Senior Analyst, Global Lease Accounting & Administration
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What you'll do
- Administer the global lease portfolio, including new leases, renewals, modifications, terminations, buyouts, payment changes, entity changes and other lease events.
- Review lease agreements and supporting documentation and accurately abstract key lease terms, payment schedules, options, commencement dates, asset information and accounting attributes.
- Apply ASC 842 requirements and support lease classification, modification accounting, lease-term assessments and other lease accounting analyses; escalate complex or judgmental matters as appropriate.
- Support SEC and local statutory GAAP reporting requirements
- Execute and document lease-related internal controls, including controls over completeness, accuracy, expiring/evergreen leases, system data and reconciliations.
- Act as main liaison for internal and external audit
- Proactively monitor upcoming expirations and outstanding submissions and work with business and Finance contacts to ensure lease activity is identified and recorded timely.
- Support monthly and quarterly close activities by validating lease-system output, investigating discrepancies and coordinating with the Budapest Shared Services team and Corporate Accounting.
- Reconcile and analyze lease-system information against relevant financial and operational data and drive identified differences to resolution.
- Maintain lease documentation, process procedures, control evidence and audit support; provide training and guidance to regional and local Finance teams on global lease processes.
- Serve as a key Finance SME for the lease-system RFP and implementation, including requirements definition, vendor evaluation, data cleansing and migration, user acceptance testing and implementation.
- Support the design, testing and ongoing monitoring of interfaces between the lease platform and ERP, including the future automation of lease balance-sheet and income-statement accounting.
What they're looking for
- Bachelor's degree in Accounting, Finance, Economics or a related discipline.
- 4-7 years of relevant experience in lease accounting, controllership, lease administration, shared services or a related accounting function.
- Strong working knowledge of ASC 842
- Experience with a lease accounting or administration platform such as LeaseAccelerator, Visual Lease, Nakisa, MRI ProLease, FinQuery, Yardi or similar.
- Experience with account reconciliations, financial close processes and internal controls.
- Experience working with ERP systems and financial-system interfaces
- Strong written and verbal English communication skills.
Nice to have
- Knowledge of IFRS 16 is preferred.
- Infor LN experience is a plus but not required.
- CA, CMA, CPA-equivalent qualification or experience in a multinational public company, GCC/shared-services environment or Big Four organization is preferred.
- Experience with system implementations, data migration, UAT or finance-process transformation is preferred.
- Experience with both equipment/fleet and real-estate leases is preferred.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Greif is a global leader in performance packaging located in 40 countries. The company delivers trusted, innovative, and tailored solutions that support some of the world's most in demand and fastest-growing industries.
With a commitment to legendary customer service, operational excellence, and global sustainability, Greif packages life's essentials - and creates lasting value for its colleagues, customers, and other stakeholders.
Learn more about the company's Customized Polymer, Sustainable Fiber, Durable Metal, and Integrated Solutions at www.greif.com and follow Greif on Instagram and LinkedIn.
OUR VISION:
To Be the Advantage That Helps Our Customers Win.
OUR PURPOSE:
Creating packaging solutions for life’s essentials.
Job Requisition #:
035341 Senior Analyst, Global Lease Accounting & Administration (Open)Job Description:
The Senior Analyst, Global Lease Accounting & Administration is responsible for the day-to-day accounting, administration, controls and data integrity of Greif's global lease portfolio. The role serves as the primary day-to-day subject matter expert for the lease accounting platform and partners with Corporate Accounting, External Reporting, Shared Services and local Finance and Operations teams globally. The position will support the Lease Software and play a key role in evaluating and implementing the future lease platform, including data migration, testing, process redesign and integration with Infor LN.
Key Responsibilities
- Administer the global lease portfolio, including new leases, renewals, modifications, terminations, buyouts, payment changes, entity changes and other lease events.
- Review lease agreements and supporting documentation and accurately abstract key lease terms, payment schedules, options, commencement dates, asset information and accounting attributes.
- Apply ASC 842 requirements and support lease classification, modification accounting, lease-term assessments and other lease accounting analyses; escalate complex or judgmental matters as appropriate.
- Support SEC and local statutory GAAP reporting requirements
- Execute and document lease-related internal controls, including controls over completeness, accuracy, expiring/evergreen leases, system data and reconciliations.
- Act as main liaison for internal and external audit
- Proactively monitor upcoming expirations and outstanding submissions and work with business and Finance contacts to ensure lease activity is identified and recorded timely.
- Support monthly and quarterly close activities by validating lease-system output, investigating discrepancies and coordinating with the Budapest Shared Services team and Corporate Accounting.
- Reconcile and analyze lease-system information against relevant financial and operational data and drive identified differences to resolution.
- Maintain lease documentation, process procedures, control evidence and audit support; provide training and guidance to regional and local Finance teams on global lease processes.
- Serve as a key Finance SME for the lease-system RFP and implementation, including requirements definition, vendor evaluation, data cleansing and migration, user acceptance testing and implementation.
- Support the design, testing and ongoing monitoring of interfaces between the lease platform and ERP, including the future automation of lease balance-sheet and income-statement accounting.
- Identify opportunities to simplify, standardize, automate and strengthen the global lease process.
- Perform other duties as assigned.
Education and Experience
- Bachelor's degree in Accounting, Finance, Economics or a related discipline.
- 4-7 years of relevant experience in lease accounting, controllership, lease administration, shared services or a related accounting function.
- Strong working knowledge of ASC 842; knowledge of IFRS 16 is preferred.
- Experience with a lease accounting or administration platform such as LeaseAccelerator, Visual Lease, Nakisa, MRI ProLease, FinQuery, Yardi or similar.
- Experience with account reconciliations, financial close processes and internal controls.
- Experience working with ERP systems and financial-system interfaces; Infor LN experience is a plus but not required.
- Strong written and verbal English communication skills.
- CA, CMA, CPA-equivalent qualification or experience in a multinational public company, GCC/shared-services environment or Big Four organization is preferred.
Knowledge and Skills
- Ability to interpret lease contracts and translate commercial terms into lease-system and accounting requirements.
- Strong analytical, data-quality, reconciliation and problem-resolution skills with high attention to detail.
- Strong control discipline, including the ability to execute SOX controls and maintain complete audit evidence.
- Strong Excel skills and ability to work effectively with large datasets, system outputs and interface reconciliations.
- Experience with system implementations, data migration, UAT or finance-process transformation is preferred.
- Ability to work independently, manage deadlines, follow issues through resolution and escalate appropriately.
- Effective communication and collaboration skills across countries, functions and time zones.
- Experience with both equipment/fleet and real-estate leases is preferred.
Other
- Travel is not expected; however, you may occasionally be required to travel to Greif locations to support process transformation, system implementation or business-partnering activities.
- Establish a culture of pro-activity for HS&E awareness.
- Lead by example.
- Ensure you are aware of 'The Greif Way' and conduct business in accordance.
- Ensure all employees and customers are treated with dignity and respect.
At Greif, we believe that our colleagues are the center of our success. Our Total Rewards have a comprehensive focus on well-being and offer a competitive package that enables you to thrive, be engaged, and reach your full potential.
Protect Yourself From Scams: We value the integrity of our recruitment process and prioritize the well-being of our candidates. While you may find Greif job postings on various platforms, all legitimate opportunities can be verified on our official Careers page at www.greif.com. All communication from Greif regarding job opportunities will also come from an @greif.com email address. If you have concerns about the legitimacy of a job posting, receive an unsolicited job offer or suspect fraudulent activity, please contact us for verification via this link Contact Us - Greif.
EEO Statement:
We offer a competitive salary, excellent benefits and opportunity for growth. Greif is an equal opportunity employer. We will not discriminate against any applicant or employee on the basis of sex, race, religion, age, national origin, color, disability, veteran status or any other any other legally protected characteristic.
For more information read Greif’s Equal Opportunity Policy.
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