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Lease Accountant

Old Republic TitleMinnetonka, MN

$65,000 - $75,000 / year

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Job Description

Job Description:

We are seeking a highly motivated, organized, detail-oriented Lease Accountant who can manage the accounting processes related to leases. Responsibilities include processing journal entries, completing month end close, audit support, executing internal controls and completing timely account reconciliations.

This is a hybrid position and requires in-office attendance a minimum of 2 days/week in our Minnetonka, MN office.

Essential Duties and Responsibilities:

  • Coordinate the month end close process including recording journal entries and maintaining a detailed journal entry checklist, communicating with business partners, and proactively troubleshooting issues as they arise throughout the close. Prepare and process lease transactions into general ledger.

  • Develop proficiency in Lease Accelerator as means to troubleshoot lease accounting issues and obtain account reconciliation support.

  • Partner with Accounts Payable to provide payment requests and coding to ensure timely payment of 150+ leases.

  • Partner with landlords and their management companies to investigate and resolves payment discrepancies.

  • Partner with Operations/Facilities, Procurement, and FP&A to maintain complete and accurate lease data.

  • Prepare statements to facility management for all subleased locations.

  • Assist with audits (internal, external, or regulatory) by providing lease[1]related reports and documentation.

  • Conduct data analysis to identify trends and provides insights for planning or management review, as needed.

  • Ensure compliance with GAAP and internal accounting policies.

Knowledge and Skills Required:

  • Bachelor's degree in finance or accounting and 2-3 years of accounting experience.

  • Proficiency with Microsoft Excel and accounting software.

  • Experience with lease accounting and systems (Lease Accelerator, LeaseQuery, CoStar) a plus.

Communication and Interpersonal Skills:

  • Excellent professional written, verbal, listening and communication skills.

  • Must be a personable, positive, and professional representative of the company.

  • Ability to foster, develop and maintain professional and collaborative working relationships. Must be able to get along with others, i.e., peers, employees, supervisors, outside customers, and vendors. Lead by positive example.

  • Ability to collaborate and interact effectively and professionally with all levels of management, employees and customers by email, phone, video conferences and in person.

  • Actively listens and is mindful of the role body language, gestures and other nonverbal actions can play in communication.

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The estimated pay range stated represents the typical pay range for this position or similarly employed employees or employees performing substantially similar work. Factors which may be used to determine the actual pay rate may include, but are not limited to, education, training or experience; seniority; merit and work performance; quantity or quality of production; regional differences in compensation; differences in local minimum wages, or ability and effort.

Position's Pay Range:

$65,000 - $75,000

Benefits may include:

  • Comprehensive medical, prescriptions, dental and vision plans

  • 401(k) plan with a discretionary company match

  • Shareholder Purchase and Reinvestment Plan

  • Basic life and accidental death and dismemberment insurance premium paid by the company

  • Voluntary supplemental life insurance for employees, spouses and dependent children

  • Fertility and Family Building Benefits

  • Paid Disability benefits

  • Paid time off programs

  • 11 Company paid holidays per year

  • Flexible spending account

  • Health savings account (available to High Deductible Health Plan participants only)

  • Employee Assistance Program

  • Educational Assistance Program

  • Voluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident Insurance

  • Title insurance policies and certain escrow services for the employee's primary personal residence at no charge

  • Transportation benefit plan for mass transit, parking and vanpool, in several markets

Note: If you currently are employed by Old Republic Title (or one of its wholly owned affiliated companies) please get in touch with your human resources representative regarding the application process.

For California applicants, please click the following link to view our CCPA Applicant Notice

Old Republic Title is an Equal Opportunity Employer

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