Financial Lease Accountant

4 days ago

Cochin, Kerala, India beBeeAnalytical Full time ₹ 10,20,000 - ₹ 15,58,000
Lease Accounting Specialist

About this role:

This is a key position in our organization that supports the technical and operational lease accounting function to ensure complete and accurate financial close, internal, and external reporting, and the end-to-end lease cycle.

Key responsibilities include maintaining proper accounting and documentation of all activity in accordance with U.S. GAAP and compliance with internal and external audits.

Additional tasks include reviewing lease classification testing, collaborating with senior staff on a regular basis, and completing month-end close processes including subledger work in CoStar, general ledger entries, and internal and external financial reporting deliverables.

The ideal candidate will have strong analytical skills and be able to analyze legal documents and determine lease classification in accordance with U.S. GAAP ASC 842.

Responsibilities:
  • Shared service / centralized lease accounting close and reporting process, ensuring compliance with U.S. GAAP, internal controls and company policy and procedures for the accurate and timely payment / billing of leases.
  • Support end-to-end lease accounting process by maintaining proper accounting and documentation of all activity in accordance with U.S. GAAP and in compliance with internal and external audits.
  • Perform analysis of legal documents and determine lease classification in accordance with U.S. GAAP ASC 842.
  • Review lease classification testing in accordance with U.S. GAAP ASC 842.
  • Collaborate with senior staff on a regular basis.
  • Complete month-end close processes including subledger work in CoStar, general ledger entries, and internal and external financial reporting deliverables, including reconciliations, roll forwards, footnotes, and controls.
  • Collaborate with cross-functional departments to ensure accurate accounting and reporting of lease transactions.
  • Assist with ad-hoc projects and technical research to help analyze or support Company decisions.

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