Lease Accountant

eClerx; Muntinlupa; On-site; PHP 600,000 - 900,000; Full time

Job summary

eClerx LLC in the Philippines is seeking a detail-oriented Lease Accountant to manage lease accounting activities in accordance with US GAAP ASC 842, maintain lease schedules, and ensure accurate financial reporting.

You will record lease liabilities and right-of-use assets, prepare journal entries, perform reconciliations, and support month-end and year-end close while coordinating with Legal, Procurement, Real Estate, and other departments.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 2-4 years accounting experience, preferably in lease accounting.
• Knowledge of US GAAP and ASC 842.
• Experience with journal entries, reconciliations, and close processes.
• Proficiency in Excel and ERP systems.
• Strong analytical and organizational skills.
• Attention to detail and deadline-driven.

Responsibilities

• Maintain and update lease schedules and lease accounting records.
• Review lease agreements and identify terms (start dates, payments, renewals, duration).
• Calculate and record lease liabilities and right-of-use assets per ASC 842.
• Prepare journal entries for commencements, amortization, interest, payments, and terminations.
• Perform monthly reconciliations of lease liabilities and ROU assets.
• Monitor new leases, renewals, amendments, and terminations.
• Ensure accurate lease reporting and disclosures.
• Support month-end and year-end close activities.
• Assist audits with lease schedules and documentation.
• Coordinate with Legal, Procurement, Real Estate, and other departments.
• Identify discrepancies and suggest process improvements.

Skills

Lease accounting

ASC 842

Excel

ERP systems

Analytical thinking

Attention to detail

Month-end close

Communication

Education

Bachelor's degree in Accounting

Tools

Lease accounting software

LeaseQuery

CoStar

Visual Lease

Job description

We are seeking a detail-oriented Lease Accountant to manage lease accounting activities and ensure accurate financial reporting in accordance with US GAAP, particularly ASC 842. The role is responsible for maintaining lease schedules, recording lease-related transactions, performing reconciliations, and supporting month-end and year-end closing activities.

Key Responsibilities

• Maintain and update lease schedules and lease accounting records.
• Review lease agreements and identify key terms, including lease commencement dates, payment terms, renewal options, and lease duration.
• Calculate and record lease liabilities and right-of-use (ROU) assets in accordance with ASC 842.
• Prepare journal entries for lease commencement, monthly amortization, interest expense, lease payments, modifications, and terminations.
• Perform monthly reconciliations of lease liabilities and ROU asset accounts.
• Monitor new leases, renewals, amendments, and lease terminations.
• Ensure accurate lease-related financial reporting and disclosures.
• Support month-end and year-end close activities.
• Assist with internal and external audits by providing lease schedules and supporting documentation.
• Coordinate with Legal, Procurement, Real Estate, and other departments regarding lease-related transactions.
• Identify discrepancies and recommend improvements to lease accounting processes.

Qualifications

• Bachelor's degree in Accountancy, Finance, or a related field.
• At least 2-4 years of accounting experience, preferably in lease accounting or general accounting.
• Knowledge of US GAAP and ASC 842 lease accounting standards.
• Experience with lease calculations, journal entries, and account reconciliations.
• Knowledge of financial reporting and month-end close processes.
• Proficiency in Microsoft Excel and ERP systems.
• Experience with lease accounting software is an advantage.
• Strong analytical, organizational, and problem-solving skills.
• Excellent attention to detail and ability to meet deadlines.

Preferred Qualifications

• Experience handling US-based lease portfolios.
• CPA certification is an advantage.
• Experience with lease accounting systems such as LeaseQuery, CoStar, or Visual Lease.