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RecruitHook · 5 days ago

Lease Accountant

Boca Raton, FL

Full-time

Onsite

Mid Level

RecruitHook is a growing real estate firm seeking a Lease Accountant responsible for accurate accounting, reporting, and analysis of the company’s leases under ASC 842. The role involves partnering with various departments to ensure complete lease data and timely month-end close while maintaining compliance with accounting standards.

Staffing & Recruiting

Hiring Manager

Michael Laufer, CFC

Responsibilities

Review and analyze lease agreements (real estate and equipment) to determine proper classification and treatment under ASC 842

Set up new, modified, and terminated leases in the lease accounting system and general ledger, capturing all key terms

Prepare and post recurring and ad hoc journal entries for lease activity, including right-of-use (ROU) assets, lease liabilities, straight-line rent, CAM, taxes, and other accruals

Reconcile lease-related balance sheet accounts (ROU assets, lease liabilities, prepaid/deferred rent, CAM/tax accruals) monthly and resolve variances

Assist with monthly, quarterly, and annual close processes related to leases, including roll forwards, schedules, and supporting workpapers

Prepare lease-related disclosures and supporting schedules for financial statements and audits, ensuring compliance with US GAAP and ASC 842

Partner with real estate, legal, and operations to track new leases, amendments, renewals, terminations, and rent changes, and validate payment schedules

Coordinate with Accounts Payable to ensure timely and accurate lease payments

Provide detailed lease cost data to support budgeting and forecasting, including rent, CAM, taxes, and other occupancy-related expenses

Respond to internal and external audit requests with appropriate documentation and explanations for lease accounting positions and balances