Heritage Golf Group
Fixed Asset and Lease Manager
Location:
Herndon, VA
Department:
Finance/Accounting
Reports to:
Controller/CFO
Base pay range:
$125,000.00/yr - $150,000.00/yr
Additional compensation types:
Annual Bonus
Company Summary:
Since purchasing Heritage Golf Group in January 2020, the current ownership and leadership team has grown the company to include 46 clubs across the US. With its home office in northern Virginia, just outside Washington DC, Heritage clubs are located in Alabama, Colorado, Florida, Georgia, Illinois, Missouri, New Jersey, New York, North Carolina, Ohio, South Carolina, Tennessee, Virginia, Michigan, and Wisconsin. The company continues to grow by acquiring a mix of private country clubs in residential communities, member‑owned clubs with growth potential seeking strategic alternatives, and premium daily‑fee and resort golf properties in major resort destinations and metropolitan markets. Guided by the principle of evolving the golf experience to the highest level, each individual club’s amenities and operational systems are tailored to augment its unique assets.
Job Summary:
The Fixed Asset and Lease Accountant is responsible for managing the company's fixed asset portfolio, including acquisition, depreciation, disposal of fixed assets and reporting of lease agreements. This role ensures accurate records, ensuring compliance with company policies, and GAAP.
Fixed Asset Accounting Key Responsibilities Asset Management:
Implement Sage Intacct Fixed Asset Accounting module.
Migrate existing Excel fixed asset accounting records to Sage Intacct Fixed Asset Module.
Ensure fixed assets and related depreciation and amortization are balanced to previous year’s reporting.
Depreciation and Amortization:
Calculate and record depreciation expense for fixed assets in accordance with GAAP and company policy.
Prepare and review monthly journal entries related to fixed assets and ensure accuracy.
Reporting:
Prepare fixed asset schedules and reports for internal and external stakeholders.
Assist in the preparation of financial statements, ensuring fixed asset data is accurately reflected.
Participate in weekly internal company Capital and Lease approval meetings ensuring compliance with budget and company policy.
Audits:
Support internal and external audits by providing necessary documentation and explanations regarding fixed assets.
Compliance:
Ensure compliance with relevant accounting standards (e.g., GAAP, IFRS) and related to fixed assets.
Stay updated on changes in regulations that may impact fixed asset accounting.
Work closely with other Club Operations to ensure timely and accurate asset management.
Provide support and training to staff on fixed asset policies and procedures.
Leases Accounting Key Responsibilities Lease Accounting:
Manage and account for all equipment lease agreements and finance leases.
Manage and account for all facility lease agreements.
Ensure compliance with accounting standards such as IFRS 16 or ASC 842, including lease classification, measurement, and recognition.
Record Keeping:
Maintain a comprehensive lease database, ensuring all lease terms, payment schedules, and renewal options are accurately recorded.
Update and monitor lease agreements, modifications, and terminations.
Maintain Lease Crunch Software for all lease agreements.
Journal Entries and Reconciliations:
Prepare and post monthly journal entries related to leases, including initial lease recording, depreciation and interest expense calculations.
Reconcile lease-related accounts and resolve discrepancies as necessary.
Assist in the preparation of financial statements and disclosures related to leases.
Generate and analyze reports on lease liabilities and right‑of‑use assets for management review.
Audit Support:
Support internal and external audits by providing documentation and explanations related to lease accounting.
Prepare audit schedules for lease accounts as required.
Compliance and Best Practices:
Ensure compliance with relevant regulations and company policies regarding lease accounting.
Stay updated on changes in accounting regulations and best practices related to lease management.
Work closely with operations to gather information and ensure proper lease management.
Provide guidance and training to staff on lease accounting policies and procedures.
Qualifications
Bachelor’s degree in Accounting, Finance, or a related field.
Minimum of 5 years of experience in accounting, with a focus on fixed assets preferred.
Strong understanding of accounting principles, fixed asset management, and lease accounting standards (IFRS 16/ASC 842).
Proficiency in accounting software (e.g., Sage Intacct, Lease Crunch) and Microsoft Excel.
Excellent analytical and organizational skills.
Attention to detail and ability to meet deadlines.
Strong communication and interpersonal skills.
Preferred Qualifications
CPA certification is a plus.
Seniority Level:
Director
Employment Type:
Full‑time
Job Function:
Accounting/Auditing
Industries:
Hospitality and Golf Courses and Country Clubs
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Herndon, VA
Department:
Finance/Accounting
Reports to:
Controller/CFO
Base pay range:
$125,000.00/yr - $150,000.00/yr
Additional compensation types:
Annual Bonus
Company Summary:
Since purchasing Heritage Golf Group in January 2020, the current ownership and leadership team has grown the company to include 46 clubs across the US. With its home office in northern Virginia, just outside Washington DC, Heritage clubs are located in Alabama, Colorado, Florida, Georgia, Illinois, Missouri, New Jersey, New York, North Carolina, Ohio, South Carolina, Tennessee, Virginia, Michigan, and Wisconsin. The company continues to grow by acquiring a mix of private country clubs in residential communities, member‑owned clubs with growth potential seeking strategic alternatives, and premium daily‑fee and resort golf properties in major resort destinations and metropolitan markets. Guided by the principle of evolving the golf experience to the highest level, each individual club’s amenities and operational systems are tailored to augment its unique assets.
Job Summary:
The Fixed Asset and Lease Accountant is responsible for managing the company's fixed asset portfolio, including acquisition, depreciation, disposal of fixed assets and reporting of lease agreements. This role ensures accurate records, ensuring compliance with company policies, and GAAP.
Fixed Asset Accounting Key Responsibilities Asset Management:
Implement Sage Intacct Fixed Asset Accounting module.
Migrate existing Excel fixed asset accounting records to Sage Intacct Fixed Asset Module.
Ensure fixed assets and related depreciation and amortization are balanced to previous year’s reporting.
Depreciation and Amortization:
Calculate and record depreciation expense for fixed assets in accordance with GAAP and company policy.
Prepare and review monthly journal entries related to fixed assets and ensure accuracy.
Reporting:
Prepare fixed asset schedules and reports for internal and external stakeholders.
Assist in the preparation of financial statements, ensuring fixed asset data is accurately reflected.
Participate in weekly internal company Capital and Lease approval meetings ensuring compliance with budget and company policy.
Audits:
Support internal and external audits by providing necessary documentation and explanations regarding fixed assets.
Compliance:
Ensure compliance with relevant accounting standards (e.g., GAAP, IFRS) and related to fixed assets.
Stay updated on changes in regulations that may impact fixed asset accounting.
Work closely with other Club Operations to ensure timely and accurate asset management.
Provide support and training to staff on fixed asset policies and procedures.
Leases Accounting Key Responsibilities Lease Accounting:
Manage and account for all equipment lease agreements and finance leases.
Manage and account for all facility lease agreements.
Ensure compliance with accounting standards such as IFRS 16 or ASC 842, including lease classification, measurement, and recognition.
Record Keeping:
Maintain a comprehensive lease database, ensuring all lease terms, payment schedules, and renewal options are accurately recorded.
Update and monitor lease agreements, modifications, and terminations.
Maintain Lease Crunch Software for all lease agreements.
Journal Entries and Reconciliations:
Prepare and post monthly journal entries related to leases, including initial lease recording, depreciation and interest expense calculations.
Reconcile lease-related accounts and resolve discrepancies as necessary.
Assist in the preparation of financial statements and disclosures related to leases.
Generate and analyze reports on lease liabilities and right‑of‑use assets for management review.
Audit Support:
Support internal and external audits by providing documentation and explanations related to lease accounting.
Prepare audit schedules for lease accounts as required.
Compliance and Best Practices:
Ensure compliance with relevant regulations and company policies regarding lease accounting.
Stay updated on changes in accounting regulations and best practices related to lease management.
Work closely with operations to gather information and ensure proper lease management.
Provide guidance and training to staff on lease accounting policies and procedures.
Qualifications
Bachelor’s degree in Accounting, Finance, or a related field.
Minimum of 5 years of experience in accounting, with a focus on fixed assets preferred.
Strong understanding of accounting principles, fixed asset management, and lease accounting standards (IFRS 16/ASC 842).
Proficiency in accounting software (e.g., Sage Intacct, Lease Crunch) and Microsoft Excel.
Excellent analytical and organizational skills.
Attention to detail and ability to meet deadlines.
Strong communication and interpersonal skills.
Preferred Qualifications
CPA certification is a plus.
Seniority Level:
Director
Employment Type:
Full‑time
Job Function:
Accounting/Auditing
Industries:
Hospitality and Golf Courses and Country Clubs
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