Manager, Lease Accounting

INSPYR Solutions; Dallas (TX); Hybrid; USD 95,000 - 105,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) with company match

Paid vacation and holidays

Job summary

A leading technology solutions provider in Dallas is seeking a Leasing Accounting Manager to oversee lease accounting under ASC 842 for over 1,200 leases. The role involves managing teams, ensuring compliance, and improving accounting processes. Candidates should have extensive experience in lease accounting and strong leadership skills. This position offers a competitive salary range of $95K - $105K and hybrid work arrangements.

Qualifications

• 5+ years of experience in commercial lease accounting or lease administration.
• Proven expertise in ASC 842 lease accounting.
• Experience working with lease accounting systems & ERP platforms.

Responsibilities

• Serve as the company's ASC842 subject matter expert.
• Manage the full lease lifecycle for over 1,200 leases.
• Supervise and develop a team of accountants.

Skills

ASC 842 lease accounting

Leadership

Communication

Excel proficiency

Lease administration

Education

CPA preferred

Tools

Oracle

Job description

Title: Leasing Accounting Manager Location: Dallas, TX - Hybrid Duration: Direct Hire Salary: $95K - $105K
Work Requirements: US Citizen, GC Holders or Authorized to Work in the U.S.

Job Summary: The Manager, Lease Accounting is responsible for the overall accounting for leases in accordance with the FASB's Accounting Standard Codification Topic 842 ( "ASC842 "). Managing the lease life accounting cycle of a portfolio spanning more than 1,200 leases partnering with numerous landlords and the ability to interpret complex lease terms across diverse agreements. Jointly directs, supervises, and reviews the work of an offshore lease accounting team and one onshore team member. The role reports directly to the Senior Manager, Property Accounting.

What You'll Do

• Serve as the company's ASC842 subject matter expert, overseeing lease classification,
• measurement, remeasurement, and disclosure
• Manage the full lease lifecycle - New/Renewals/Modifications/MTM/Terminations with oversight of more than 1,200 leases across multiple states
• Supervise and develop the team - One US based Sr Accountant and seven offshore team members (work US hours)
• Analyze and interpret lease agreements/amendments that includes base rent, percentage rent, breakpoint provisions, CAM reconciliations (expense CAPS/CPI adjustments), tenant improvement allowances and landlord reimbursements
• Overall responsibility for timely payment of rent and related amounts due to landlords and researching landlord inquiries
• Ensure accurate and timely lease-related journal entries within the lease system and Oracle
• Direct monthly lease accounting processes that include rent billings, sales reporting, ASC842 calculations, variance reporting and landlord financial statement deliverables
• Overall responsibility for timely and accurate lease-related balance sheet reconciliations, including lease rollforwards and the reconciliation of lease accounting tool information to the General Ledger
• Support the financial reporting team in the preparation of quarterly and annual lease footnote disclosures in the consolidated financial statements
• Oversee preparation of SOX documentation and support external and internal audits
• Manage a consistently high volume of landlord communications each week; success in this role requires exceptional organization and follow-up discipline
• Contribute to annual budgeting and reforecasting providing lease-related drivers and analysis
• Lead efforts to improve lease accounting processes and system efficiencies

What You Bring to the Team

• Industry background in restaurant, retail, real estate, or hospitality
• Experience working within public company environments
• Proven expertise in ASC 842 lease accounting
• Knowledge of SOX compliance and internal control requirements
• 5+ years of experience in commercial lease accounting or lease administration
• Interpretation of complex legal lease provisions from multiple landlord agreements
• Leadership experience managing both onshore and offshore teams
• Proficiency in Excel and experience working with large volumes of lease data
• Experience with lease accounting systems & ERP platforms (Oracle is a plus)
• CPA preferred, but not required with strong technical lease accounting experience
• Strong written and verbal communications skills and strong interpersonal skills

Benefits that support you: Competitive package with medical, dental, and vision coverage; life insurance; paid vacation and holidays; 401(k) with company match; Employee Assistance Program with counseling, financial, legal, and life resources; and Best You EDU, offering education programs and tuition reimbursement.

About INSPYR Solutions Technology is our focus and quality is our commitment. As a national expert in delivering flexible technology and talent solutions, we strategically align industry and technical expertise with our clients' business objectives and cultural needs.

INSPYR Solutions provides Equal Employment Opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, INSPYR Solutions complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.