Lease Accountant

Marc Daniels; London; Hybrid; GBP 40,000 - 70,000; Full time

Job description

We have a fantastic opportunity for an experienced Lease Accountant to join a well-established, fast paced, and growing organisation based near Heathrow. This role is an immediate start offering a 3-6 x month contract initially, a hybrid working pattern is on offer along with a competitive day rate.

Responsibilities:

• Assist the Finance Manager to deliver the short-term leases project.
• Analyse opex spend across vehicle and plant spend to determine and apply correct accounting treatment, in line with IFRS16.
• Prepare and present an analytical review following initial findings to explain the impact on the group financial statements both P&L & Balance Sheet.
• Implement findings process lease addition schedules, correctly calculating the present value of future cash flows.
• Restate P&L position ensuring lease payments are reconciled and transferred to the balance sheet. Prepare monthly cash reconciliation, ensure integrity of balance sheet with accurate backing schedules.
• Stakeholder Engagement: Regular and clear communications with all stakeholders to ensure all data collection needs are met accurately and in a timely way.
• Business Partnering: Ensure all stakeholders are kept up to date on progress and understand current & future processes to ensure ongoing adherence to policy.
• Ensure consistency of approach & processes are followed and documented to withstand year-end audit scrutiny, prepare audit restatement schedules where required.
• Forecasting & Budgeting: Assess the future impact of the project on depreciation projections, lease liability balances and ROU asset, ensuring key stakeholders are kept abreast of changes.

Requirements:

• Qualified or Part Qualified Accountant (ACA, ACCA or CIMA).
• Sound practical knowledge of IFRS 16 implementation.
• Proven analytical approach for reporting and presentation purposes.
• Previous experience of delivering a project to tight timescales in a large scale organisation.
• Strong system skills including advanced Excel and Power BI.