Fixed Asset & Lease Accountant I/II/III

Job Description:

Summary

The Fixed Asset and Lease Accountant will be a part of a team responsible for the accounting and financial reporting functions of the Lifetime Healthcare Companies' fixed asset and leases, including, but not limited to, the preparation of external (U.S. generally accepted accounting principles ("GAAP") and statutory accounting principles ("SAP") and internal reporting, financial statement disclosures, regulatory and external audit support and is an integral member of the monthly, quarterly, and annual accounting close process. This role is highly collaborative with various internal departments (Finance, facilities, operations, etc.). This role understands relevant fixed asset and lease-related GAAP (i.e. FASB Accounting Standards Codification 320 and 842) and SAP (i.e. Statement of Statutory Accounting Principles No. 22) and reporting to ensure the accuracy of financial data and supports ad-hoc fixed asset and lease-related requests.

Essential Accountabilities:

Level I

• Under direct supervision, gather and analyze financial data from a variety of sources to prepare journal entries, account reconciliations, associated tax schedules and financial schedules in a manner consistent with ensuring internal and external audit compliance (i.e., appropriate documentation and support), in accordance with the applicable fixed asset and lease policies and reporting requirements.

• Records, tracks, and maintains the fixed asset register and subledger, including additions, disposals, transfers, retirements and calculating of monthly depreciation and amortization.

• Reviews and capitalizes assets in accordance with company policies.

• Supports physical asset inventories and ensure alignment with book records.

• Tracks construction in progress and support timely asset placement in service, ensuring robust supporting documentation.

• Coordinates with procurement, IT, real estate services and operations on asset and lease-related matters

• Maintains lease schedules, including right-of-use (ROU) assets and lease liabilities for GAAP, and applicable statutory treatment and initiate monthly lease payments maintaining compliance with contract terms.

• Reviews contracts to identify embedded leases and determine appropriate accounting treatment under both reporting frameworks.

• Updates lease modifications, reassessments, and renewals.

• Ensures completeness and accuracy of lease data within lease accounting systems.

• Research technical accounting and financial reporting issues, documenting the analysis of issues, including accounting positions considered and conclusions reached.

• Maintains and enhances the control environment, consistent with NAIC Model Audit Rule, by applying the internal corporate policies and procedures and external regulations.

• Keeps abreast of accounting/professional developments by attendance at seminars/workshops and professional society meetings, review of publications and as necessary, independent study.

• Provides support to projects/initiatives within Finance or the wider Enterprise.

• Establishes and maintains constructive relationships when dealing with internal and external professionals, institutions, and agencies

• Consistently demonstrates high standards of integrity by supporting the Lifetime Healthcare Companies' mission and values, adhering to the Corporate Code of Conduct, and leading to the Lifetime Way values and beliefs.

• Maintains high regard for member privacy in accordance with the corporate privacy policies and procedures.

• Regular and reliable attendance is expected and required.

• Performs other functions as assigned by management.

Level II (in addition to Level I Accountabilities)

• Under general supervision, works on more complex technical accounting and financial reporting issues, documenting the analysis of issues, including accounting positions considered and conclusions reached (i.e. sale leaseback transactions).

• Provides enhanced support to projects/initiatives within Finance or the wider Enterprise.

Level III (in addition to Level II Accountabilities)

• Works under minimal supervision, handles complex technical accounting and financial reporting issues, documenting the analysis of issues, including accounting positions considered and conclusions reached.

• Leads implementation of new accounting standards, projects/initiatives.

• Acts in a consultative capacity to management at all levels of assigned organization unit to provide professional technical expertise in the determination of suitable approaches to financial concerns.

Minimum Qualifications:

NOTE: We include multiple levels of classification differentiated by demonstrated knowledge, skills, and the ability to manage increasingly independent and/or complex assignments, broader responsibility, additional decision making, and in some cases, becoming a resource to others. In addition to using this differentiated approach to place new hires, it also provides guideposts for employee development and promotional opportunities.

All Levels

• One (1) year of related experience preferred.

• Bachelor's degree in accounting or related field. In lieu of a degree, six (6) years of experience required.

• CPA or advanced degree preferred.

• Public accounting and/or fixed asset and lease experience preferred.

• Demonstrated understanding of financial statements and GAAP. An understanding of SAP preferred.

• Knowledge of, and experience, with Workday, Lease Query and associated systems preferred.

• Ability to interpret and effectively implement/apply changes in accounting guidance.

• Ability to effectively communicate and collaborate across all levels of the organization.

• Takes initiative and promotes a continuous improvement mindset and culture.

• Ability to simultaneously handle multiple priorities.

• Ability to work independently.

• Working knowledge of Microsoft Office Suite (Excel, Word, PowerPoint).

Level II (in addition to Level I Qualifications)

• Two (2) years of related experience.

• Demonstrates understanding of fixed assets and leases and related accounting.

• Strong ability to communicate and interact with all levels of the organization.

• Ability to handle more complex priorities.

• Possesses a broader knowledge of accounting principles and subject matter.

Level III (in addition to Level II Qualifications)

• Five (5) years of related experience.

• Advanced understanding of GAAP and SAP.

• Possesses comprehensive knowledge of accounting principles and subject matter.

• Advanced, comprehensive knowledge of fixed asset and lease accounting and financial reporting.

• Strong analytical and problem-solving skills; the flexibility to work effectively in a fast-paced environment.

• Ability to work independently and handle complex, competing priorities.

Physical Requirements:

• Ability to travel across the Health Plan service region for meetings and/or trainings as needed.

• Ability to work in a home office for continuous periods of time for business continuity.

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In support of the Americans with Disabilities Act, this job description lists only those responsibilities and qualifications deemed essential to the position.

Equal Opportunity Employer

Compensation Range(s):

Grade E1: Minimum $62,400 - Maximum $84,000

Grade E3: Minimum $62,400 - Maximum $106,929

Grade E5: Minimum $71,880 - Maximum $129,384

The salary range indicated in this posting represents the minimum and maximum of the salary range for this position. Actual salary will vary depending on factors including, but not limited to, budget available, prior experience, knowledge, skill and education as they relate to the position's minimum qualifications, in addition to internal equity. The posted salary range reflects just one component of our total rewards package. Other components of the total rewards package may include participation in group health and/or dental insurance, retirement plan, wellness program, paid time away from work, and paid holidays.

Please note: There may be opportunity for remote work within all jobs posted by the CDPHP Talent Acquisition team. This decision is made on a case-by-case basis.

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