Quarem · 5 days ago
ASC-842 & IFRS-16 Lease Accounting Specialist
Quarem is seeking a highly knowledgeable Lease Accounting Specialist with expertise in ASC 842 to support clients using their lease accounting software. The role involves providing accounting guidance, troubleshooting lease scenarios, and collaborating with software development teams to ensure compliance with accounting standards.
Responsibilities
Serve as the primary accounting resource for clients needing guidance on ASC 842 lease classification, ROU asset and liability calculations, amortization schedules, incentives, options, and remeasurements
Review client lease data and assist with complex lease setups or accounting scenarios within the software
Troubleshoot accounting discrepancies, validate lease calculations, and provide clear guidance on how issues should be resolved in accordance with GAAP
Provide consultation on general ledger mapping, journal entry outputs, and integration best practices
Lead client discussions, training sessions, and walkthroughs on lease accounting features and reporting
Stay current on updates to ASC 842, emerging interpretations, and regulatory changes
Translate new accounting requirements into functional software needs for the product and development teams
Review upcoming features and releases to ensure compliance with accounting standards
Participate in UAT (user acceptance testing) for new functionality impacting lease accounting
Provide ongoing feedback to improve calculation logic, reporting, and usability from an accounting perspective
Prepare internal documentation, training materials, and knowledge base content related to ASC 842
Advise cross-functional teams (Client Services, Implementation, QA, Sales) on accounting best practices and system capabilities
Assist in standardizing processes for lease accounting reviews, data validation, and onboarding support
Help identify recurring client issues and recommend product or process improvements
Qualification
Required
Bachelor's degree in accounting or finance; CPA or progress toward CPA preferred
2-5 years of accounting experience, with at least 1 years in ASC 842 lease accounting
Strong technical understanding of US GAAP, lease classification, discount rates, ROU assets/liabilities, and general ledger interactions
Ability to interpret and apply accounting standards and explain complex concepts to non-accountants
Experience working with or supporting accounting/lease management software is highly advantageous
Excellent communication and client-facing skills with the ability to simplify complex accounting topics
Strong analytical skills and exceptional attention to detail
Proficiency with Excel and comfort working with large datasets
Preferred
Experience in SaaS, software support, or product-facing accounting roles
Familiarity with multi-entity GL structures and system integrations
Experience with IFRS 16 is a plus
Prior involvement in product development discussions or requirements gathering
Benefits
Competitive compensation
Benefits
Professional growth opportunities