Fixed Asset & Lease Accountant I/II/III

Excellus BCBS is looking for a Fixed Asset and Lease Accountant to join their finance team. This role involves managing accounting and financial reporting functions for fixed assets and leases, ensuring compliance with GAAP and SAP standards, and collaborating with various internal departments.

Responsibilities

• Under direct supervision, gather and analyze financial data from a variety of sources to prepare journal entries, account reconciliations, associated tax schedules and financial schedules in a manner consistent with ensuring internal and external audit compliance (i.e., appropriate documentation and support), in accordance with the applicable fixed asset and lease policies and reporting requirements
• Records, tracks, and maintains the fixed asset register and subledger, including additions, disposals, transfers, retirements and calculating of monthly depreciation and amortization
• Reviews and capitalizes assets in accordance with company policies
• Supports physical asset inventories and ensure alignment with book records
• Tracks construction in progress and support timely asset placement in service, ensuring robust supporting documentation
• Coordinates with procurement, IT, real estate services and operations on asset and lease-related matters
• Maintains lease schedules, including right-of-use (ROU) assets and lease liabilities for GAAP, and applicable statutory treatment and initiate monthly lease payments maintaining compliance with contract terms
• Reviews contracts to identify embedded leases and determine appropriate accounting treatment under both reporting frameworks
• Updates lease modifications, reassessments, and renewals
• Ensures completeness and accuracy of lease data within lease accounting systems
• Research technical accounting and financial reporting issues, documenting the analysis of issues, including accounting positions considered and conclusions reached
• Maintains and enhances the control environment, consistent with NAIC Model Audit Rule, by applying the internal corporate policies and procedures and external regulations
• Keeps abreast of accounting/professional developments by attendance at seminars/workshops and professional society meetings, review of publications and as necessary, independent study
• Provides support to projects/initiatives within Finance or the wider Enterprise
• Establishes and maintains constructive relationships when dealing with internal and external professionals, institutions, and agencies
• Consistently demonstrates high standards of integrity by supporting the Lifetime Healthcare Companies’ mission and values, adhering to the Corporate Code of Conduct, and leading to the Lifetime Way values and beliefs
• Maintains high regard for member privacy in accordance with the corporate privacy policies and procedures
• Regular and reliable attendance is expected and required
• Performs other functions as assigned by management
• Under general supervision, works on more complex technical accounting and financial reporting issues, documenting the analysis of issues, including accounting positions considered and conclusions reached (i.e. sale leaseback transactions)
• Provides enhanced support to projects/initiatives within Finance or the wider Enterprise
• Works under minimal supervision, handles complex technical accounting and financial reporting issues, documenting the analysis of issues, including accounting positions considered and conclusions reached
• Leads implementation of new accounting standards, projects/initiatives
• Acts in a consultative capacity to management at all levels of assigned organization unit to provide professional technical expertise in the determination of suitable approaches to financial concerns

Skills

• Bachelor's degree in accounting or related field. In lieu of a degree, six (6) years of experience required
• Demonstrated understanding of financial statements and GAAP
• Ability to interpret and effectively implement/apply changes in accounting guidance
• Ability to effectively communicate and collaborate across all levels of the organization
• Takes initiative and promotes a continuous improvement mindset and culture
• Ability to simultaneously handle multiple priorities
• Ability to work independently
• Working knowledge of Microsoft Office Suite (Excel, Word, PowerPoint)
• One (1) year of related experience preferred
• CPA or advanced degree preferred
• Public accounting and/or fixed asset and lease experience preferred
• Knowledge of, and experience, with Workday, Lease Query and associated systems preferred
• An understanding of SAP preferred

Benefits

• Participation in group health and/or dental insurance
• Retirement plan
• Wellness program
• Paid time away from work
• Paid holidays
• There may be opportunity for remote work within all jobs posted by the Excellus Talent Acquisition team. This decision is made on a case-by-case basis.

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