Title: IAS Lease Accounting Manager

Job Family: Accounting

Location: Bulgaria / hybrid

About Labcorp:

We are a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. Through our unparalleled diagnostics and drug development laboratory capabilities, our 60,000+ employees combine cutting-edge innovation, science and technology to solve some of today’s biggest health challenges, accelerate life-changing healthcare breakthroughs and impact lives around the world.

About the role:

This role is responsible for the overall Lease accounting and reporting processes across the organization. Oversees the accurate set-up and modification of leases within the accounting system, ensuring all lease terms, data, and attributes are properly captured and in full alignment with ASC 842 requirements.

Duties and Responsibilities:

Lease Accounting Expertise: Act as the primary subject matter expert for all lease accounting-related inquiries across the organization. Provide guidance to ensure consistent interpretation and application of ASC 842, maintaining compliance with accounting standards and regulations.

Lease Setup & Modifications: Oversee the accurate set-up and modification of leases within the accounting system, ensuring all lease terms, data, and attributes are properly captured and in full alignment with ASC 842 requirements. Manage the integration of new leases and modifications into financial records.

Monthly Lease Journal Entries & Reconciliation: Lead the monthly process of recording lease-related journal entries, ensuring accurate financial transactions. Conduct account reconciliations for all lease-related accounts, promptly identifying and resolving discrepancies.

Financial Reporting Support: Prepare, analyze, and present ad-hoc reports as needed to support internal reviews, accounting processes, and financial reporting requirements. Collaborate with finance teams to provide accurate and timely lease-related data for monthly, quarterly, and annual reports.

Internal Controls & Compliance: Take responsibility for maintaining and strengthening the company’s internal controls related to lease accounting.

Cross-Functional Collaboration: Work closely with key internal departments to ensure the accuracy of lease data, resolve discrepancies, and address any lease-related queries. Act as the primary liaison for any cross-departmental lease inquiries.

Process Improvement: Continuously assess and optimize lease accounting processes, identifying areas for improvement to enhance efficiency, reduce risk, and maintain strict compliance with accounting standards.

Management of a regional accounting team based in LabCorp’s EU Center responsible for recruitment, training, development, employee engagement, objective setting and completion of midyear and annual reviews

Lead, support, coach, develop an engage team of analysts, ensuring the key deliverables are completed on time with high quality

Monitor and act upon respective KPIs 

Minimum Education and Experience Required:

5+ years accounting, experience in Global Business Services Centers or multinational companies

2+ years of supervisory experience

Preferred Qualifications:

Bachelor’s or Master’s Degree in Finance, Accounting or Economics

Professional certification (CPA, ACCA, CIMA) and advanced Accounting degree preferred

Advanced knowledge of US GAAP, ASC 842 Leases preferred

Skills and Competencies:

Adhere to a pro-active approach, with the ability to solve problems and interact professionally with internal and external clients in order to meet critical needs in an effective and timely manner

Demonstrate ability to plan, multi-task and prioritize

Proficient in Excel

Previous experience with ERP system (PeopleSoft or Oracle Fusion preferred)

Proven track for improvements in processes or control environment

Strong stakeholder management skills

Working Conditions:

Work in a hybrid mode, sharing time between office and home work

Ability to travel internationally (limited occasions)

Labcorp is proud to be an Equal Opportunity Employer:

As an EOE/AA employer, Labcorp strives for diversity and inclusion in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications of the individual and do not discriminate based upon race, religion, color, national origin, gender (including pregnancy or other medical conditions/needs), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. Additionally, all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law.

We encourage all to apply

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