Lease Accountant I

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Performs a wide range of lease management related accounting functions in accordance with Generally Accepted Accounting Principles (GAAP) and ASC 842. Completes all aspects of new lease setup, initiates lease payments and provides lease documentation as needed during month-end, budget preparation and external audit. Provides lease guidance to lease contacts to ensure data accuracy.

MINIMUM QUALIFICATIONS:

EDUCATION, CERTIFICATION, AND/OR LICENSURE:

1. Bachelor of Science in Accounting or Finance OR Bachelor of Science in Business Administration or Business Management with a concentration in Accounting or Finance.

PREFERRED QUALIFICATIONS:

EXPERIENCE:
1. Prior experience with Accounting Standards Codification (ASC) 842 or Lease Accounting.

CORE DUTIES AND RESPONSIBILITIES: The statements described here are intended to describe the general nature of work being performed by people assigned to this position. They are not intended to be constructed as an all-inclusive list of all responsibilities and duties. Other duties may be assigned.

1. Develop strong relationship with Department lease contacts to help coordinate and monitor financial controls and accurate data in relation to lease processing according to lease guidelines.

2. Evaluate lease processes to maximize efficiency in the daily accounting operations. Ensure that internal control measures are being followed.

3. Maintain lease software in order to complete and submit accurate financial data during month-end process according to predetermined deadlines. Investigate and communicate variance issues to supervisor/manager of the department.

4. Develop and submit analytical financial data as needed by supervisor or department director/manager.

5. Assist in completing and compiling lease support documentation for budget and external audit purposes.

6. Ensure duties of lease management are completed accurately and timely including lease review, lease entry into lease management software and lease payments

7. Participate in educational opportunities as provided by the hospital to enhance skill related abilities.

8. Complete other duties as assigned by supervisor.

9. Support performance improvement and quality assurance initiatives.

PHYSICAL REQUIREMENTS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. May need to sit during extended periods of time.

WORKING ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Normal office environment.

SKILLS & ABILILTIES:

1. Ability to work with computers and spreadsheet software.

2. Strong verbal and written communication skills; analytical and interpretive skills preferred.

Additional Job Description:

Scheduled Weekly Hours:

40

Shift:

Exempt/Non-Exempt:

United States of America (Exempt)

Company:

SYSTEM West Virginia University Health System

Cost Center:

689 SYSTEM Enterprise Treasury

Welcome

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About the WVU Health System

The West Virginia University Health System is a West Virginia-based academic health system that provides the full continuum of healthcare services at 30 hospitals in West Virginia, Pennsylvania, Ohio, and Maryland. With more than 47,000 employees, of which 7,200 are providers, and $10 billion in total operating revenues, the WVU Health System is anchored by an 890-bed academic medical center and the 150-bed WVU Medicine Golisano Children’s Hospital in Morgantown, West Virginia. Together, the Health System’s hospitals, clinics, and specialty programs provide a comprehensive continuum of care, ranging from community-based primary and specialty services to highly complex, quaternary care and post-acute care.