Title: Specialist, Lease Accounting
Albany, NY, US, 12203 Tallahassee, FL, US, 32303
Job Title: Specialist, Lease Accounting
Job Code: 37611
Job Location: Remote Opportunity
Job Schedule: 9/80: Employees work 9 out of every 14 days – totaling 80 hours worked – and have every other Friday off
Job Description:
We are seeking an experienced Lease Accountant to manage and support the company’s lease accounting processes in compliance with applicable accounting standards, including ASC 842 and/or IFRS 16. This role is responsible for the accurate recording, reconciliation, reporting, and analysis of lease-related transactions across the organization. The ideal candidate will have strong technical accounting knowledge, excellent analytical skills, and experience with lease accounting systems, ERP platforms, automation tools, and end-to-end accounting processes.
Essential Functions:
- Manage the end-to-end lease accounting process for a portfolio of real estate and/or equipment leases.
- Review lease agreements and abstracts to determine proper accounting treatment under ASC 842 and/or IFRS 16.
- Prepare and record monthly, quarterly, and annual lease accounting journal entries.
- Maintain lease schedules, amortization tables, and right-of-use asset and lease liability calculations.
- Reconcile lease-related general ledger accounts and investigate variances.
- Support month-end, quarter-end, and year-end close processes related to lease accounting.
- Ensure completeness and accuracy of lease data in the lease accounting system.
- Assist with lease modifications, reassessments, renewals, terminations, and impairments.
- Prepare 10-Q/10K SEC financial statement disclosures related to leases.
- Support internal and external audit requests by providing documentation, schedules, and explanations.
- Identify and support process improvements, including the use of automation tools to improve efficiency, accuracy, and control within accounting processes.
- Assist in strengthening internal controls over lease accounting and related financial reporting processes.
- Contribute to broader accounting operations and support cross-functional accounting activities as needed.
- Perform ad hoc analysis and reporting as requested by management.
Qualifications:
- Bachelor’s Degree and minimum 4 years of prior relevant experience. Graduate Degree and a minimum of 2 years of prior related experience. In lieu of a degree, minimum of 8 years of prior related experience.
- 3+ years of accounting experience, with significant experience in lease accounting.
Preferred Additional Skills:
- Strong knowledge of ASC 842 and/or IFRS 16.
- Experience with general ledger accounting, reconciliations, journal entries, and financial reporting.
- Experience managing accounting processes through the full accounting cycle.
- Proficiency in Microsoft Excel, including complex formulas, pivot tables, and reconciliations.
- CPA or progress toward CPA preferred.
- Experience with automation tools and process improvement initiatives within accounting or finance functions.
- Experience with additional accounting areas such as Accounts Payable, Fixed Assets, Cash Accounting, or other general accounting functions.
- Experience with ERP systems such as PeopleSoft, SAP, and/or Costpoint preferred.
- Experience with lease accounting platforms such as CoStar Real Estate Management.
- Experience in public accounting and/or large corporate accounting environments.
- Familiarity with SOX controls and compliance requirements.
- Experience working with large volumes of lease data across multiple business units or geographies.
- Experience supporting end-to-end accounting operations in a corporate environment.
In compliance with pay transparency requirements, the salary range for this role in California, Massachusetts, New Jersey, Washington, and the Greater D.C, Denver, or NYC areas is $73,000-$135,000. The salary range for this role in Colorado state, Hawaii, Illinois, Maryland, Minnesota, New York state, and Vermont is $63,500-$117,500. This is not a guarantee of compensation or salary, as final offer amount may vary based on factors including but not limited to experience and geographic location. L3Harris also offers a variety of benefits, including health and disability insurance, 401(k) match, flexible spending accounts, EAP, education assistance, parental leave, paid time off, and company-paid holidays. The specific programs and options available to an employee may vary depending on date of hire, schedule type, and the applicability of collective bargaining agreements.
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Nearest Major Market: Albany