Senior Financial Analyst - Lease Accounting

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Job description

The client is seeking a Financial Analyst with expertise in lease accounting and strong process improvement skills to support their growing cloud lease operations.

Summary:

The client is looking for a Financial Analyst to provide technical lease accounting support, particularly with ASC 842. The candidate will play a key role in supporting cloud lease operations, managing manual processes, and working toward transitioning workflows into a more scalable solution. The ideal candidate will have experience in SAP, process improvement, cross-functional collaboration, and the ability to handle the challenges of a hyper-growth environment. Strong communication, documentation, and problem-solving skills are essential.

Key Responsibilities:

Lease Accounting Support:

Provide accounting support for cloud leases, particularly with the ASC 842 lease accounting standard.

The role involves managing a large growth in lease volume (projected growth of 20x-100x), requiring expertise in waterfall calculations and SEC disclosures.

Process Improvement:

Analyze and optimize existing operational processes related to:

Lease assessment

Manual journal entries

Account reconciliations

Waterfall calculations

SEC disclosures

Identify risks, gaps, and opportunities for enhancing lease processes and improving efficiency.

Cross-Functional Collaboration:

Collaborate with various teams, including accounting, finance, business, and the TI-lease teams, to implement process improvements.

Partner with the lease team to intake workflows into an existing vendor arrangement, managing leases at scale (expected to take 9+ months).

Documentation & Communication:

Create detailed and clear documentation for the end-to-end lease process, including controls and improvements.

Communicate accounting and operational issues effectively and in a timely manner to various stakeholders.

General Requirements:

Technical Expertise:

Strong understanding of ASC 842 lease accounting.

Ability to research and resolve accounting issues related to leases.

SAP Experience:

Experience with SAP and the manual journal entry process to support month-end close tasks.

Hyper-Growth Environment:

Experience working in a hyper-growth environment, with the flexibility and adaptability to handle rapid changes.

A strong focus on optimization and process improvement in a complex and rapidly growing environment.

Detail-Oriented and Analytical:

Highly detail-oriented with strong analytical and problem-solving skills.

A self-starter, motivated to build new processes and improve existing ones.

Notes:- All qualified applicants will receive consideration for employment without regard to race, color, religion, religious creed, sex, national origin, ancestry, age, physical or mental disability, medical condition, genetic information, military and veteran status, marital status, pregnancy, gender, gender expression, gender identity, sexual orientation, or any other characteristic protected by local law, regulation, or ordinance.

Benefits: Danta offers a compensation package to all W2 employees that are competitive in the industry. It consists of competitive pay, the option to elect healthcare insurance (Dental, Medical, Vision), Major holidays and Paid sick leave as per state law.

The rate/ Salary range is dependent on numerous factors including Qualification, Experience and Location.

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