Lease Accountant

Salary

$81,741.30 - $103,611.46 Annually

Location

Seattle, WA

Job Type

Career Service, Full Time, 40 hrs / week

Job Number

2025-MC25216

Department

DES - Executive Services

Division

FBOD-Finance & Business Ops

Opening Date

11 / 03 / 2025

Closing Date

11 / 16 / 2025 11 : 59 PM Pacific

FLSA

Non-Exempt

Bargaining Unit

F3A : L117-P&T

Full- or Part-Time

Full Time

Summary

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

Experience compiling and preparing financial statements or auditing to lease accounting concepts including present value of future cash flows, lease options, amortization, impairment, termination, and discount rates. The level of experience to be successful in this position is typically obtained through 1-2 years of work experience as an accountant or similar professional.

Preferred Qualifications

The Financial Management Section is part of the larger Finance and Business Operations Division portfolio of countywide services. FBOD's vision "Count on Us" reflects the division's deep-seated commitment to customer success, equity, employee engagement, resource stewardship, and operational excellence. If these values align with your own, please apply and join FBOD for a rewarding career!

Position Information :

Employees will be provided with a County issued laptop. When working remotely, employees must maintain a workspace with an internet connection (access may be supplemented in some situations) where they can reliably perform work, remain available and responsive during scheduled work hours, and follow FBOD's hybrid / remote Guidelines including on-camera participation during virtual video meetings.

King County has a robust collection of tools and resources to support working remotely. The individual selected for this opportunity will join an innovative and progressive team that is redefining how we work as we transition to the department's hybrid environment. Employees will be provided with a County-issued laptop and must maintain a home workspace with an internet connection where they can reliably perform work and remain available and responsive during scheduled work hour

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

Supplemental Information

Forbes named King County as one of Washington State's best employers.

Together, with leadership and our employees, we're changing the way government delivers service and winning national recognition as a model of excellence. Are you ready to make a difference? Come join the team dedicated to serving one of the nation's best places to live, work and play. Guided by our "True North" , we are making King County a welcoming community where every person can thrive. We value diversity, inclusion and belonging in our workplace and workforce. To reach this goal we are committed to workforce equity. Equitable recruiting, support, and retention is how we will obtain the highest quality workforce in our region; a workforce that shares and will help advance our guiding principles - we are one team; we solve problems; we focus on the customer; we drive for results; we are racially just; we respect all people; we lead the way; and we are responsible stewards. We encourage people of all backgrounds and identities to apply, including Native American and people of color, immigrants, refugees, women, LGBTQ+, people living with disabilities, and veterans.

King County is an Equal Employment Opportunity (EEO) Employer

No person is unlawfully excluded from employment opportunities based on race, color, religion, national origin, sex (including gender identity, sexual orientation and pregnancy), age, genetic information, disability, veteran status, or other protected class. Our EEO policy applies to all employment actions, including but not limited to recruitment, hiring, selection for training, promotion, transfer, demotion, layoff, termination, rates of pay or other forms of compensation.

To Apply

If you are interested in pursuing this position, please follow the application instructions carefully. If you need this announcement in an alternate language or format, would like to request accommodation or assistance in the application or assessment process or if you have questions please contact the recruiter listed on this job announcement.

King County offers a highly-competitive compensation and benefits package designed to meet the diverse needs of our employees and support our employees' health and well-being. Eligible positions receive the following benefits and have access to the following programs :

For additional information about employee benefits, visit our Benefits, Payroll, and Retirement Page .

This is a general description of the benefits offered to eligible King County employees, and every effort has been made to ensure its accuracy. If any information on this document conflicts with the provisions of a collective bargaining agreement (CBA), the CBA prevails.

NOTE : Benefits for Term Limited Temporary (TLT) or Short Term Temporary (STT) positions, including leave eligibility and / or participation in the pension plan through the Washington State Department of Retirement Systems, will vary based upon the terms and details of the position.Short Term Temporary positions are not eligible for an ORCA transit pass.

For inquiries about the specifics of this position, please contact the recruiter identified on this job posting.

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