Senior Manager - Lease Accounting

Company: Univar
Location: Downers Grove
Posted on: May 27, 2023

Job Description:

Press Tab to Move to Skip to Content Link Location: - Downers Grove, IL, US, 60515-5560 Dublin, OH, US, 43016 Company Name: - Univar Solutions Inc. Requisition ID: - 28977 A Place Where People Matter. - Start your career journey with Univar Solutions! Here you can make an impact on the world around you and accelerate your career in areas that energize and excite you. - Senior Manager - Lease Accounting:
The Senior Manager - Lease Accounting is a key member to the Corporate Controller group and leads the global center of excellence for lease accounting and reporting. This position will be responsible for the oversight of the process to capture, assess and record new or modified leases within CoStar, the Company's global lease accounting tool. This individual will also be responsible for the oversight of the global lease process and lead continuous improvement activities for the lease center of excellence and with the external reporting and SOX teams for lease accounting and reporting. Additionally, this position will provide a broad range of accounting and finance support to the corporate and global finance and accounting teams, and other key members of the organization. This position reports to the Assistant Controller and will be responsible for building and developing a total team of three accountants (senior and staff). What You'll Do:

• Lead the Global Leasing Center of Excellence including direct oversight for USA and Canada segments, and support for EMEA and LATAM segments.
• Manage accounting components of the lease portfolio, such as extensions, amendments, or terminations, through lease administration software, and calculate intangible asset amortization and capitalized overhead.
• Facilitate period-end closings by ensuring the accurate and timely completion of all lease accounting team responsibilities. Approve journal entries, account reconciliations, and account analyses as it relates to leases, with appropriate SOX documentation and support when required.
• Ensure that lease transactions are recorded accurately, consistently and within company policy.
• Analytically review and understand monthly lease expense for Corporate, USA and Canada, working with the FP&A team to assess actuals against budget.
• Review and certify lease related balance sheet accounts on a monthly basis. Research outstanding items and determine appropriate action.
• Work with treasury in the determination of incremental borrowing rates to be used in the CoStar lease calculations.
• Provide balance sheet account movements to support cash flow reporting
• Collaborate with the Senior Manager of Accounting Policy and Research on the development and maintenance of global lease policies, as well as evaluation of contracts that may contain leases. Document accounting conclusions for significant contracts evaluated in whitepapers.
• Assess leases for impairment triggers and perform appropriate impairment tests when necessary. Document accounting conclusions in whitepapers.
• Work with external reporting and SOX teams to ensure proper internal controls are in place in the US and rolled out globally on a consistent basis.
• Develop and maintain a centralized document repository, collaboratively working with functional teams such as real estate, procurement and other significant sources of new or renewed leases to determine an effective and efficient process.
• Support annual fixed asset / lease physical inventory in with the fixed assets team
• Coordinate, as necessary, with 3rd party vendors on implementation & abstraction.
• Evaluate systematic solution to interface CoStar with general ledger and procure-to-pay process; enabling systematic reconciliations and reduction of manual work where possible.
• Ad hoc projects assigned by senior management including analysis of business operations, proposed accounting treatment of unusual transactions or other accounting and finance related matters. - Decision-Making Authority:
  • Determination as to whether contracts contain a lease.
  • Evaluation of lease contracts against Company's accounting policy.
  • Determine the proper handling of discrepancies/outstanding items on account reconciliation.
  • Continual assessment of global policy and procedures, including process improvement and process or system enhancements to increase efficiency
  • Judgment of materiality. Supervisory Responsibility:
    • Senior and staff accountants What You'll Need:
      • Bachelor degree in Accounting, CPA preferred, with maintenance of minimum CPEs
      • 5+ years accounting experience
      • Strong accounting and reporting (US GAAP) knowledge for leases
      • Strong written and verbal communication skills.
      • Ability to influence people and processes without direct responsibility.
      • Ability to prioritize, plan, organize and meet deadlines.
      • Knowledge of SAP and Blackline preferred
        - What You Can Expect: Univar Solutions is a leading, global distributor of chemicals and ingredients essential to the safety, health, and wellbeing of our daily lives from life-saving medicines and vitamins to hand sanitizers and industrial materials used for cleaning, construction, and more. Our global team of more than 10,000 employees support our vision to redefine distribution and be the most valued chemical and ingredient distributor on the planet! We offer a Total Rewards package that includes market aligned pay and incentives as well as a diverse benefits offering to support our employees' physical, emotional, and financial wellbeing . Univar Solutions supports sustainable solutions for the world around us so that we can do our part to help keep our communities healthy, fed, clean, and safe! - We are committed to a diverse workforce and a culture of inclusion. - Together, we are building a culture that acknowledges the unique experiences, perspectives and expertise of individuals and provides the development and growth opportunities to empower us to redefine our industry. - Univar Solutions is an equal opportunity employer. All qualified applicants will receive consideration for employment and will not be discriminated against based on their race, gender, sexual orientation, gender identity, religion, national origin, age, disability, veteran status, or other protected classification.

Keywords: Univar, Downers Grove , Senior Manager - Lease Accounting, Accounting, Auditing , Downers Grove, Illinois