Lease Accountant

Marc Daniels; Greater London; Hybrid; GBP 40,000 - 70,000; Full time

Job description

We have a fantastic opportunity for an experienced Lease Accountant to join a well-established, fast-paced, and growing organisation based near Heathrow. This role is an immediate start offering a 3-6 month contract initially, a hybrid working pattern is on offer along with a competitive day rate.

Responsibilities:

1. Assist the Finance Manager to deliver the short-term leases project.
2. Analyse opex spend across vehicle and plant spend to determine and apply correct accounting treatment, in line with IFRS16.
3. Prepare and present an analytical review following initial findings to explain the impact on the group financial statements both P&L & Balance Sheet.
4. Implement findings process lease addition schedules, correctly calculating the present value of future cash flows.
5. Restate P&L position ensuring lease payments are reconciled and transferred to the balance sheet. Prepare monthly cash reconciliation, ensuring integrity of balance sheet with accurate backing schedules.
6. Stakeholder Engagement: Regular and clear communications with all stakeholders to ensure all data collection needs are met accurately and in a timely way.
7. Business Partnering: Ensure all stakeholders are kept up to date on progress and understand current & future process to ensure ongoing adherence to policy.
8. Ensure consistency of approach & processes are followed and documented to withstand year-end audit scrutiny, prepare audit restatement schedules where required.
9. Forecasting & Budgeting: Assess the future impact of the project on depreciation projections, lease liability balances and ROU asset, ensuring key stakeholders are kept abreast of changes.

Requirements:

1. Qualified or Part Qualified Accountant (ACA, ACCA or CIMA).
2. Sound practical knowledge of IFRS 16 implementation.
3. Proven analytical approach for reporting and presentation purposes.
4. Previous experience of delivering a project to tight timescales in a large scale organisation.
5. Strong system skills including advanced Excel and Power BI.

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