Senior Lease Accountant

Thompson Marine; Birmingham, Northern (AL, KY); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Thompson Tractor in Birmingham, AL, seeks a Senior Lease Accountant to manage accounting, reporting, and lifecycle tracking of rental assets under synthetic lease structures with banks and lessors. You will ensure accurate financial reporting, maintain internal controls, and support audits.

The role requires 5+ years in lease and fixed asset accounting, strong ASC 842 knowledge, and experience with asset financing transactions.

Qualifications

• Bachelor’s degree in Accounting or higher is required.
• 5+ years of accounting experience with lease accounting, fixed asset accounting, and equipment/rental‑intensive industries.
• Extensive knowledge of synthetic leases and structured financing arrangements.
• Strong ASC 842 knowledge and depreciation methodologies.
• Experience with asset‑based lending or equipment financing and lease tracking systems.

Responsibilities

• Gather, validate, and organize asset‑level data to support financing transactions.
• Coordinate with internal stakeholders and institutions to place assets into synthetic lease structures.
• Review lease agreements for proper accounting and compliance.
• Support initial lease setup and onboarding into accounting systems.
• Track assets under synthetic leases: identification, terms, schedules, residuals, buyouts.

Skills

Attention to detail

Excel

Reconciliation

Communication

Independent work

Analytical thinking

Education

Bachelor's degree in Accounting

Tools

Microsoft Dynamics AX 2012/D365

UKG UltiPro

Targit

Microsoft SharePoint

Job description

The Senior Lease Accountant is responsible for managing the accounting, reporting, and lifecycle tracking of rental equipment assets subject to synthetic lease structures. This role requires deep expertise in lease accounting, asset management, and financing arrangements, particularly for equipment placed under synthetic lease agreements with financial institutions. The position plays a key role in supporting asset financing transactions, ensuring accurate financial reporting, and maintaining compliance with applicable accounting standards and internal policies.

• Gather, validate, and organize detailed asset-level data to support financing transactions with banks and lessors
• Coordinate with internal stakeholders and external financial institutions to place rental assets into synthetic lease structures
• Review and interpret lease agreements to ensure proper accounting treatment and compliance
• Support initial lease setup, documentation, and onboarding into accounting systems
• Maintain detailed tracking of all assets under synthetic lease arrangements, including asset identification and classification, lease terms and payment schedules, residual values and buyout provisions
• Monitor lease activity including additions, modifications, and terminations
• Reconcile lease schedules to the general ledger on a recurring basis
• Track the full lifecycle of rental equipment under lease from acquisition through disposition
• Manage and account for lease payoffs, early terminations, and residual buybacks and purchase options
• Ensure proper accounting treatment for asset transfers between rental fleet, lease‑financed assets, and owned assets
• Perform profitability analysis on rental fleet
• Calculate and record depreciation for capitalized assets, including those tied to lease structures
• Analyze and maintain residual value assumptions and asset valuations
• Prepare supporting schedules for financial reporting, audits, and lender reporting
• Assist with monthly, quarterly, and annual close processes related to rental assets and leases
• Support internal and external audits by providing documentation and analysis
• Identify and implement process improvements related to lease tracking and asset accounting
• Maintain strong internal controls over asset records and lease obligations
• Handle special projects and other tasks assigned by management

Qualifications

Education

• Bachelor’s degree or higher in Accounting is required

Experience

• 5+ years of accounting experience with demonstrated experience in lease accounting, fixed asset accounting, and equipment or rental‑intensive industries
• Extensive knowledge of synthetic leases and structured financing arrangements
• Strong understanding of ASC 842 lease accounting and fixed asset and depreciation methodologies
• Experience managing or supporting asset‑based lending or equipment financing and lease tracking systems
• Advanced Excel skills, strong reconciliation ability, and documentation discipline
• Experience with ERP systems (Microsoft AX 2012/D365)

Skills and Competencies

• Excellent attention to detail and organizational skills
• Ability to manage multiple priorities and meet deadlines
• Strong communication and interpersonal skills
• Analytical mindset with problem‑solving abilities
• Positive attitude, trustworthiness, and ability to work independently

Job Training

• Microsoft Dynamics AX 2012/D365
• UKG (UltiPro)
• Targit
• Microsoft SharePoint

Safety Summary

Working Conditions

• Work is normally performed in an office environment and some filing is required.
• Some work must be performed in the shop environment with limited exposure to physical risk.
• No or very limited physical effort is required for this position.

Physical Requirements

• Sitting for prolonged periods of time
• Reaching, Kneeling, Standing, Grasping, Stooping
• Lifting up to 75 lbs.
• Tripping, slipping, falling
• Repetitive hand motion (computer work)
• Back and neck strain
• Potential harm from operating office equipment

Thompson Tractor is an Equal Opportunity Employer including Veterans and Individuals with Disabilities.

Qualifications

Education

Required

Bachelors or better in Accounting.

Experience

Required

5+ years of accounting experience with demonstrated experience in lease accounting, fixed asset accounting, and equipment or rental‑intensive industries

Extensive knowledge of synthetic leases and structured financing arrangements

Strong understanding of ASC 842 lease accounting and fixed asset and depreciation methodologies

Experience managing or supporting asset‑based lending or equipment financing and lease tracking systems

Advanced Excel skills, strong reconciliation ability, and documentation discipline

Experience with ERP systems (Microsoft AX 2012/D365)

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.