Senior Accountant (Leases and FA) at WORLDPAC

Oak Brook, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

22 May, 26

Salary

0.0

Posted On

21 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Capital Projects Accounting, Fixed Asset Accounting, Lease Accounting, GAAP Compliance, ASC 360, ASC 350, ASC 842, Month-End Close, Reconciliations, Financial Reporting, Capitalization, Depreciation, SOX Compliance, Process Improvement, Oracle Fusion, CoStar

Industry

Wholesale Motor Vehicles and Parts

Description

Position Summary As the Senior Accountant for Capital Projects & Lease Transformation, you will play a critical role in ensuring the accuracy, completeness, and compliance of our financial reporting. You will lead complex accounting activities across capital projects, fixed assets, and leases, applying the appropriate GAAP guidance— including ASC 360 (Property, Plant & Equipment), ASC 350 (Intangibles), ASC 842 (Leases), and related capitalization rules. You’ll partner closely with business and process owners to ensure operational efforts seamlessly translate into accurate financial results while contributing to the modernization of our accounting processes and systems. What You’ll Do Lead all fixed asset and lease accounting activities in accordance with ASC 360, ASC 350, and ASC 842, including capital project tracking, capitalization, depreciation, and ROU asset management. Ensure proper capitalization of costs by applying GAAP guidance and distinguishing between capitalizable and expensed expenditures (ASC 360, ASC 720/730, ASC 350, and ASC 340-40 where applicable). Oversee the month-end close process for capital projects, fixed assets, and leases, ensuring timely and accurate journal entries, reconciliations, and financial reporting. Manage the full lifecycle of fixed assets—capitalization, depreciation, impairments, adjustments, and disposals—in compliance with GAAP and internal policies. Maintain accurate lease accounting records, including contract review, right-of-use asset and lease liability calculations, modifications, and disclosure preparation under ASC 842. Partner with business process owners across operations, finance, and IT to ensure operational activities, project milestones, and contract data are accurately captured in asset and lease accounting systems. Recommend, develop, and implement process improvements and automation initiatives to enhance efficiency, accuracy, and scalability within the fixed asset and lease accounting functions. Prepare audit-ready schedules, documentation, and support for internal and external audits, ensuring GAAP compliance and SOX control adherence. Contribute to the development and enhancement of accounting policies, procedures, and internal controls supporting a modernized finance environment. What You Bring Bachelor’s degree in Accounting, Finance, Commerce, or a related field. 4+ years of progressive accounting experience, including substantial exposure to capital projects, fixed asset accounting, and lease accounting. Strong working knowledge of ASC 360 (PP&E), ASC 350 (Intangibles), ASC 842 (Leases) and GAAP capitalization criteria. Proven experience with month-end close, reconciliations, and financial reporting for fixed assets and leases. Ability to determine appropriate capitalization vs. expense treatment under GAAP for various project and asset types. Excellent organizational, analytical, and problem-solving skills with the ability to interpret data, identify trends, and propose improvements. Strong communication and relationship-building skills across departments and functional areas. Proficiency in Excel, Word, Oracle Fusion, and CoStar. Familiarity with automation tools, workflow enhancements, or process improvement initiatives is a plus. Experience supporting internal/external audits and SOX compliance requirements. Posted Salary Range USD $66,000.00 - USD $88,000.00 /Yr.

Responsibilities

This role leads complex accounting activities for capital projects, fixed assets, and leases, ensuring accuracy and compliance with GAAP standards like ASC 360, ASC 350, and ASC 842. Key duties include overseeing the month-end close process, managing the full fixed asset lifecycle, and maintaining accurate lease accounting records.