Lease Accountant II

Company Overview With $5 billion in revenue and 3,800+ employees in the U.
S.
, Mexico and Canada, TBC Corporation is a leader in the mobility industry and one of North America’s largest marketers of automotive replacement tires through wholesale and franchise operations.
TBC serves wholesale customers in the United States, Canada and Mexico through TBC Brands, NTW, TBC International, and TBC de Mexico.
Additionally, TBC responds to the needs of consumers in search of total car care at more than 2,000 franchised tire and automotive service centers under the Big O Tires® and Midas®.
TBC is headquartered in Palm Beach Gardens, Florida.
TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the US, Canada, and Mexico.
TBC has 20 proprietary brands of tires specializing in passenger, commercial, farm and specialty tires.
In 2005, TBC Corp.
was purchased by Sumitomo Corporation of America (SCOA).
SCOA is the largest subsidiary of Sumitomo Corporation, one of Japan’s major integrated trading and investment business enterprises.
In 2018 Michelin, the largest tire manufacturer in Europe, invested in the company which is now a 50:50, privately held joint venture between Sumitomo and Michelin.
Description The Lease Accountant II works closely with the Senior Real Estate Lease Accountant to ensure compliance with both US GAAP ASC 842 Accounting for Leases and IASB IFRS16: Leases.
This includes consideration of any new pronouncements or interpretation of guidance as it pertains to current operations as well as the operations of any acquisitions.
This role will be a Hybrid work environment.
Job Responsibilities Together with the Senior, Manager and Director, serve as a critical role as subject matter expert for both lease accounting standards: ASC 842 and IFRS 16 as it relates to Equipment Leases Provide technical accounting research relating to major equipment events including acquisitions, financing, significant contracts and assess their accounting impact Maintain/update documentation of equipment lease accounting policies, procedures and workflow Provide technical accounting support, training as and assistance with ad-hoc projects as needed as it relates to equipment leases Document equipment lease accounting conclusions in formal memos and work with external auditors to support accounting positions Translate guidance and make recommendations on practical application of guidance to monthly accounting activity and use of CoStar to account for equipment leases Liaison with other internal and external partners to resolve equipment lease accounting tasks as needed Assist Senior with lease accounting for real estate lease responsibilities on a monthly, quarterly, annual and ad-hoc basis Assist Senior with complex accounting analysis and reconciliations (including but not limited to: Gain/Loss, Build to Suit, Reverse Build to Suit, Held for Sale, guaranteed leases, closed store reserve, lease hold interest and deferred rent) Assist Senior with assembling Real Estate Deal Approval Forms related to accounting treatment for proposed real estate transactions Assist Senior to liaison with other internal and external partners to resolve real estate lease accounting tasks as needed.
Qualifications Bachelor’s Degree or above in Accounting, MBA or CPA preferred 2-5 years of accounting experience, 1-3 years of technical GAAP & IFRS Big 4 or large regional experience preferred Strong US GAAP accounting knowledge, specifically focused on ASC 842 Strong IASB accounting knowledge, specifically focused on IFRS 16 SAP experience a plus CoStar experience a plus Ability to coordinate and manage projects, be proactive and deadline-focused Ability to work autonomously and act in a consultative role Ability to work with all levels of management and teams within the organization Ability to read, comprehend and interpret lease and lease related documentation to apply proper accounting treatment Detail-oriented with ability to multitask without sacrificing accuracy meeting all deadlines Excellent analytical, organizational, and time management skills Ability to learn new processes and systems quickly Advanced Microsoft Excel skills Self-motivated, independent critical thinker, problem-solver Excellent reconciliation and analytical skills Benefits Competitive compensation and bonus Tuition reimbursement 401k plan with a company match.
Immediate 100% vesting Company paid short term disability and employer subsidized long term disability Comprehensive benefits including medical, dental and vision And more! TBC Corporation is an Equal Opportunity Employer and maintains a Drug-Free Work Environment.
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