where gaps are identified.
Ensure lease transactions are recorded consistently, accurately, and within established company policy; resolve discrepancies and outstanding reconciling items on a timely basis.
Collaborate with the SEC Reporting and Technical Accounting team to prepare quarterly and annual lease footnote disclosures for Form 10-Q and 10-K filings.
Provide complete and organized support documentation for internal and external audit requests related to lease accounting.
Cross-Functional Coordination
Partner with the Lease Administration team to set up and maintain lease projects in CoStar, ensuring alignment between lease administration records and accounting entries.
Proactively engage with business partners to identify significant leases in the pipeline and material changes to existing leases that require accounting review and timely setup.
Coordinate with the FP&A team to analytically review monthly lease expense and assess actuals against budget, providing accounting insight on significant variances.
Support ongoing financial system implementation and enhancement efforts related to lease accounting, including testing of new CoStar functionality and ERP integrations.
Process Improvement & Team Development
Identify opportunities to improve efficiency in lease accounting processes, including automation of recurring activities and better utilization of existing system functionality.
Develop a consistent, documented cadence for recurring monthly close activities within the lease accounting function.
Supervise and develop the Senior Accountant supporting the lease accounting function; provide coaching, quality review, and development feedback on a regular basis.
Perform other duties and special projects as assigned to support team and organizational objectives.
People Management Responsibilities
Supervise the Accountants assigned to the lease accounting function; provide clear direction on close tasks, quality expectations, and priorities.
Conduct regular performance check-ins and deliver timely, constructive feedback; identify development needs and support growth opportunities aligned with the employee's career goals.
Create a positive, accountable work environment where the team member understands expectations and feels supported in meeting them.
Onboard and orient new team members to lease accounting processes, systems, and EVgo's internal control requirements.
Qualifications
Typically, 8+ years of progressive accounting experience, including at least 3 years of dedicated lease accounting experience, or equivalent work experience.
Desired Skills
Bachelor's degree in Accounting, Finance, or a related field.
CPA license or active candidacy strongly preferred.
Experience in a public company environment with direct exposure to SEC reporting and external audit support for lease disclosures.
Prior experience supervising or developing accounting staff.
Familiarity with lease accounting process automation and financial system integration projects.
Equivalent education or training in accounting, finance, or a related field (e.g., professional certification, advanced coursework in lease accounting or financial close processes, or demonstrated on-the-job learning) accepted in lieu of a formal degree.
Expert working knowledge of ASC 842, including lease classification, initial and subsequent measurement, modification accounting, and impairment assessment.
Experience managing a lease portfolio end-to-end using a lease accounting system (CoStar strongly preferred).
Strong knowledge of US GAAP and SOX 404 internal control requirements applicable to lease accounting.
Proficiency in ERP systems (NetSuite preferred) and advanced Microsoft Excel skills.
Demonstrated ability to prepare and review technical accounting memos documenting lease-related positions.
Strong written and verbal communication skills; ability to coordinate effectively with Lease Administration, FP&A, SEC Reporting, and external auditors.
Occasional travel may be required for team or cross-functional meetings.
Benefits And Perks
Health & Wellness: Medical, dental, and vision coverage, plus mental wellbeing support and wellness programs
Financial Benefits: 401(k), Health Savings Account (HSA) and Flexible Spending Accounts (FSA) for medical and dependent care, life and disability insurance
Work-Life Support: Uncapped paid time off, enhanced parental leave, and Employee Assistance Program (EAP)
Care Navigation & Support: Access to Health Advocate services for help with claims, provider searches, and care decisions
Flexible Care Options: Telehealth services for convenient, low-cost access to care
Growth & Development: Mentorship programs and opportunities for career growth and internal mobility
Additional Perks: Monthly Tech Stipend, one-time home office setup reimbursement, Volunteer time off, commuter benefits, and employee focused programs
Additional Information
Actual salary may vary depending on job-related factors, including knowledge, skills, experience, and location. In addition to a competitive base salary, we offer discretionary target cash bonuses, restricted stock units (subject to Board Approval), and a comprehensive benefits package including health, life, and disability insurance, unbounded paid time off including parental leave, and a 401(k). 
To find out more, or to join the EVgo network, visit Connect with EVgo on LinkedIn and follow us on X. At EVgo, we are committed to creating an equitable and inclusive workplace where everyone feels welcome. We are an equal opportunity employer providing equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, protected veteran status, disability status, or any other legally protected basis, including arrest and conviction records, in accordance with applicable law. Learn more about Cultivating Connection at EVgo. EVgo is also committed to providing reasonable accommodation to individuals with disabilities. Apply today to join our team and help make a meaningful impact in the fight against climate change. By submitting this form, you acknowledge you are sharing your personal information with EVgo. By proceeding, you consent to EVgo's Privacy Policy and Privacy Notice for California Residents. Find all details regarding personal information we collect, how we use that information, how we share that information, and your rights and choices in our here.
The Pay Range For This Role Is
110,700 - 138,400 USD per year(US)

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Vacancy posted 7 days ago

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