WORLDPAC
Senior Accountant, Capital Projects & Lease Transformation
WORLDPAC, Oakbrook Terrace, Illinois, United States
Senior Accountant, Capital Projects & Lease Transformation
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Senior Accountant, Capital Projects & Lease Transformation
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WORLDPAC
About WORLDPAC WORLDPAC is a recognized leader in the automotive aftermarket distribution industry, delivering premium products and innovative solutions across North America. As we navigate an exciting carve‑out from a public company, we’re building a modern, agile finance organization designed for the future.
Position Summary As the Senior Accountant for Capital Projects & Lease Transformation, you will play a critical role in ensuring the accuracy, completeness, and compliance of our financial reporting. You will lead complex accounting activities across capital projects, fixed assets, and leases, applying the appropriate GAAP guidance — including ASC 360, ASC 350, ASC 842 and related capitalization rules.
You’ll partner closely with business and process owners to ensure operational efforts translate into accurate financial results while contributing to the modernization of our accounting processes and systems.
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, 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.
What You Bring
Bachelor’s degree in Accounting, Finance, Commerce, or a related field.
4+ years of progressive accounting experience, including substantial exposure to capital projects, fixed asset accounting, and lease accounting.
Strong working knowledge of ASC 360, ASC 350, ASC 842 and GAAP capitalization criteria.
Proven experience with month‑end close, reconciliations, and financial reporting for fixed assets and leases.
Ability to determine appropriate capitalization vs. expense treatment under GAAP for various project and asset types.
Excellent organizational, analytical, and problem‑solving skills with the ability to interpret data, identify trends, and propose improvements.
Strong communication and relationship‑building skills across departments and functional areas.
Proficiency in Excel, Word, Oracle Fusion, and CoStar.
Familiarity with automation tools, workflow enhancements, or process improvement initiatives is a plus.
Experience supporting internal/external audits and SOX compliance requirements.
Posted Salary Range USD $66,000.00 – USD $88,000.00 /Yr.
Seniority level Not Applicable
Employment type Full‑time
Job function Finance
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Senior Accountant, Capital Projects & Lease Transformation
role at
WORLDPAC
About WORLDPAC WORLDPAC is a recognized leader in the automotive aftermarket distribution industry, delivering premium products and innovative solutions across North America. As we navigate an exciting carve‑out from a public company, we’re building a modern, agile finance organization designed for the future.
Position Summary As the Senior Accountant for Capital Projects & Lease Transformation, you will play a critical role in ensuring the accuracy, completeness, and compliance of our financial reporting. You will lead complex accounting activities across capital projects, fixed assets, and leases, applying the appropriate GAAP guidance — including ASC 360, ASC 350, ASC 842 and related capitalization rules.
You’ll partner closely with business and process owners to ensure operational efforts translate into accurate financial results while contributing to the modernization of our accounting processes and systems.
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, 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.
What You Bring
Bachelor’s degree in Accounting, Finance, Commerce, or a related field.
4+ years of progressive accounting experience, including substantial exposure to capital projects, fixed asset accounting, and lease accounting.
Strong working knowledge of ASC 360, ASC 350, ASC 842 and GAAP capitalization criteria.
Proven experience with month‑end close, reconciliations, and financial reporting for fixed assets and leases.
Ability to determine appropriate capitalization vs. expense treatment under GAAP for various project and asset types.
Excellent organizational, analytical, and problem‑solving skills with the ability to interpret data, identify trends, and propose improvements.
Strong communication and relationship‑building skills across departments and functional areas.
Proficiency in Excel, Word, Oracle Fusion, and CoStar.
Familiarity with automation tools, workflow enhancements, or process improvement initiatives is a plus.
Experience supporting internal/external audits and SOX compliance requirements.
Posted Salary Range USD $66,000.00 – USD $88,000.00 /Yr.
Seniority level Not Applicable
Employment type Full‑time
Job function Finance
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