Lease and Property Accountant

Job Summary

This position acts as the Lease Accountant for Property Management and consists of work in functional areas such as financial accounting, creating journal entries to record debts and associated assets in the University's accounting system of record (Kuali) and the university property subsystem, using lease software to maintain a secondary system of accounting, monitoring property-related financial activity accounted for in Kuali, analyzing and interpreting accounting activity for accuracy and completeness, training University Accountants, creating and maintaining central written procedures for use by University Accountants, performing year-end close, and summarizing and reporting financial information from the accounting systems in accordance with accounting standards, statutes and regulations.

This position is responsible for interpreting lease-related GASB pronouncements.

• Provide support to the Manager of Property by facilitating the accounting, compliance, and reporting related to movable and non-movable equipment, including financed purchases. Confirm accounting information is properly reflected in both the University's financial system of record, the university property subsystem, and in secondary lease software.
• Prepare and analyze monthly and annual reports and reconciliations for capital assets, financed purchases, and lease agreements. Review and interpret financed purchase contracts and prepare entries, monthly reconciliations, and reclassification of assets with title transfers when leases conclude. Prepare monthly reconciliations to ensure compliance with GASB and the CSU and State systems of record and work with University Accountants to make necessary adjustments.
• Complete annual financial statement worksheets and audit requests for the University's State reporting exhibits, footnotes, and financial statement work papers. Ensure that all journal entries, work papers, reports, and work processes are thoroughly documented and that proper files are maintained in accordance with the University's record retention policies.
• Ensure financial transactions are in compliance with GASB, University, State and Federal rules. Remain current on all lease and property-related accounting policy changes issued by the GASB. Update and create financial procedures and manuals for Property Lease Accounting work processes.

• Provide support to the Manager of Property by facilitating the accounting, compliance, and reporting related to movable and non-movable equipment, including financed purchases. Confirm accounting information is properly reflected in both the University's financial system of record, the university property subsystem, and in secondary lease software.
• Prepare and analyze monthly and annual reports and reconciliations for capital assets, financed purchases, and lease agreements. Review and interpret financed purchase contracts and prepare entries, monthly reconciliations, and reclassification of assets with title transfers when leases conclude. Prepare monthly reconciliations to ensure compliance with GASB and the CSU and State systems of record and work with University Accountants to make necessary adjustments.
• Complete annual financial statement worksheets and audit requests for the University's State reporting exhibits, footnotes, and financial statement work papers. Ensure that all journal entries, work papers, reports, and work processes are thoroughly documented and that proper files are maintained in accordance with the University's record retention policies.

• Ensure financial transactions are in compliance with GASB, University, State and Federal rules. Remain current on all lease and property-related accounting policy changes issued by the GASB. Update and create financial procedures and manuals for Property Lease Accounting work processes.

• Create, maintain and run monthly and annual reports, respond to Federal Property Reporting requests and create ad hoc reports as needed, analyze reports to ensure proper compliance with the University Policies and Procedures and communicate…