Job Posting:
Manager, Lease Accounting
The Manager, Lease Accounting provides, directs and manages all global accounting activities related to the recording of lease activities in the general ledger. This will be an important, centralized role which will drive global leadership and process improvements for the company’s leasing activities.
The role is primarily focused on the general ledger duties and includes, but is not limited to, managing the CoStar lease accounting application and SAP S4 systems, journal entry review and approval, audit inquiries, and backup to other core accounting functions, as assigned. This position will have one direct report and will liaise with both accounting and facilities management personnel. This individual may be required to provide input to or participate in various projects and will perform other duties as requested.
Key Responsibilities
- Responsible for the direction, management, accuracy and completeness of all lease accounting activities on the general ledger
- Account for the monthly lease accounting close processes and related reconciliations, reporting and tracking
- Build strong relationships and work cross-functionally with other finance functions to ensure a smooth and timely monthly close
- Adhere to system of controls and procedures to ensure the proper recording and maintenance of all lease administration activities on the general ledger
- Prepare and provide recommendations on opportunities to improve processes and changes to company policies and procedures, as necessary
- Manage all lease transactions including recording, changing, or updating asset records in a timely manner and in accordance with GAAP
- Work with the retail and corporate real estate teams, as well as other project managers, to ensure lease activity is identified and placed in service on a timely basis
- Investigate and participate in testing for the potential impairment of leases
- Manage the CoStar application and maintain lease accounting compliance with ASC 842 standards
- Review, interpret, input, and analyze information on leases, amendments, and other legal documents
- Respond to audit inquiries in a timely manner
- Other duties as assigned
Skills For Success
- Ability to handle multiple tasks in dynamic environment
- Advanced level of Excel skills, advanced PC skills and systems knowledge
- Strong communication (oral and written)
- Excellent organizational skills
- Excellent leadership and relationship building skills, able to build trust with stakeholders
- Strong analytical and problem-solving skills
- Ability to work well independently and with others
- Integrity
- Ability to be flexible with extended work hours as necessary
- Positive attitude
Experience/Education
- 10+ years accounting experience
- CPA preferred
- Bachelor’s Degree in Accounting or Finance
- CoStar lease application experience preferred
Leadership Competencies Expected for this Role:
Evolving Leader
Global Agility – Leads diverse teams, adapts amidst ambiguity
Purposeful Integrity – Leads with values, earns team’s trust, handles conflicts ethically
Strategic Foresight – Connects teamwork to business strategy
Customer Centric Innovation – Leads improvements rooted in customer needs
Urgency for Impact – Drive priorities forward with pace and purpose
Bold Accountability – Set high standards and model responsibility
Empowered Collaboration – Builds inclusive teams, collaborates across functions
