Senior Accountant, Leases & Fixed Assests This position will manage all day-to-day activities, oversee tracking of purchase orders for capital projects and leases, manage the fiscal aspects of the life cycle of long-term fixed assets and leases, ensure regulatory compliance, enforce financial controls, and assist in financial audits.
For leased items, the AM will calculate the Right of Use and Lease Liabilities, Discount Rates, and payments under ASC 842.
Review, report and record office rent and equipment lease activity based on ASC 842 - Accounting for Leases.
Analyze and Interpret lease terms for proper accounting treatment, including lease classification (finance vs operating lease) based set lease terms
Prepare and provide support for journal entries
Complete monthly account reconciliation by clearing variances and adding appropriate support for ending balances
Communicate and maintain strong working relationships with External Auditors and Finance Leaders
Prepare quarterly and annual disclosure information related to the fixed and leased asset portfolio for federal and local governmental units
Prepare ad-hoc reports as requested by management
Interpret lease language and set-up leases according to Generally Accepted Accounting Principles (GAAP)
Requirements:
Bachelor's degree in accounting from an accredited university; MBA and/or CPA strongly preferred
3+ years of experience in accounting for construction and capital projects, leases and fixed assets.
Understanding and ability to implement and manage lease accounting concepts and practices in accordance with GAAP
Experience in nonprofit environment preferred, but not required
Experience with audits, understanding of complex accounting, internal controls, financial systems, financials statements and processes