Sr. Accountant, Leasing - Contractor at CooperVision, Inc in San Ramon, California

Job Description:

CooperVision, a division of CooperCompanies (NYSE:COO), is one of the world’s leading manufacturers of soft contact lenses. The Company produces a full array of daily disposable, two-week and monthly contact lenses, all featuring advanced materials and optics. CooperVision has a strong heritage of solving the toughest vision challenges such as astigmatism, presbyopia and childhood myopia; and offers the most complete collection of spherical, toric and multifocal products available. Through a combination of innovative products and focused practitioner support, the company brings a refreshing perspective to the marketplace, creating real advantages for customers and wearers. For more information, visit www.coopervision.com

Job Summary:

Responsible for maintaining compliance with ASC 842 through contract review, identifying the terms of each lease, executing the entry of key data into the lease subledger to drive the accounting, validating the output, maintaining the lease portfolio and owning the related controls for the end-to-end process.  Coordinates with the local and regional finance teams to ensure timely input, ensuring completeness and accuracy throughout the process.  Generates and distributes the required monthly GL entries to all local sites for posting, providing guidance and maintaining clear communication on reporting requirements with all entities.

Essential Functions & Accountabilities:

• Work to ensure compliance with US GAAP and internal policies and procedures, with particular focus on ASC 842.


• Maintain close connection with the business and establish controls to ensure new lease contracts are flagged, identified and that the accounting is executed in a timely manner.


• Read, comprehend, and interpret lease contract verbiage to ensure accurate input of terms and critical data into the lease subledger, subsequently validating the output.


• Validate the data in any tables maintained within the subledger system including but not limited to foreign currency rates, IBRs, etc.


• Maintain the lease portfolio and facilitate the review of the population on an ongoing basis.


• Generate, review and distribute the required GL journal entries to regional and local finance contacts on a monthly basis.


• Provide technical guidance to local and regional teams, specifically as it relates to leasing.


• Run lease vs. buy scenarios, interpret the analyses and provide recommendations back to the business.


• Identify areas for improvement and suggest ways to drive efficiencies around the process.


• Facilitate the annual impairment assessment of ROU Assets, at least once annually.


• Support and collaborate with management on various projects and process improvement initiatives.
  


• Support Corporate Tax, the Environmental, Social, and Governance (ESG) team, audit, CHQ and others with any lease related data requests.


• Other duties as assigned, which would primarily include general accounting related responsibilities.

CooperVision’s management team is committed to the development of and implementation of the quality management system and maintaining its effectiveness by communicating to the organization the importance of meeting customer as well as statutory and regulatory requirements.

Qualifications

Knowledge, Skills and Abilities:

• Strong knowledge of GAAP is required, ASC 842 experience highly preferred.


• Strong reading comprehension required.


• Advanced level of proficiency with Excel.


• Strong communication skills required.


• Strong analytical skills.


• Self-motivated.


• Detail oriented.


• Position will work with all levels of management and personnel.


• Ability to perform conversions of international currencies.

Work Environment:

• Normal corporate office environment.


• Prolonged sitting in front of a computer.

Experience:

• 7+ years of experience either in a public firm or in a similar role.


• Knowledge of lease accounting software, specifically Visual Lease, preferred.

Education:

• Bachelor’s Degree in Accounting required.


• MBA a plus; CPA a plus.