Process Lead - Lease Accounting
1 month ago
Job Brief: This role will be responsible for ensuring the correct US GAAP and IFRS accounting treatment for all lease agreements (real estate, op.....
Job Brief:
This role will be responsible for ensuring the correct US GAAP and IFRS accounting treatment for all lease agreements (real estate, operating and finance). This role will support the business for forecasts, budgets and analysis relating to leases. They will also be responsible for ensuring that we maximise the potential from our existing underlying systems (Oracle, CoStar and BlackLine) and consistently evolve to embrace new technology. In addition, the role will be responsible for ensuring all processes are in adherence to AECOM policy and procedures and compliant with relevant SOX narratives and controls. This role will report into the ‘Manager, Lease Accounting - GBS’.
Responsibilities & Duties
Lease Management, Technical Accounting and Financial Reporting
Ensure close process, month end review and flux analysis for leases is completed on a timely basis.
Preparation of complex and approval of standard monthly reconciliations and journal entries to ensure the completeness and accuracy of the financial statements.
Assist in preparation of lease reporting to Corporate on a monthly and quarterly basis.
Maintenance of abstracted lease records within CoStar, global leasing system.
Assist in classification testing for new and modified lease contracts.
Assist in quarterly review of leases for impairment triggers, analysis and perform required entries.
Preparation of complex and approval of standard other real estate related cost entries (e.g. service charges, utilities, business rates, dilapidations).
Assist in preparation of lease disclosures for 10K/10Q.
Assist in preparation of statutory accounts disclosures for multiple legal entities.
Auditing and Compliance Monitoring
Liaise with internal and external auditors and ensure compliance with relevant local regulatory requirements.
Ensure compliance with lease related SOX narratives and control documentation.
Participate in self-testing program to proactively identify and remediate control gaps before audits.
Continuous Improvement
Identify and implement changes that generate efficiencies and foster a culture of continuous improvement.
Ensure existing systems (Oracle, CoStar, BlackLine) are optimised and identify new technology opportunities.
Deliver on internal KPI’s and customer focused SLA’s to deliver a best in class leases accounting service
Qualifications & Requirements
Minimum Requirements:
CPA or equivalent professional accounting qualification.
Minimum 5 years of accounting and finance experience, with at least 3 years of Leases experience and 2 years in a global organisation.
Strong technical accounting knowledge with focus on US GAAP and IFRS for leases.
Experience in operational compliance in shared services.
Strong communication (English language), and stakeholder management skills.
Attributes:
Ability to obtain information and identify key issues and relationships relevant to achieving a long-term goal or vision (Strategic Decision Making)
Ability to understand various business scenarios and make sound decisions by combining relevant factors to arrive at the best outcome (Business Acumen)
Ability to drive to create experiences and opportunities that will lead to innovation. Ability to guide and influence other to navigate change. (Leading Change)
Ability to gather, integrate, validate, and analyze relevant data to develop resolutions, findings, and recommendations. (Analytical Thinking)
Ability to maintain a high level of collaboration among multiple internal and external stakeholders to effectively arrive at solutions and develop initiatives. (Collaboration)
Ability to effectively communicate and collaborate with various internal and external customers globally. Ability to use tact and discretion in delivering critical and sensitive information to peers, stakeholders, and direct reports. (Communication)
Ability to actively identify new areas for learning and opportunities to improve processes, tools, and mindset (Continuous improvement)
Ability to maintain good customer relationship and initiate ways to improve customer experience (Customer service)
Ability to clearly define objectives and set targets for the team that are consistent with and compliant to service delivery agreements, key performance indicators, and policies. (Planning and Organizing)
Ability to identify and resolve varied and complex issues by applying best practices and technical expertise and ability to recommend solutions for recurring and unique scenarios. (Problem Solving)
Ability to monitor and measure progress and effectively drive individual and team results that supports the overall goal of the team. (Results Oriented)
