WORLDPAC · 2 months ago
Senior Accountant, Capital Projects & Lease Transformation
Oak Brook, IL
Full-time
Onsite
Mid, Senior Level
$66K/yr - $110K/yr
4+ years expWORLDPAC is a recognized leader in the automotive aftermarket distribution industry, delivering premium products and innovative solutions across North America. As the Senior Accountant for Capital Projects & Lease Transformation, you will ensure the accuracy, completeness, and compliance of financial reporting while leading complex accounting activities related to capital projects, fixed assets, and leases.
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Responsibilities
Lead all fixed asset and lease accounting activities in accordance with ASC 360, ASC 350, and ASC 842 , including capital project tracking, capitalization, depreciation, and ROU asset management
Ensure proper capitalization of costs by applying GAAP guidance and distinguishing between capitalizable and expensed expenditures (ASC 360, ASC 720/730, ASC 350, and ASC 340-40 where applicable)
Oversee the month-end close process for capital projects, fixed assets, and leases, ensuring timely and accurate journal entries, reconciliations, and financial reporting
Manage the full lifecycle of fixed assets—capitalization, depreciation, impairments, adjustments, and disposals—in compliance with GAAP and internal policies
Maintain accurate lease accounting records, including contract review, right-of-use asset and lease liability calculations, modifications, and disclosure preparation under ASC 842
Partner with business process owners across operations, finance, and IT to ensure operational activities, project milestones, and contract data are accurately captured in asset and lease accounting systems
Recommend, develop, and implement process improvements and automation initiatives to enhance efficiency, accuracy, and scalability within the fixed asset and lease accounting functions
Prepare audit-ready schedules, documentation, and support for internal and external audits, ensuring GAAP compliance and SOX control adherence
Contribute to the development and enhancement of accounting policies, procedures, and internal controls supporting a modernized finance environment
Qualification
Required
Bachelor's degree in Accounting, Finance, Commerce, or a related field
4+ years of progressive accounting experience, including substantial exposure to capital projects, fixed asset accounting, and lease accounting
Strong working knowledge of ASC 360 (PP&E), ASC 350 (Intangibles), ASC 842 (Leases) and GAAP capitalization criteria
Proven experience with month-end close, reconciliations, and financial reporting for fixed assets and leases
Ability to determine appropriate capitalization vs. expense treatment under GAAP for various project and asset types
Excellent organizational, analytical, and problem-solving skills with the ability to interpret data, identify trends, and propose improvements
Strong communication and relationship-building skills across departments and functional areas
Proficiency in Excel, Word, Oracle Fusion, and CoStar
Experience supporting internal/external audits and SOX compliance requirements
Preferred
Familiarity with automation tools, workflow enhancements, or process improvement initiatives is a plus
Benefits
Competitive compensation
Strong benefits
Collaborative culture that rewards initiative, innovation, and continuous improvement
Company
WORLDPAC
Worldpac is a distributor of automotive parts and accessories firm that offers services for repair shops and automotive businesses. It is a sub-organization of Advance Auto Parts.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2024-08-22Acquired
Leadership Team
Eminue Eminue
Manager, DC Operations
Germaine Ward
DC Operations Manager
Recent News
2025-05-27
2025-05-27
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