Lease Accountant in Eden Prairie, MN at Lifetouch Inc.

Date Posted: 9/11/2018

Job Snapshot

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Job Description

Provides professional support for the implementation, management, and evaluation of all phases of lease accounting for Lifetouch, a Shutterfly company.

Primary Duties and Responsibilities  

  • Understands GAAP related to lease accounting.
  • Reviews all new lease and service agreements.
  • Responsible for inputs to leasing accounting software.
  • Handles day-to-day accounting responsibilities and prepares month-end journal entries for leases.
  • Coordinates with Legal and Technical Accounting on required leasing information.
  • Assists in the overall configuration and maintenance of lease accounting software.
  • Assists in ensuring proper internal controls related to lease accounting.
  • Helps direct requests for lease vs. buy decisions to align with company policies.
  • Provides lease activity summaries as directed by financial reporting, technical accounting, tax, and FP&A management.
  • Assists technical accounting with external reporting schedules and commentaries.
  • Provides lease accounting training to financial reporting staff, as needed.
  • Stays abreast of forthcoming proposals/changes to GAAP related to lease accounting.
  • Works with mergers and acquisition management to account for assumed leases.


Additional Duties and Responsibilities    

  • Performs other projects or miscellaneous duties as requested or assigned.



  • Bachelor’s Degree with accounting or finance concentration or equivalent experience
  • CPA preferred



  • 2 to 5 years in lease accounting and new pronouncements
  • 2 to 4 years public accounting (Big 4) experience preferred

Other (knowledge, skills, and abilities):

  • Prior experience in lease accounting and new pronouncements
  • Prior experience with lease accounting software
  • Strong MS Excel skills
  • Highly detailed oriented
  • Self-motivated
  • Strong analytical, interpersonal and communication skills
  • Strong integrity and business ethics