Lease Accountant

Location Fareham, Hampshire, United Kingdom, United Kingdom

Job Description

JOB TITLE : Lease Accountant EMEA Shared Services

DEPARTMENT: Finance Shared Services

LOCATION : Brunel Way, Segensworth (hybrid working)

WORKING HOURS : Monday to Friday 8:30-4:30

A brighter future awaits you

At CooperVision, we create brighter futures for our customers and employees alike, striving to make a difference and go further.

You'll be welcomed into a growing global business with a presence in over 40 countries. This establishes an incredible opportunity for you to get involved in international collaborations across Europe, as well as the chance to report into experienced industry leaders, furthering your expertise and creating a positive impact on both our business and your career.

What is important to us

Recruiting, retaining, and promoting a diverse mix of employees is core to our success. It helps bring different perspectives, diverse conversations, and new ideas to the table, all of which are incredibly valuable.

At CooperVision we celebrate, not only our company success, but we celebrate who we all are individually, and we embrace diversity. We support and we encourage you to bring your full self and not just part of you. We are committed to each individual and we look forward to a Brighter Future together.

What will you be doing:

You will be responsible for ensuring robust accounting and reporting processes for the CooperCompanies lease portfolio across EMEA entities and the entities managed from the UK Finance Shared Service Centre. You will act as the Subject Matter Expert for the lease accounting process for the EMEA entities and be responsible for providing guidance and advice to accountants and finance professionals based "in country". As we continue to evolve in the Shared Service Centre, continuous improvement will be a key focus of the department and this role for the Financial Reporting Function.

Essential responsibilities:

• Providing direct regional support to the Shared Service Reporting team and local markets on the leasing process, giving guidance on ASC 842 and company policy requirements to ensure consistent application and compliance.
• Supporting Corporate Headquarters with dissemination of any new requirements and EMEA Region application of lease-related system, control, or processes changes.
• Contributing to regional finance meetings with the in-market finance managers, fostering a collaborative environment and 'One team' approach.
• Reviewing lease abstraction documents, ensuring site submissions are accurate and in line with CooperCompanies policy before submission to Corporate Consolidations for processing.
• Maintenance of SOX control documentation for financial controls related to leasing (e.g. flowcharts, Management Review Control documents) and liaison with Internal and External Auditors to provide requested information.
• Guiding accounting requirements for specific lease transactions, including consulting with sites on complex lease transactions.
• Maintaining population of short-term / low-value leases outside scope of ASC 842 and monitoring lease expirations.
• Preparation of schedules to support UK GAAP statutory reporting requirements including annual Lease Commitment Schedule and reconciliation to US GAAP.
• Liaison with functional/departmental representatives from across EMEA businesses to ensure identification of all in-scope lease transactions (new, modified or terminated leases)
• Accounting review of EMEA lease contracts and preparation of lease abstractions for new or modified leases.
• Responsible for the monthly preparation, checking & distribution of EMEA Journal Entries file and EMEA BS and P&L reconciliation templates.
• Accountable for posting of monthly lease journal entries and completion of lease-related balance sheet and P&L reconciliations for entities reported from Finance Shared Service Centre.
• Ongoing reconciliation of AP Lease Clearing account and clearing erroneous AP P&L entries to ensure accounting compliance.
• Responsible for coordinating regional responses to quarterly confirmations on Asset Retirement Obligations Quarterly confirmations and managing accounting processes related to AROs for Shared Service Centre entities.
• Be the CI Champion (Continuous improvement) for the Financial Reporting function of the Finance Shared Services department. Monitoring, driving, and reporting on continuous improvement initiatives within the function.

What are we looking for?

Ideally, we will be looking for a Qualified or finalist Accountant (ACCA/ACA/CIMA)with previous experience in a multicultural, international Finance or Shared Service Centre role. Additionally, you will have:

• Detailed knowledge and application of US GAAP
• Experience of integrated ERP systems e.g. Oracle R12 (preferred), SAP
• Strong technical financial knowledge with direct, hands-on experience with US GAAP (in particular ASC 842) and Sarbanes Oxley
• Ability to understand, interpret and apply technical accounting material
• Strong track record of participation in multi-cultural, multi-linguistic operating environments, with excellent communication skills to ensure understanding of the finance activities at all levels in the organization
• Excellence in customer service and ability to build effective internal relationships.
• Demonstrated ability to analyse situations, resolve problems, identify causes and anticipate implications.
• Continuous Improvement mindset with ability to identify and implement process change.
• Strong organizational skills with the ability to plan and prioritise effectively to meet tight deadlines

CooperVision values

Our four values define and underpin our unique culture; we are dedicated, we are inventive, we are friendly, and we are partners. Becoming part of the CooperVision family means joining a friendly team that's open, flexible, and respectful of each other's differences, working together to achieve something great

What we offer

You'll receive competitive compensation and a fantastic benefits package including 25 days holiday, pension scheme, healthcare cover, life assurance, access to our Wellness Platform to support you in mental health and wellbeing, a discounted contact lens scheme and much more

If you like what you see, take the first step towards your brighter future and apply today. All suitably qualified applicants will receive equal consideration and opportunities from CooperVision.

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