Fund Accountant

Associate Manager - Lease Accounting

Job Title

Associate Manager - Lease Accounting

Job Description Summary

Responsible to work with the Portfolio Administration region leads and account teams where C&W provides Lease Accounting services. Portfolio Administration group provides data management and financial management services for a variety of accounts, helping to ensure quality and consistency across the platform. The position will oversee ongoing account management for ASC 842 and IFRS 16 related functions, provide monthly reporting, and organize client special projects.

Job Description

Job Description

            Ongoing Services Management:

• Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Conducts intermediate financial analysis.
• Review Real Estate, Equipment, Fiber, and Embedded leases for ASC 842 and/or IFRS 16 recognition
• Create Operating and Finance amortization schedules for Balance Sheet recognition and manage ongoing qualifying modifications
• Oversee month-end close, timely reporting, preparing and reviewing journal entries, assisting with year-end audits and various other special/ad hoc requests
• Provide QC on client amortization schedules in accordance with ASC 842/IFRS 16 guidelines and client-specific policy elections
• Generate and review quarterly and annual disclosure reporting for accuracy prior to sending to the client.
• Provide quarterly reconciliations on ASC 842/IFRS 16 footnotes to assist in 10-Q and 10-K filings
• Apply the financial policies and procedures of the company and/or client and bring inconsistencies and problems to the attention of management
• Attend cross functional team meetings and recording/integrating decisions into documentation
• Process documentation/ mapping and assist with creating policies and procedures specifically tailored to clients’ needs.  Train and enforce these procedures across the Portfolio Administration service platform
• Provide strategic oversight to improve the service delivery model for each client
• Train and assist portfolio administration managers with support needed on client reporting and other deliverables with colleagues who may not be proficient at accounting.
• Ensure compliance with internal policies and procedures such as SOC1, AR, AP, etc.
• Attend client calls or meetings to discuss the overall service delivery and platform initiatives
• Prepare special reports, or other property management items, as required
• Provide mentoring to new team members, business stakeholders when required
• Act as subject matter expert on both software and service processes
• Perform special projects as assigned

 

 

 

INCO: “Cushman & Wakefield”

Experience Level

Mid Level