Lease Accounting Lead; BFO

This recruitment is to fill one Term Limited Temporary position that is anticipated to end December 2024. If filled by a King County employee who has passed their initial probation, the TLT will be as a Special Duty Assignment.

King County’s Finance and Business Operations Division, Financial Management section, is seeking a Lease Accounting Lead (Business & Finance Officer
3)!

Do you delight in providing meaningful financial information to King County’s residents?
Do you thrive on details, and enjoy interpreting complex transactions and documents to extract accounting information from them?

If so, this fantastic opportunity to join King County’s Financial Accounting Unit as a Lease Accounting Lead may be for you! This position oversees a team of four Lease Accountants; the team has primary responsibility for identifying, interpreting, and capitalizing new leases under the requirements of Generally Accepted Accounting Principles for Governments in the United States (GAAP). The work in 2023 will be heavily focused on software leases (GASB 96: Subscription Based Information Technology Arrangements) and Availability Payment Arrangements (GASB 94: Public-Private and Public-Public Partnerships and Availability Payment Arrangements) while 2024 will focus on harmonizing and optimizing the County’s implementation of GASB 87:
Leases along with GASB 94 and GASB 96.

Scope of Job Duties: To be considered for this opportunity, you must at a minimum, demonstrate knowledge, skill and ability to:

• Serve as the County’s subject matter expert on lease accounting for all County funds.
• Lead and mentor effective teams consistent with the County’s values particularly, we are racially just, we respect all people, and we are responsible stewards.
• Independently and with minimal supervision, prepare notes to the financial statements (proprietary or governmental funds) on the full accrual or modified accrual basis of accounting; prepare schedules supporting the notes, and support audits of those notes.
• Prepare concise, organized, written and oral responses to inquiries from agency staff, auditors, colleagues, and the public.
• Interpret accounting policies, standards, and audit guides to ensure conformity and compliance with legislation and authoritative pronouncements. Develop and recommend process and procedure changes as necessary.

• Experience in governmental accounting / financial reporting, governmental audit experience, or equivalent experience in a non-governmental setting.
• Experience accounting for Leases under any of the modern lease accounting standards (GASB 87, ASC 842, or IFRS 16).
• Technical experience using automated accounting, financial management, and financial reporting systems. Can effectively use the Microsoft Office suite of software (Word, Excel, Outlook, and PowerPoint) and willing to learn Google Workspace (Sheets, Docs).
• Ability to think critically and perform financial analysis and reporting of complex accounting information requiring high attention to detail
• Possess a range of leadership and communication skills that enable effective communication with individuals from diverse backgrounds at all levels of the organization, auditors, and customers outside the organization.
• Strong communication, interpersonal, writing and customer service skills
• Ability to manage your time and adapt to changing priorities, work on multiple priorities and projects simultaneously, meet quick deadlines, and produce timely and quality work products.

• Accounting license (CPA) or certification (CGFM, CPFO, CMA, etc.)
• Bachelor’s degree in accounting or related discipline
• Experience with LEAN processes and principles
• Experience with SharePoint, MS Teams and other collaborative online tools