Lease Center of Excellence Analyst

Job Description

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Company: SBS
Location: US-TX-Cypress,US-TX-Houston
Zip Code: 77429
Minimum Level of Education: Bachelor's Degree
Minimum Years of Experience: 3
Position Type:
Travel Percentage: 0

 

More information about this job:  

 

OVERVIEW:
We offer our associates the opportunity to grow personally and professionally, to contribute to the success of a dynamic organization, and to serve others in a manner that exceeds their expectations. We're looking for talented, hard-working individuals to join our team. Come grow with us and let us show you why we’re at the heart of food and service.

 

POSITION SUMMARY:

 

The Lease COE Analyst will be the key member of the Sysco Global Center of Excellence for leasing and will serve a key role analyzing contract data and ensuring accurate financial reporting for lease-related accounting under ASC 842. Main responsibilities include supporting the lease vs buy decision making process, reviewing lease contract submissions, abstracting data from lease contracts, generating proper accounting and reporting using lease accounting software and maintaining strong internal controls around lease accounting processes.

 

The position will have significant interaction with the Market Finance, Real Estate, Fixed Assets, External Reporting, Treasury, and Sourcing teams.

 

LEASE COE OVERVIEW:

The Lease COE is responsible for (1) analyzing contracts for all real estate, vehicle, IT equipment and other miscellaneous type leases, (2) supporting the lease vs. buy decision making process, (3) performing data abstraction for all new, modified, and terminated leases (4) the performance and monitoring of various control activities and partner with Internal Audit to ensure SOX compliance.

 

PRIMARY RESPONSIBILITIES:

Overall

 

  • Support the new leasing standard (ASC 842) and the CoStar Real Estate manager lease accounting software
  • Support lease vs buy decision making process for Market Finance teams
  • Analyze lease contract submissions for embedded leases and proper lease classification
  • Entering new leases, modifications, and terminations into CoStar
  • Recording right-of-use assets, lease liabilities and related expenses for accurate reporting
  • Reporting required information to meet SEC disclosure requirements
  • Maintain strong internal control procedures over lease accounting
  • Support AP and expense reconciliations performed by Market Finance
  • Ensuring compliance with lease accounting guidelines
  • Act as a liaison for the Market Finance as specific lease accounting questions arise
  • Identify and implement process improvement initiatives

 

 

QUALIFICATIONS:

 

Education:

Bachelor’s degree in accounting,

CPA preferred

 

Experience:

3 or more years experience in leasing or fixed assets;

Public accounting experience a plus.

 

Skills:

Intermediate Excel computer skills; must be able to create and modify existing Excel spreadsheets

Applicants must be currently authorized to work in the US

 

Applicants must be currently authorized to work in the United States.

SBS is proud to be an Equal Opportunity and Affirmative Action employer, and considers qualified applicants without regard to race, color, creed, religion, ancestry, national origin, sex, sexual orientation, gender identity, age, disability, veteran status or any other protected factor under federal, state or local law.

This opportunity is available through Sysco Corporation, its subsidiaries and affiliates.

Employment Type: Full Time