Posted 1 month ago

Senior Accountant, Capital Projects & Lease Transformation

Company: WorldPac
Category: Accounting/Finance

 Oak Brook

Type: Full Time

WorldPac seeks a Senior Accountant to join their team. As the Senior Accountant for Capital Projects & Lease Transformation, you will play a critical role in ensuring the accuracy, completeness, and compliance of their financial reporting. You will lead complex accounting activities across capital projects, fixed assets, and leases, applying the appropriate GAAP guidance— including ASC 360 (Property, Plant & Equipment), ASC 350 (Intangibles), ASC 842 (Leases), and related capitalization rules.
You’ll partner closely with business and process owners to ensure operational efforts seamlessly translate into accurate financial results while contributing to the modernization of our accounting processes and systems.
Salary range for this position is $66,000.00 – $88,000.00 annually.
What You’ll Do:

  • Lead all fixed asset and lease accounting activities in accordance with ASC 360, ASC 350, and ASC 842, including capital project tracking, capitalization, depreciation, and ROU asset management.
  • Ensure proper capitalization of costs by applying GAAP guidance and distinguishing between capitalizable and expensed expenditures (ASC 360, ASC 720/730, ASC 350, and ASC 340-40 where applicable).
  • Oversee the month-end close process for capital projects, fixed assets, and leases, ensuring timely and accurate journal entries, reconciliations, and financial reporting.
  • Manage the full lifecycle of fixed assets—capitalization, depreciation, impairments, adjustments, and disposals—in compliance with GAAP and internal policies.
  • Maintain accurate lease accounting records, including contract review, right-of-use asset and lease liability calculations, modifications, and disclosure preparation under ASC 842.
  • Partner with business process owners across operations, finance, and IT to ensure operational activities, project milestones, and contract data are accurately captured in asset and lease accounting systems.
  • Recommend, develop, and implement process improvements and automation initiatives to enhance efficiency, accuracy, and scalability within the fixed asset and lease accounting functions.
  • Prepare audit-ready schedules, documentation, and support for internal and external audits, ensuring GAAP compliance and SOX control adherence.
  • Contribute to the development and enhancement of accounting policies, procedures, and internal controls supporting a modernized finance environment.