Technical Accounting Product Manager

  • DOE
  • Reston, VA, USA
  • Permanent, Full time
  • Lease Accelerator
  • 15 Feb 18 2018-02-15

The primary objectives of this position are to analyze and assess market needs for business process within the Enterprise Lease Management and Accounting SAAS area. This position is responsible for, defining specific product Lease Accounting related features to meet the demand, writing business requirements, in compliance with GAAP and IFRS and helping to coordinate the development release cycles such that a high-quality application is deployed to the user community.

The Company & the ELA Market

LeaseAccelerator is an Enterprise Lease Accounting (ELA) SaaS Solution provider to the Global 2000 companies. Our current customers include F-500 corporations, such as Salesforce.com, Cisco, NetApp, Eaton and Cummins. Enterprise Lease Accounting (ELA) is a new enterprise software solution category that is now experiencing significant growth due to the new lease accounting standard announced in February 2016.

For most Global 2000 companies, Enterprise Lease Accounting (ELA) is a dysfunctional enterprise business process. The new lease accounting standard is creating a significant market disruption for most of the G-2000. These global organizations lack the knowledge, process, and systems to address the new compliance requirements. LeaseAccelerator provides customers with a SaaS ELA solution to manage this enterprise process that generates significant cost saving, improves operational effectiveness, and reduces their compliance risk.

ELA for large global organizations is a complex enterprise business process that spans a wide range of corporate functions. These functions include:

  • Sourcing: the process which starts with the initial field request for equipment and progresses through a competitive RFP process for financing, analyzing responses, awarding, papering and executing contracts
  • Portfolio Management: the processes which include tracking relevant stakeholders, updating key data elements supporting internal management accountability, monitoring performance and coordinating end of term activities such as returns, buyouts and renewals for all leased asset types including equipment and real estate.
  • Finance and Accounting: activities required for internal management reporting and analysis, external financial accounting and disclosure reporting, administering complex business hierarchies and cost allocation structures

The Position

The primary objectives of this position are to analyze and assess market needs for business process within the Enterprise Lease Management and Accounting SAAS area. This position is responsible for, defining specific product Lease Accounting related features to meet the demand, writing business requirements, in compliance with GAAP and IFRS and helping to coordinate the development release cycles such that a high-quality application is deployed to the user community.

Requirements are written with a comprehensive understanding of the existing software landscape to provide detailed recommendations and visioning on how to enhance the software based on case prioritization. In addition to writing the requirements for the enhancements, this position is responsible for writing product documentation and related communications for both internal and external customers explaining how to utilize our product in support of both GAAP and IFRS. This is a highly visible role that works directly with management and subject matter experts across the organization to ensure the timely and accurate delivery of LeaseAccelerator enhancements.

The LeaseAccelerator Technical Accounting Product Manager is a key player supporting our ELA SaaS solution which is experiencing very high growth in the market as a result of the new accounting standards. The LeaseAccelerator Technical Accounting Product Manager is a critical member of the Product Management team and is responsible for developing the Product Roadmap and overseeing the software enhancement activities to deliver the application in accordance of the rigorous requirements and use case analysis.

The Technical Accounting Product Manager responsibilities include:

  • Review and assess new enhancement cases for prioritization and accuracy of ticket request content.
  • Lead the analysis and documentation of enhancements as it relates to the to the adoption of new Lease Accounting Standards, proposed transactions and new business activities.
  • Create Release plans, including the prioritization of enhancements, and coordination with the Product Assurance team.
  • Coordinate information gathering between business teams and engineering for complex accounting related enhancements.
  • Work closely with Development Team to communicate requirements, discuss solution alternatives and ensure requested enhancements can be achieved.
  • Define detail business requirements for new Lease Accounting related features and enhancements while supporting GAAP and IFRS while considering the integration into the current software landscape.
  • Review system demonstration, provided by engineering, of product enhancement prior to development code being moved to a testing environment.
  • Coordinate with the Product Assurance team by providing input for detailed functional and operational use cases, detailed test plans, scenarios and expected outcomes to validate the accuracy and performance of each feature and enhancement based on the defined requirements.
  • Conduct gap analysis between delivered functionality and additional client requirements and recommend solutions. Provide analytical and troubleshooting abilities to address system feature issues
  • Develop Customer facing materials and documentation including Customer Release Notes and Product Feature Advisories.
  • Mentor and direct accounting and IT professionals, in the functional areas of Lease Accounting, as it relates to the software enhancements.
  • Participate in ensuring compliance for SOC1 controls by ensuring the related control processes are performed and that the supporting documentation is maintained.

Required Experience, Knowledge and Skills:

  • BS/BA degree in Finance or Accounting
  • 6+ years of progressive accounting and finance experience
  • 6+ years Accounting Information Systems, software or ERP experience.
  • Ability to research accounting standards and interpret and communicate findings.
  • Demonstrated ability to research, write, edit and proofread accounting narrative and technical requirements documents.
  • Knowledge of GAAP and IFRS and related financial reporting, financial statement preparation and disclosure requirements.
  • Ability to analyze and clearly communicate financial information.
  • Ability to interact will all levels of management across the business.
  • Ability to work independently on assignments where considerable judgment and initiative are required in resolving problems and making choices, recommendations or decisions.
  • Strong organizational skills to manage and advance multiple relationships and projects simultaneously with a significant degree of autonomy and minimal oversight.
  • High energy, self-motivated individual with a strong sense of purpose.
  • Ability to meet a constant stream of deliverables and deadlines.
  • Proficiency in Microsoft Office Outlook, Excel, Word.
  • Highly detail-oriented and organized

Preferred Qualifications: Additional Knowledge, Skills, & Abilities:

  • CPA preferable.
  • Experience in public accounting
  • Proven success in providing analysis and insightful advice to business managers and financial professionals
  • Experience preparing control documentation.
  • In-depth knowledge of GAAP with an emphasis on ASC840 and/or ASC842
  • Knowledge and understanding of corporate controllership organizational and operational activities

Compensation:

LeaseAccelerator offers competitive compensation and benefits programs.
LeaseAccelerator is an Equal Opportunity Employer and does not discriminate on the basis of race, national origin, religion, color, gender, sexual orientation, age, non-disqualifying physical or mental disability or any other basis covered by law.

Location:

LeaseAccelerator is headquartered in Reston, Virginia. This position is located in the Reston, VA headquarters and the candidate may be eligible for telecommuting subject to performance and management approval.

More About LeaseAccelerator:

LeaseAccelerator is a leading, global Software-as-a-Service (SaaS) provider of comprehensive and integrated Enterprise Lease Accounting (ELA) solutions. Our cloud-based software and related offerings enable enterprises to better source equipment leases, manage their portfolio of real-estate, equipment, and embedded leases, and generate their lease accounting and financial reporting. The scope and timeliness of the data and analytics we provide allow chief financial officers, treasurers, and finance managers, to operate more confidently in an increasingly complex and volatile global business environment. Using LeaseAccelerator, companies can optimize the economic, operational and compliance risk management results of their enterprise leasing program.

LeaseAccelerator is the only solution that covers the entire leasing lifecycle, including competitive Sourcing, saving 6-8% by driving down capital costs; portfolio Management, saving 8-12% by improving end-of-term return performance; and Lease Accounting, enabling compliance with current and new FASB, IFRS, and SOX requirements. Lessees have competitively sourced more than $2 Billion of equipment lease capital in 26 countries using LeaseAccelerator’s marketplace and the Global Lessor Network, savings millions of dollars. Today, global corporates use LeaseAccelerator to manage more than $2.5 Billion of leased assets in more than 50 countries.

Through LeaseAccelerator’s Capital Sourcing marketplace, customers can access The Global Lessor Network (GLN), a community of more than 500 lessors around the world who compete to win our clients business. Using the GLN, global companies with a need for in-country leasing expertise and financing can identify and transact with local lessors. LeaseAccelerator has supported transactions in more than 50 countries, spanning a wide variety of asset types, including corporate aircraft, construction, forklifts, furniture, IT, manufacturing, mining, networking, and transportation equipment. Lessors are encouraged to register for the GLN at www.lessornetwork.com.

Founded in 2003, LeaseAccelerator, is headquartered in Washington DC (Reston, VA), with operations in Canada and India.