Senior Accountant - 842 Lease Accountant

Job Title:   Senior Accountant – 842 Lease Accountant 

Date Created/Revised:   January 2025

Department:    Accounting

Division:    Corporate

Reports To:    Accounting Manager

Position Summary:

The 842 Lease Accountant facilitates lease payments, performs monthly recording and reviewing of lease transactions, and serves as a liaison for addressing leasing inquiries between our business development and our hospital partners. This role will be responsible for helping with our implementation of our new lease accounting and management software, building out the related processes and controls, as well as gathering, reviewing, and inputting and maintaining all the related data. 

In addition, the 842 Lease Accountant will maintain our fixed assets, intangibles and property taxes. 

Primary Responsibilities:            

• Set-up and evaluate the accounting   impact of new and/or modified lease contracts in accordance with ASC 842.
• Gather, verify and input   cross-functional data into the lease management tool.
• Own the month end close process for   lease accounting, including recording monthly lease journal entries and   preparing reconciliations.
• Responsible for documentation of the   Company’s assessment of leases treatment in accordance with GAAP.
• Perform monthly and annual close   responsibilities including active participation in monthly variance analysis.
• Work closely with the AP team to   reconcile and initiate lease payments, ensuring they are processed   completely, accurately, and timely.
• Prepare ad hoc reports as needed to   support routine reviews, accounting, and financial reporting needs.
• Ensure proper accounting for all fixed assets including capitalizations, transfers, disposals, depreciation and impairment. 
• Coordinate with Operations   and Development teams on fixed assets for opening and closing stores.
•  Complete fixed asset   rollforwards and reconciliations.
• Work with our third-party provider   and AP to ensure that our property taxes are paid accurately and timely, and   that related journal entries and reconciliations are completed.
• Ensure that all processes and   procedures are documented and updated.
• Cross train on other Accounting projects and responsibilities as   assigned.

Qualifications: 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience:

· ASC 842 experience required

· Requires 3-5 years’ experience in accounting

· Experience with Netsuite or similar ERP system and Mi9 preferred

· Proficient in MS Word and Excel including pivot tables and VLOOKUP functions

· Must be detailed-oriented, a team-player, professional and ethical

· Must have a proactive approach and strong organizational skills

· Excellent time management and interpersonal skills

Certifications or Licenses:

CPA / CPA Candidate not required

Leadership/Supervisory Responsibilities: 

Lead the fixed assets and leasing cycles and interact heavily with other departments, including business development and store operations. 

Other Skills & Abilities:

Strong verbal and written communication skills and the ability to effectively work with both internal and external customers

Work Environment and Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

· The employee is regularly required to talk or hear. 

· The employee is required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. 

· The employee is required to sit; climb or balance; and stoop, kneel, crouch, or crawl. 

· The employee must frequently lift and/or move up to 25 pounds and occasionally lift and/or move up to 40 pounds. 

· Specific vision abilities required by this job include close vision; distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.