Tekfortune Inc
Financial Analyst
Tekfortune Inc, San Jose, California, United States, 95199
Role: Financial AnalystLocation: San Jose, CA
Summary of NeedAccounting support for Cloud leases (FY23 SAB99 with no existing process and projected growth of 20x-100x). Temporary support needed to keep up with manual assessment of leases, preparation of waterfall and SEC disclosures, while we partner with Lease team to intake the workflow into an existing vendor arrangement managing leases at scale (intake expected to take ~9+ months). Accounting support also required to investigate, document, and implement changes in Cost Center allocation methodologies to comply with GAAP requirements.
Skills / Experience Requirements
Lease accounting support:
Technical Expertise: Good understanding of ASC 842 lease accounting and be able to research and resolve accounting issuesProcess Improvement: Analyze existing operational processes for lease assessment, waterfall calculations, manual journal entries, account reconciliations, and SEC disclosures. Identify risks, gaps, and opportunities for enhancement.Cross-Functional Collaboration:Work closely with accounting, finance, business team and the TI-lease teams to implement process improvements and drive efficient solutions.Work with cross functional teams to to intake the workflow into an existing vendor arrangement managing leases at scale
Documentation & Communication:
Create clear and comprehensive process documentation for the end-to-end lease process with controls.Articulate accounting and operational issues effectively to various stakeholders on timely manner
General requirements:
Experience with SAP and manual journal entry process to support the month-end close tasksExperience and success in a hyper growth environment, where flexibility and a keenness for optimization are keyDetailed oriented with strong analytical and problem-solving skills; a self-starter and motivated by the opportunity to build new processes and evolve existing ones for complex and rapidly growing environment
Summary of NeedAccounting support for Cloud leases (FY23 SAB99 with no existing process and projected growth of 20x-100x). Temporary support needed to keep up with manual assessment of leases, preparation of waterfall and SEC disclosures, while we partner with Lease team to intake the workflow into an existing vendor arrangement managing leases at scale (intake expected to take ~9+ months). Accounting support also required to investigate, document, and implement changes in Cost Center allocation methodologies to comply with GAAP requirements.
Skills / Experience Requirements
Lease accounting support:
Technical Expertise: Good understanding of ASC 842 lease accounting and be able to research and resolve accounting issuesProcess Improvement: Analyze existing operational processes for lease assessment, waterfall calculations, manual journal entries, account reconciliations, and SEC disclosures. Identify risks, gaps, and opportunities for enhancement.Cross-Functional Collaboration:Work closely with accounting, finance, business team and the TI-lease teams to implement process improvements and drive efficient solutions.Work with cross functional teams to to intake the workflow into an existing vendor arrangement managing leases at scale
Documentation & Communication:
Create clear and comprehensive process documentation for the end-to-end lease process with controls.Articulate accounting and operational issues effectively to various stakeholders on timely manner
General requirements:
Experience with SAP and manual journal entry process to support the month-end close tasksExperience and success in a hyper growth environment, where flexibility and a keenness for optimization are keyDetailed oriented with strong analytical and problem-solving skills; a self-starter and motivated by the opportunity to build new processes and evolve existing ones for complex and rapidly growing environment