Job Title Lease Accountant
Responsible to Finance Manager (Fixed Assets, Leases & Property)
Location Parklands Court, Rubery
Sector/ Business area Financial Accounts team, Central Finance
Overall purpose of the role
Reporting to the Finance Manager (Fixed Assets, Leases & Property), the Lease Accountant will take ownership of lease accounting and reporting, including ensuring that control accounts are reviewed regularly and all items in query are resolved.
Financial Accounts team – Purpose and Context
The Financial Accounts team performs a pivotal role within Compass UK&I, overseeing fixed assets, leases/IFRS16 accounting, property related transactions, intercompany, balance sheet reconciliations, Group reporting, audit and financial statements, below the line transactions, accounting for M&A and providing advice and guidance on accounting matters as required. We also support the Tax team on sales and employment taxes as well as other Central Finance teams.
Key Accountabilities
Lease accounting and reporting
Co-ordination and review of Compass One property work
Approval and creation of fixed assets
Working effectively as part of a team
Building relationships with key stakeholders
Liaising with colleagues from other teams for resolution of queries
Coaching and guiding other team members
Carry out all steps required for month end lease processing and reporting
Ensure that ALAE (lease accounting system) is complete and correct
Prepare any manual journals required for missed ALAE transactions, to be posted into SAP
Prepare IFRS16 HFM file for Group reporting
Review all lease controls accounts monthly with preparers and ensure they are resolving any query items in a timely manner
Identify new leases, modifications or disposals to be processed on ALAE and ensure change log is updated
Ensure all lease related queries in the team mailbox are answered within agreed timeframes
Assist with audit requests and statutory reporting for IFRS16
Review the P&L for any short term/low value leases and assess correct treatment
Oversight and co-ordination of all property work undertaken on behalf of Compass One – review of working papers/control accounts and ensuring productive meetings take place regularly with the sector finance team
Approval of fixed asset creation/transfers where required and asset creation using Winshuttle
Review of ONS surveys and carbon footprint reporting ahead of submission
Maintain process notes for all business-as-usual work to enable cross training, cover and support within the team
Cross train other team members and support with training and development of more junior colleagues
Candidate Requirements: Key Skills, Knowledge & Experience
Part-qualified Accountant (CIMA/ACCA/ACA) [at least 3 years completed/4 or fewer exams remaining] and minimum of three years in a finance role.
Must be willing to commit to actively studying and qualifying in a reasonable time frame
Intermediate to Advanced Excel skills (complex formulae, pivot tables etc)
Good organisational and presentational skills
Flexible and adaptable in this busy, evolving environment
Experience of balance sheet reconciliations
Experience of month end (accruals, prepayments, variance analysis etc)
Experience of ERP software, SAP preferred
Continuous improvement mindset to question current processes
Understanding of reporting standard and experience working with IFRS16 accounting
Experience with property costs
Line management experience
We ensure you're rewarded for all your hard work, which is why we offer a comprehensive benefits package which includes but is not limited to:
• Exclusive travel discounts with TUI, Expedia, Booking.com and many more
• Save money on your food shop with discounts on Tesco, Sainsbury's, Morrisons and more
• Up to 44% off cinema tickets to enjoy your favourite blockbuster
• Regular emails filled with the best discounts and savings available
• Receive Wow Points every time you spend and use them on a wide range of brands
• Un-wind with us with free wellness, mindfulness and exercise classes
• You can share all discounts and offers with your friends and families
• Contributory pension scheme
• Study support
• Grow your career with our Career Pathways and MyLearning programmes
Neutral 2–4 sentence summary of what working at this company is like, drawn from public reviews and press coverage. Tone, collaboration style, pace, benefits highlights.
£45,000 – £60,000 (Glassdoor, Levels.fyi, 2025)
Our client is currently recruiting for a Lease Accountant to join their team. The Lease Accountant will take ownership of lease accounting a…
Job Title Lease Accountant Responsible to Finance Manager (Fixed Assets, Leases & Property)Location Parklands Court, RuberySector/ Business…
Job Title Lease Accountant Responsible to Finance Manager (Fixed Assets, Leases & Property) Location Parklands Court, Rubery Sector/ Busines…
