Lease Accountant

Xylem • White Plains, NY • 6h ago

Xylem is a Fortune 500 global water solutions company dedicated to advancing sustainable impact and empowering the people who make water work every day. As a leading water technology company with 23,000 employees operating in over 150 countries, Xylem is at the forefront of addressing the world's most critical water challenges. We invite passionate individuals to join our team, dedicated to exceeding customer expectations through innovative and sustainable solutions.

The Role:

The Lease Accountant will gather, review and input real estate and equipment lease data into our lease accounting and management software application, as well as extract data from the system used to perform month-end journal entry processing, balance sheet reconciliations and other reviews of financial data.

Responsibilities:

Coordinate with regional finance teams globally to obtain real estate and equipment lease contracts and supporting documents

Critically review lease contracts to identify provisions with accounting impact

Analyze lease contracts and cross reference to supporting documentation for consistency and accuracy of documentation

Work with regional finance teams to timely and proactively resolve data integrity issues

Enter new real estate and equipment leases and process updates for existing leases in the lease accounting and management software (CoStar)

Prepare and analyze monthly lease validation and accounting reconciliation reports for distribution to regional finance teams

Maintain and create new Excel macros used to generate monthly journal entries and standard reports

Review data submissions from regional finance teams for completeness and accuracy and process updates in CoStar

Generate and review monthly lease accounting entries for distribution to local accounting teams

Assist in the preparation of quarterly/annual lease disclosure reports

Assist in investigating and resolving lease accounting and reporting issues

Maintain a monthly dashboard to monitor the status of regional/local team responses to various requests

Prepare ad hoc reports as needed to support routine reviews, accounting and financial reporting needs

Work with the CoStar customer service team to resolve system issues as needed

Assist with creating and maintaining procedural documentation and training materials

Apply continuous improvement mindset and recommend process improvements

Perform special projects and analyses as assigned by the Controller, Corporate and Director of Technical Accounting and Reporting

Qualifications:

Bachelor's Degree in accounting or business related field

Knowledge of generally accepted accounting principles (GAAP), lease accounting standards and internal control requirements

Microsoft Office (Excel, Word & PowerPoint), in particular strong skills in Excel with macros.

Knowledge of OneStream, Oracle and CoStar a plus

LI-JO2

Salary range:

$63,600.00 - $101,800.00

Join the global Xylem team to be a part of innovative technology solutions transforming water usage, conservation, and re-use. Our products impact public utilities, industrial sectors, residential areas, and commercial buildings, with a commitment to providing smart metering, network technologies, and advanced analytics for water, electric, and gas utilities. Partner with us in creating a world where water challenges are met with ingenuity and dedication; where we recognize the power of inclusion and belonging in driving innovation and allowing us to compete more effectively around the world.

At Xylem, you'll not only contribute to solving water issues but also have the chance to make a difference through our paid Volunteer Program, Xylem Watermark. We prioritize our employees' well-being through inclusion and belonging as well as our Employee Resource Groups (ERG). Proud to be an Equal Employment Opportunity (including disability and veterans) and Affirmative Action workplace, Xylem fosters an inclusive environment free from discrimination or harassment.

Please note that the information in this job description outlines the general nature of the position and is not an exhaustive list of duties. Xylem is dedicated to providing reasonable accommodations to enable all employees to perform their essential job functions. We reserve the right to modify this job description and assign additional duties as needed. Embrace the opportunity to be part of Xylem's transformative journey in shaping the future of water technology! #XylemCareers #GlobalImpact #WaterInnovation

Xylem

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