Lease Accountant

Compeer Financial; Lakeville (MN); On-site; USD 52,000 - 74,000; Full time

Benefits offered by this job

Hybrid work model

401k with company match

Medical insurance

Dental insurance

Vision insurance

Life & AD&D insurance

Disability insurance

Wellness program & EAP

Paid time off

Job summary

Compeer Financial is seeking a qualified Lease Accountant to support internal and external clients by ensuring accurate lease accounting entries and timely processing of payments. The role emphasizes collaboration with sales, credit, and document teams while maintaining high data quality across systems.

The hybrid position offers flexible scheduling, state-of-the-art accounting practices, and opportunities for professional growth within a cooperative financial services environment in Minnesota.

Qualifications

• Bachelor’s degree in accounting, finance or related field; or equivalent.
• Minimum of 3 years related work experience required, preferably in the financial services industry.
• Solid knowledge of accounting principles.
• Understanding of lease accounting, impact of transactions as well as impact to the financials and the organization overall.
• Strong, proven interpersonal communication, client service and team skills.
• A high degree of accuracy, strong attention to detail, strong analytical skills, ability to meet deadlines, and ability to work independently required.
• Ability to problem solve and make decisions.
• Skill in developing and maintaining interpersonal relationships.
• Intermediate computer skills including MS Office applications (Word, Excel, Access, Outlook, etc.) and other related accounting software applications.

Responsibilities

• Lease Accounting: Analyzes and creates accounting system entries using appropriate procedures and accounting principles for basic to moderate transactions.
• Books new leases and assists in client account maintenance.
• Reconciles general ledger to core lease application and other lease accounting programs to ensure transactional accuracy.
• Processes payments to the application and administers ACH setup and maintenance.
• Collaborates with lease sales, credit and document team in setting up new programs to function within the accounting systems.
• Monitors data quality on a regular basis to ensure data accuracy.

Skills

Lease accounting

Accounting principles

MS Office

Interpersonal skills

Attention to detail

Analytical skills

Independent work

Education

Bachelor's degree in accounting or finance

Tools

MS Office suite

Job description

Empowered to live. Inspired to work.
Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.

How we support you:

• Hybrid model – up to 50% work from home
• Flexible schedules including ample flexibility in the summer months
• Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
• Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
• Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
• Learning and development programs
• Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
• Professional membership/certification reimbursement and more!

Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs.

This position offers a hybrid work option up to 50% remote and is based out of the Mankato, MN or Lakeville, MN office.

The contributions you will make:

This position serves Compeer Financials’ internal and external clients by providing accounting services to new and existing leases, by analyzing requests and creating accounting system entries using appropriate procedures and accounting principles. Ensures a high degree of accuracy and exceptional service. Serves as a knowledge and technical resource to other team members with regard to accounting processes in assigned area

A typical day:

• Lease Accounting
  • Analyzes and creates accounting system entries using the appropriate procedures and accounting principles for basic to
    moderate transactions:
  • Books new leases and assists in client account maintenance.
  • Assists with transactions, maintenance and research for non-ease Fleet acquisitions.
  • Lessee accounting for Compeer lease obligations.
  • Ensures accurate and timely lease invoice generation.
  • Assists in lease accounting issue resolution.
  • Assists with setting up servicing, monitoring and maintenance of specialty programs.
  • Calculates, monitors and conducts maintenance for payoffs.
  • Creates daily general ledger entries.
  • Reconciles general ledger to core lease application and other lease accounting programs to ensure transactional accuracy.
  • Monitors and resolves exception and unposted items.
  • Processes specialized RAU (Risk Asset Unit) lease servicing requests.
  • Collaborates with lease sales, credit and document team in setting up new programs to function within the accounting systems.
  • Process payments to the application.
  • Works with AgriBank/SunStream to solve lease lockbox payment exceptions.
  • Administers ACH setup and maintenance.
  • Administers month-end and other system jobs utilizing the core lease application and working with outside vendors.
• Financial Operations Support
  • Provides technical support for Compeer Financial team members and/or vendors regarding issues with assigned accounting function (lease or GL clearing account transactions), in accordance with department and organizational policies and procedures.
  • Works closely with team members to ensure issues are resolved in an accurate and timely manner to minimize potential client concerns.
  • Communicates and responds to AgriBank/SunStream regarding transactions and system requests, via email or portal.
• Reporting and Monitoring
  • Monitors data quality on a regular basis to ensure data accuracy.
  • Researches and resolves data quality issues as they arise.
  • Assists the data team with mapping lease data from Odessa lease tables to the DDB/DSS/Data Warehouse as needed.
  • Creates various spreadsheets and tools for data input and calculations and processes, when necessary.
  • Monitors leases to ensure payments and disbursements are applied accurately.
• Department Support
  • Verifies transaction entries to ensure accuracy in the accounting system databases.
  • Prepares information to be shared on the Compeer Financial Intranet site as needed.
  • Looks for and recommend process improvement and efficiencies within the department and Compeer Financial.
  • Documents department policies, procedures and processes.

The skills and experience we prefer you have:

• Bachelor’s degree in accounting, finance or related field; or equivalent.
• Minimum of 3 years related work experience required, preferably in the financial services industry.
• Solid knowledge of accounting principles.
• Understanding of lease accounting, impact of transactions as well as impact to the financials and the organization overall.
• Strong, proven interpersonal communication, client service and team skills.
• A high degree of accuracy, strong attention to detail, strong analytical skills, ability to meet deadlines, and ability to work independently required.
• Ability to problem solve and make decisions.
• Skill in developing and maintaining interpersonal relationships.
• Intermediate computer skills including MS Office applications (Word, Excel, Access, Outlook, etc.) and other related accounting software applications.
• Ability to work independently and collaboratively with other teams to achieve goals and represent the business.
• Valid driver’s license.

#IND200

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.

Base Pay

$52,100 - $73,900 USD

Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.

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