A Lease Accountant facilitates lease payments, reviews lease transactions and serves as a liaison for addressing landowner inquires, and performs monthly recording. The job description is responsible for gathering, reviewing, and inputting project data into the software. Other major tasks are mentioned on the Lease Accountant Resume as – assisting with the set-up of all new leases and validation of lease data and attributes; gathering and verifying cross-functional data into the lease management tools; recording monthly lease journal entries and completing account reconciliations; initiating lease payments and ensuring it is processed completely, and preparing ad hoc reports.
Candidates with the following qualifications are normally preferred – knowledge of generally accepted accounting principles; high-level proficiency with MS Office Products; prior accounting and reconciliation experience, and experience with lease administration database systems and accounting systems. An accounting degree is commonplace among job applicants.
Summary : With a decade of comprehensive experience in lease accounting, I have successfully managed and reconciled complex lease agreements while ensuring compliance with GAAP and FASB requirements. My expertise lies in optimizing lease processes and enhancing financial reporting accuracy. I am committed to leveraging my analytical skills and attention to detail to drive efficiency and contribute to organizational success.
Managed and reconciled all equipment leases ensuring compliance with GAAP and FASB standards.
Collaborated with lessors to facilitate efficient lease fulfillment and resolution of discrepancies.
Coordinated the timely return of equipment upon lease expiration, maintaining accurate records.
Requested and analyzed buyout information at the conclusion of lease agreements to optimize asset management.
Prepared detailed lease analysis reports comparing capital versus operating leases in accordance with industry standards.
Regularly updated quarterly process documentation to enhance accuracy and compliance.
Transferred purchased equipment to fixed assets team, aligning with approved capital expenditure requests.
Experience
10+ Years
Level
Senior
Education
B.S. Accounting
Lease Accountant Resume
Headline : Bringing over 7 years of specialized experience in lease accounting, I excel in managing and reconciling lease agreements while ensuring adherence to GAAP and FASB standards. My proficiency in streamlining lease processes and enhancing financial accuracy has consistently driven organizational growth. I am eager to apply my strong analytical skills and meticulous attention to detail to further contribute to financial excellence.
Oversaw lease management for multiple regions, ensuring compliance with corporate policies and procedures.
Reconciled financial discrepancies by collecting and analyzing account information related to lease transactions.
Provided guidance to accounting staff, facilitating training and answering questions regarding lease accounting practices.
Audited financial documents to substantiate lease transactions and ensure accuracy.
Developed and recommended accounting policies to enhance internal controls.
Reconciled accounts receivable subsidiary ledgers to the general ledger, ensuring accurate financial reporting.
Utilized advanced Excel functions, including PivotTables, to analyze lease data efficiently.
Experience
5-7 Years
Level
Management
Education
B.S. Accounting
Lease Accountant Resume
Objective : Dynamic Lease Accountant with 5 years of experience in lease management and financial reporting. Proficient in analyzing complex lease agreements and ensuring compliance with GAAP and FASB standards. I excel in improving lease processes, enhancing accuracy, and driving operational efficiency. My commitment to precision and strategic insights contributes significantly to financial success and organizational growth.
Managed lease accounting functions, ensuring accurate financial reporting and compliance with relevant standards.
Created a comprehensive lease reconciliation database to improve accuracy and efficiency.
Conducted variance analysis on lease collections, reporting findings to senior management.
Supervised a team of 10 employees, enhancing productivity and workflow.
Coordinated the collection of lease fees from over 400 real estate boards across the U.S.
Calculated and reported Multi-Listing Service Boards loan payoff amounts to facilitate product upgrades.
Reviewed and approved lease agreements, ensuring all terms were accurately reflected in financial systems.
Experience
2-5 Years
Level
Junior
Education
B.S. Accounting
Lease Accountant Resume
Objective : An accomplished Lease Accountant with five years of dedicated experience in managing diverse lease portfolios and ensuring compliance with GAAP and FASB standards. My background includes optimizing lease transactions, performing detailed financial analysis, and enhancing reporting accuracy. I am focused on delivering actionable insights and fostering efficiency to support organizational financial objectives.
Managed tenant profiles and accurately entered lease data into the MRI database for streamlined tracking.
Calculated monthly charges for new tenants and prepared corresponding invoices.
Conducted monthly overage rent calculations, ensuring timely adjustments and accurate billing.
Provided support to tenants regarding account inquiries and invoice clarifications.
Developed recovery profiles for new tenants in the lease management database.
Prepared detailed year-end invoices and documentation for recoverable items.
Collaborated with cross-functional teams to improve lease management processes and reporting accuracy.
Experience
2-5 Years
Level
Executive
Education
B.S. Accounting
Lease Accountant Resume
Summary : Results-driven Lease Accountant skilled in lease administration and financial analysis, successfully reducing discrepancies by 30% through meticulous audits and implementing streamlined processes for lease accounting.
Ensured precise reporting of expenses across the top 12 US markets, generating cash requirements reports for base payments and percentage of revenue payments.
Established new lease agreements and accruals in Quattro, adhering to lease terms for timely payments.
Executed modifications related to ownership changes, renegotiations, payment adjustments, and takedowns promptly to meet service level agreements.
Analyzed contract details to guarantee timely and accurate payments to lessors.
Updated lease modifications, including addendums and agreements, to maintain accurate records.
Conducted audits of existing lease agreements to ensure payment accuracy, identifying and rectifying discrepancies.
Collaborated with teams to enhance lease accounting processes and improve overall efficiency.
Experience
10+ Years
Level
Senior
Education
B.S. Accounting
Lease Accountant Resume
Headline : A detail-oriented Lease Accountant with 7 years of experience in managing and reconciling complex lease agreements. I possess a strong understanding of GAAP and FASB standards, ensuring compliance while optimizing financial reporting processes. My analytical prowess and commitment to accuracy have consistently improved operational efficiency and enhanced financial outcomes for organizations. I am eager to bring my expertise in lease management to foster further growth and success.
Skills : Financial Planning, Communication Skills, Team Collaboration, Regulatory Knowledge
Description :
Assisted in the preparation and analysis of property capital budgeting and forecasting across a portfolio of 37 outlet centers.
Played a key role in the month-end and year-end closing process, ensuring timely and accurate financial statements.
Provided financial support to external partners, including banks and vendors, to facilitate smooth operations.
Liaised with multiple departments such as Accounts Payable, Marketing, and Human Resources to ensure cohesive inter-departmental collaboration.
Communicated effectively with lenders regarding loan requirements and escrow draw requests.
Developed user-friendly budget templates for General Managers, enhancing financial planning capabilities.
Conducted detailed variance analysis to identify discrepancies and recommend corrective actions.
Experience
5-7 Years
Level
Executive
Education
B.S. Accounting
Lease Accountant Resume
Objective : Possessing five years of specialized expertise in lease accounting, I adeptly manage lease agreements and ensure strict compliance with GAAP and FASB regulations. My analytical capabilities and focus on detail have enabled me to streamline lease processes and bolster the accuracy of financial reporting. I am passionate about harnessing my skills to drive financial integrity and support organizational objectives.
Skills : Microsoft Excel, SAP Financial Management, Oracle Financial Services, MAS 90 Accounting Software, AS400 Financial Systems
Description :
Analyzed and approved landlord billings for over 200 retail locations, ensuring compliance with lease provisions.
Conducted detailed audits of landlord charges against lease agreements, identifying discrepancies and recommending adjustments.
Collaborated with senior management to develop strategies for optimizing lease management processes.
Provided guidance to the training department on best practices in lease accounting.
Facilitated external audits by preparing necessary documentation and resolving queries efficiently.
Executed compliance audits of operational practices, presenting findings and actionable recommendations to management.
Performed quality assurance reviews of financial documents to ensure adherence to accounting standards.
Experience
2-5 Years
Level
Junior
Education
B.S. in Accounting
Lease Accountant Resume
Objective : Proficient Lease Accountant with expertise in financial modeling and reporting, recognized for improving lease tracking systems that increased operational efficiency and reduced reporting time by 25%.
Conducted thorough reviews and reconciliations of lease agreements to ensure compliance with accounting standards.
Assisted in the monthly preparation of ASC 842 lease entries, enhancing reporting accuracy.
Collaborated with the property management team to verify the completeness and accuracy of the lease portfolio.
Developed and maintained internal controls for lease accounting processes, improving efficiency.
Acted as a subject matter expert on ASC 842, providing guidance to team members.
Demonstrated ability to thrive in high-pressure, deadline-driven environments.
Prepared detailed variance reports to support financial decision-making.
Experience
2-5 Years
Level
Executive
Education
B.S. Accounting
Lease Accountant Resume
Objective : Leveraging five years of specialized lease accounting experience, I excel in managing and reconciling complex lease agreements while ensuring strict compliance with GAAP and FASB standards. My proven ability to optimize lease processes and enhance financial reporting accuracy has consistently contributed to improved operational efficiency. I am dedicated to driving financial integrity and supporting organizational objectives with my analytical skills and meticulous attention to detail.
Managed the review and approval of lease agreements and amendments while ensuring compliance with GAAP and FASB standards.
Prepared detailed account reconciliations for lease transactions and monthly financial statements.
Executed accurate and timely processing of ACH debits and credits related to lease obligations.
Coordinated with cross-functional teams to gather necessary documentation for lease audits.
Analyzed complex lease agreements to identify key financial obligations and reporting requirements.
Supported month-end closing activities, ensuring completeness and accuracy of lease-related entries.
Developed and maintained lease payment schedules, optimizing cash flow management.
Experience
2-5 Years
Level
Executive
Education
B.S. Accounting
Lease Accountant Resume
Summary : A seasoned Lease Accountant with 10 years of extensive experience in the management and reconciliation of complex lease agreements. My background encompasses a thorough understanding of GAAP and FASB regulations, coupled with a strong ability to enhance financial reporting accuracy. I am driven to implement innovative lease accounting processes that promote operational efficiency and support strategic financial goals.
Skills : Microsoft Excel, Lease Administration, Data Management, Policy Development, Financial Analysis
Description :
Executed daily, monthly, and annual accounting operations to accurately document lease revenues for financial reporting.
Tracked and managed monthly and annual sales reports for tenants, ensuring timely and accurate data collection.
Reconciled and billed tenants for annual Real Estate Tax and Common Area Maintenance for a portfolio of 23 shopping centers, covering over 3 million square feet.
Reviewed and verified lease abstracts and documentation for accuracy and compliance.
Served as the primary liaison between the organization and legal counsel in matters related to evictions and other legal issues.
Prepared detailed balance sheets, account reconciliations, and financial analyses using the Yardi system.
Generated tenant invoices based on lease agreements, including minimum and percentage rents.
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