Lease Accountant

Job Description

* Thorough understanding of IFRS 16* Impact of lease accounting for the business* Reviewing both commercial and retail lease agreementsLease Accountant, Permanent, Hybrid £60,000 - £65,000Following significant developments within this global complex organisation, and finalising a restructure, this marks a pivotal moment in their journey. Ensuring a stronger, more resilient future. Having secured substantial new investments that inject freshcapital into the company, enabling them to strengthen their financial position and drive the business forward. A newly created position for a Lease Accountant for 100+ sites, managing and accounting for their intricate, complex and long term leases in accordance with IFRS16. Working in partnership with their US team and occasional visits to the US. Responsibilities:* Calculate the impact of leaves on the companys balance sheet, income statement and cash flow statement in compliance with IFRS16.* Work closely with legal and operations team in the UK and US to understand and negotiate lease terms that align with financial reporting requirements* Evaluate and implement strategies to optimise lease structures and cost compliance* Implement and use specialist lease accounting software to facilitate the calculations, accounting and reporting required* Lease portfolio management, identifying and catalogue all leases across the 130 sites* Prepare and present periodic financial reports ensuring accurate and transparent information to stakeholders.* All reporting is done under USGAAP there is a need to convert the financial statements prepared under the local IFRS to comply with the USGAAP standards - this involves making adjustments to align with specific requirements of USGAAP* Responsible for reviewing both commercial and retail lease agreements - analysis of rents and payments to ensure compliance with IFRS16 and assessing if adjustments are necessary* Conducting analysis of market rates and comparing them to actualsInitially the focus is on UK, and the Lease Accountant is expected to take ownership of lease accounting for the complete UK portfolio of sites. This role can then expand into the group team and potentially cover the other properties in the portfolio in EasternEurope and Isreal, as well as encompassing the other subsidiaries.Experience:* ACA/ACCA Qualified (can be QBE)* IFRS16 knowledge a must and ideally a focus of IFRS 16 in a previous role. Must have experience in leases.* Ideally USGAAP and understanding the conversions of IFRS to USGAAP* Excellent soft skills and communication. Liaising with the property team At Trace, we are committed to fostering an inclusive and diverse workplace and believe that, in any business, it is imperative that all members of staff feel appreciated and respected in their roles.Our job is simply to find the best candidate on the market, regardless of their age, race, religion, disability, gender identity, sexual orientation, or any other factor irrelevant to their qualifications and competencies