Lease Accountant

Marc Daniels; Greater London; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking an experienced Lease Accountant to join their dynamic team near Heathrow. This role offers an immediate start with a flexible hybrid working pattern and a competitive day rate. You will play a crucial role in delivering a short-term leases project, analyzing operational expenditures, and ensuring compliance with IFRS 16. Your expertise will contribute to the accuracy of financial statements and stakeholder engagement, making this an exciting opportunity for a qualified accountant looking to make a significant impact in a fast-paced environment.

Qualifications

• Qualified or part qualified accountant with experience in IFRS 16.
• Proven analytical approach and project delivery in large organizations.

Responsibilities

• Assist in delivering short-term leases project and analyze opex spend.
• Prepare analytical reviews and ensure compliance with IFRS 16.

Skills

Analytical Skills

Project Management

Stakeholder Engagement

Business Partnering

Education

Qualified Accountant (ACA, ACCA or CIMA)

Part Qualified Accountant

Tools

Advanced Excel

Power BI

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:

• Assist the Finance Manager to deliver the short-term leases project.
• Analyse opex spend across vehicle and plant spend to determine and apply correct accounting treatment, in line with IFRS16.
• Prepare and present an analytical review following initial findings to explain the impact on the group financial statements both P&L & Balance Sheet.
• Implement findings process lease addition schedules, correctly calculating the present value of future cash flows.
• 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.
• Stakeholder Engagement: Regular and clear communications with all stakeholders to ensure all data collection needs are met accurately and in a timely way.
• Business Partnering: Ensure all stakeholders are kept up to date on progress and understand current & future processes to ensure ongoing adherence to policy.
• Ensure consistency of approach & processes are followed and documented to withstand year-end audit scrutiny, prepare audit restatement schedules where required.
• 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:

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