Lease Accounting-US based MNC-Hyderabad
4 days ago
Role & responsibilities
Responsibilities:
• Oversee lease administration; manage all key lease dates; communicate all lease obligations internally; manage correspondence with landlord.
• Coordinate with Legal, Finance, and Real Estate teams to manage existing portfolio needs review lease extensions, renewal options and rent reductions, modify and extend tenant termination options, and amend agreements for additional tenant allowance.
• After lease execution, actively manage and coordinate with the Finance department to ensure all necessary documents and payments (security deposit, prepaid rent, etc.) are sent to and received by the landlord and sent to the respective internal parties.
• Prepare the creation of company fixed assets in the accounting system.
• Creation/ Dispersal/Transfer of fixed assets in books of account.
• Ensure the assets are properly depreciating according to GAAP guidelines.
• Preparation of monthly journal entries
• Fixed Assets Reconciliations (FA Clearing & SL-GL)
• Identifying balancing items and its clearance
• Internal and External Audit
• SOX Compliance and adherence to internal control.
Preferred candidate profile
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