Lease Accounting Professional

2 days ago

Hyderabad, Telangana, India Inspire Brands Hyderabad Support Center Full time

About Inspire Brands:

The Inspire Brands Hyderabad Support Center is a technology hub that leads innovation and product development for the organization and its portfolio of distinct brands.

The company is disrupting the restaurant industry through digital transformation and operational efficiencies. Its technology hub focuses on developing new capabilities in data science, data analytics, eCommerce, automation, cloud computing, and information security to accelerate business strategy.

The Senior Accountant, Lease Accounting role plays a crucial part in ensuring complete and accurate financial close, internal, and external reporting, and the end-to-end lease cycle.

This position will ensure the execution and documentation of the lease accounting policy (in accordance with US GAAP ASC 842) along with appropriate governance, controls, and segregation of duties.

As a key team player, this role partners with other functional teams to create efficiency, automation, and standardization over the end-to-end process.

Responsibilities:

  • Prepare monthly base/fixed rent payments and billings for all brands via Costar.
  • Prepare variable rent calculation reports, submit to Lease Management for approval and process payments via Costar.
  • Prepare miscellaneous charges for payment/billing on a weekly/bi-weekly basis via Costar.
  • Support lease accounting process by maintaining proper accounting of activity in accordance with GAAP and in compliance with internal and external audits.
  • Liaise with other departments within the organization to ensure lease transactions are properly accounted.
  • Complete month-end close processes including subledger work in CoStar, general ledger adjustment and accrual entries, and internal financial reporting deliverables, including roll forwards, footnotes, and controls.
  • Prepare and/or review month-end journal entries and perform reconciliations and analysis of assigned accounts.
  • Perform ad-hoc projects to help analyze or support Company decisions.

Experience and Qualifications:

  • Bachelor's degree in accounting required
  • Chartered Accountant preferred
  • Minimum 5 years of public accounting or large multinational company accounting experience (property accounting preferred)
  • Experience with general ledger accounting systems (Oracle Cloud preferred)
  • Proficient understanding of US GAAP-based financial accounting (ASC 842, Lease Accounting, experience preferred)

Required Skills and Qualifications:

  • Flexible and self-motivated individual with strong initiative and work ethic
  • Business-minded accountant who can work through complex technical accounting issues while balancing and managing details as needed
  • Ability to work in a dynamic, fast-paced, and fast-growing company
  • Ability to develop effective work plans and meet assigned deadlines
  • Team player who works with a sense of urgency and ownership to meet deadlines and make progress on multiple brands, projects, and workstreams simultaneously
  • Excellent communication skills and customer service orientation
  • Proficient in MS Excel (e.g., pivot tables, X-lookups, etc.) and Word
  • Oracle knowledge is a plus

Salary: $80,000 - $110,000 per year, depending on experience

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