Lease Accounting Manager

Overview:

Are you ready to be part of the extraordinary future of technical education? Do you thrive in a dynamic, innovative environment where you can make a tangible impact? If so, UTI wants YOU to join our team as the Lease Accounting Manager!

The Lease Accounting Manager is responsible for the accounting of all lease transactions for the organization. This role partners with the real estate to support the organization's campus growth plans and maintains essential internal controls for compliance with Sarbanes-Oxley(SOX). They review lease agreements, calculate lease payments, maintain lease records, prepare financial statements and provide reports on lease portfolio.

What We Offer:

• Competitive salary range of $95,000-$110,000/year depending on experience

• Medical/Dental/Vision/Life Ins/Company paid STD & LTD Ins

• FREE UTI or Concorde Tuition for you AND your Immediate Family
• 401K, Paid Holidays, Paid Time Off

• Paid Parental Leave
• REMOTE work environment 

Principal Accountabilities & Deliverables

Lease Accounting and Administration

• Oversee and perform lease accounting processes
• Update and maintain lease administration and accounting systems to ensure lease information is timely and accurate
• Lead month-end, quarter-end and year-end close processes for leases
• Prepare journal entries and balance sheet reconciliations

Coordination and Communication

• Prepare and review monthly variance analysis explanations and communicate analysis with appropriate team members
• Serve as point of contact for all lease related inquiries
• Coordinate with the divisional real estate teams

Compliance and Controls

• Perform contract review and accounting for new or modified leases in accordance with ASC 842
• Manage and implement internal controls
• Support periodic audits (both internal and external)

Process Improvement and Issue Resolution

• Research and resolve discrepancies, concerns and issues with journal entries and balance sheet reconciliations 
• Use continuous improvement methodologies to identify areas of inefficiencies, develop, and then implement process improvement

Policy and Procedure Management

• Draft, maintain, and implement policies, procedures and related collateral

Education / Experience

• Bachelor's degree in accounting or related field and five (5) years of experience in general accounting (required)
• Lease ASC842 compliance experience (required)
• Experience with Costar lease accounting system, or equivalent (preferred)
• Strong working knowledge of GAAP and SOX (preferred)

Skills

Technical Proficiency:

• Strong computer skills, prior experience with general ledger accounting systems and knowledge of personal computer software applications including Microsoft Word, Excel, Outlook, and PeopleSoft

Analytical and Problem-Solving Skills:

• Analytical skills required to identify and resolve problems effectively

• Analyze lease agreements, assess their financial impact, and resolve complex lease accounting issues

Compliance and Regulatory Knowledge

• Drive compliance with leasing regulations, tax implications, and internal controls

Communication and Interpersonal Skills

• Excellent verbal and written communication skills, with the ability to engage professionally with diverse personalities and clearly explain lease accounting concepts to non-financial stakeholders and collaborate with other departments (such as legal and procurement)

Strategic Alignment and Influence

• Skilled in aligning lease management practices with broader financial and organizational goals
• Ability to influence without authority in a matrixed environment

Project and Data Management:

• Oversee lease-related projects, such as the implementation of new lease accounting standards or software systems
• Manage large volumes of lease data, ensuring accuracy and performing trend analysis to support decision-making

About Us:
It’s all about the reputation. 55+ years of experience, trusted by 35+ industry leading brands, 16 campuses, 5 technical schools. But it’s not all about the numbers. Here at Universal Technical Institute and its family of schools, we care about YOU. We care about making a change in the lives of our employees and our students. We’re on a mission to expand our reach and increase our impact, one life at a time and that starts with yours...Come and be a part of our legacy!