Lease Accountant

Lease Accountant

Are you an accountant that wants to make a big, countywide impact on the community you've chosen to call home? If that's not enough reason to join our team, how about a career with fascinating accounting puzzles to solve, surrounded by brilliant professionals that you can partner with to make sure the County's lease and subscription activities are reported correctly in the audited financial statements? The Capital Asset Accounting (CAA) unit in the Financial Management Section (FMS) has an outstanding opportunity for a Lease Accountant (Accountant). This position is knowledgeable on accounting for leases, partnerships, and software subscriptions under Statements of the Governmental Accounting Standards Board #87, #94, and #96. CAA is an essential component of the County's efforts to maintain its top-notch bond ratings and access to municipal bond credit markets that enable the County to embark on large projects and programs in our goal to make King County a Welcoming Community Where Every Person Can Thrive!

We are looking for someone who is passionate about providing excellent customer service and continuously creating new ways to improve business processes. The Financial Management Section is part of the larger Finance and Business Operations Division portfolio of county-wide services. Operating as an internal service fund, FBOD's vision is "Count on Us" reflecting the division's deep-seated commitment to customer success, equity, employee engagement, resource stewardship, and operational excellence. You will join a supportive team that will partner with you in these efforts; FBOD is an open, ethical, highly engaged, and collaborative community based on trust, transparency, and mutual respect. FBOD believes in the importance of quality of life, embracing diversity and equity, and making a difference. If these values align with your own, submit your application now and come join us for a rewarding career.

The Lease Accountant is proficient on the nuanced but exciting area of governmental accounting dealing with leases, public-public and public-private partnerships, and software subscriptions. They work together with colleagues in FMS and county agencies to record and maintain the county's leases, subscriptions, and public / public and public / private partnership activity. The County has a broad portfolio of leases, subscriptions, and partnerships which give rise to intangible assets under the accounting standards. Accounting for these activities requires maintaining collaborative relationships with agencies who conduct the 60+ lines of business across the government, knowledgeable in the rules of accounting for these activities in governments and working closely with other accounting units in Financial Management that lead preparation of the Annual Comprehensive Financial Report.

Scope of Job Duties :

• Consult with agency colleagues and FMS team members to provide support on matters of lease, partnership, and subscription accounting.
• Assess and analyze lease agreements, if meets standards for GASB 87, 94, and 96.
• Compile information for disclosures around leases, subscriptions, and partnerships in the Notes to the Financial Statements.
• Ensure the note disclosures reconcile to the fund statements and other Notes.
• Maintain the lease and subscription subsidiary ledger, adhering to established internal controls to maintain reliability of the subledger data.
• Gather supporting documents for journal entries to reflect lease activity in the general ledger.
• Provide reconciliation support of lease accounting subsidiary ledger to the General Ledger.
• Contribute to business process improvement and standardization using technology and other tools.
• Build relationships with agency finance managers and others reinforcing the FBOD "Count on Us" vision, showing how FBOD leads the way in developing solutions for our customers.
• Interact with internal and external auditors; provide information and access to accounting records; develop and provide responses to audit inquiries and recommendations.

Minimum Qualifications :

Preferred Qualifications :

Position Information :

The Application / Selection Process : The recruitment for this position is open to all qualified candidates. A completed King County Application is required. Applicants from this recruitment may be used to fill future opportunities in this job classification. We highly recommend that you also provide a resume. A cover letter addressing how you meet the minimum qualifications and why you are interested in this position will also be beneficial.

The selection process consists of different phases : screening interview, virtual interview, and if successful, pre-hire reference checking. For some positions, additional phases may also include skill testing, writing samples or additional interviews. Candidates will be updated on the status of their application via the email address used to apply.

Each phase is set for a specific day. Different times will be available for those days only. Please reach out to the contact below to confirm dates. Rescheduling interviews may not be possible and may remove you from consideration if unavailable.

Note : Online applications are preferred. However, if you cannot apply online, go to www.kingcounty.gov / jobs for other options. If you have any questions or concerns while applying, please contact : Michael Castro, Recruiter Email : mcastro@kingcounty.gov