This job is closed
Applications are no longer available for this announcement. Explore current related opportunities below.
Job description
Job Description
The Lease Accountant is responsible for managing and accounting for all lease-related transactions, ensuring compliance with applicable accounting standards (ASC 842 / IFRS 16), and supporting accurate financial reporting and audit requirements.
Key Responsibilities:
Lease Accounting & Reporting
Review and analyze lease agreements (real estate, equipment, etc.)
Determine proper lease classification and accounting treatment
Calculate and record: Lease liabilities
Right-of-use (ROU) assets
Amortization schedules and interest expense
Journal Entries & Close Process
Prepare monthly lease-related journal entries (rent expense, amortization, interest)
Support month-end and quarter-end close activities
Ensure all lease transactions are recorded accurately and timely
Reconciliations & Controls
Reconcile lease-related GL accounts (ROU assets, lease liabilities, prepaid rent, deposits)
Maintain accurate lease subledger and supporting schedules
Ensure compliance with internal controls and SOX requirements
Lease Portfolio Management
Maintain lease database and ensure data accuracy
Track lease modifications, renewals, and terminations
Collaborate with Real Estate, Legal, Procurement, and AP teams to gather lease information
Financial Analysis & Support
Support budgeting and forecasting for lease-related expenses
Provide variance analysis and reporting insights
Compensation:
A reasonable estimate of the current range is $70,000 - 90,000 + bonus + benefits. The range displayed on each job posting reflects the minimum and maximum target salaries for the position across all US locations. Within the range, individual pay is determined by job-related skills, experience, and relevant education or training. At Novolex, it is not typical for an individual to be hired at the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case.
The benefits for this role include 401(k) plan with company match, comprehensive medical, dental, and vision insurance, flexible spending and health savings accounts, paid vacation, and sick days, paid parental leave, paid holidays and wellness program.
Worksite address
lake forest, IL, 60045, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.