Lease Accountant
Posted 2 weeks ago
Reporting to the Finance Manager (Fixed Assets, Leases & Property), theLease Accountantwill take ownership of lease accounting and reporting, including ensuring that control accounts are reviewed regularly and all items in query are resolved.
The Financial Accounts team performs a pivotal role within this large business, overseeing fixed assets, leases/IFRS16 accounting, property related transactions, intercompany, balance sheet reconciliations, Group reporting, audit and financial statements, below the line transactions, accounting for M&A and providing advice and guidance on accounting matters as required.
Key Accountabilities
- Carry out all steps required for month end lease processing and reporting
- Ensure that ALAE (lease accounting system) is complete and correct
- Prepare any manual journals required for missed ALAE transactions, to be posted into SAP
- Prepare IFRS16 HFM file for Group reporting
- Review all lease controls accounts monthly with preparers and ensure they are resolving any query items in a timely manner
- Identify new leases, modifications or disposals to be processed on ALAE and ensure change log is updated
- Ensure all lease related queries in the team mailbox are answered within agreed timeframes
- Assist with audit requests and statutory reporting for IFRS16
- Review the P&L for any short term/low value leases and assess correct treatment
- Oversight and co-ordination of all property work undertaken on behalf of the business division – review of working papers/control accounts and ensuring productive meetings take place regularly with the sector finance team
- Approval of fixed asset creation/transfers where required and asset creation using Winshuttle
- Review of ONS surveys and carbon footprint reporting ahead of submission
- Maintain process notes for all business-as-usual work to enable cross training, cover and support within the team
- Cross train other team members and support with training and development of more junior colleagues
Candidate Requirements: Key Skills, Knowledge & Experience
- Part-qualified Accountant (CIMA/ACCA/ACA) [at least 3 years completed/4 or fewer exams remaining] and minimum of three years in a finance role.
- Must be willing to commit to actively studying and qualifying in a reasonable time frame
- Intermediate to Advanced Excel skills (complex formulae, pivot tables etc)
- Good organisational and presentational skills
- Flexible and adaptable in this busy, evolving environment
- Experience of balance sheet reconciliations
- Experience of month end (accruals, prepayments, variance analysis etc)
- Experience of ERP software, SAP preferred
- Continuous improvement mindset to question current processes
- Understanding of reporting standard and experience working with IFRS16 accounting
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