Lease Accounting Associate

Date: Sep 12, 2023

Location: Budapest, HU, 1095

Company: IFF Family of Companies

Job Description

  • Coordinate with respective Reporting Units worldwide to collect documents and data related to leasing activity such as entering into new leases, extensions, renewals, amendments, terminations, etc.
  • Read and interpret lease contracts and related documents to extract data elements relevant to lease accounting and enter into Lease Accelerator, the company’s SAP-based lease accounting system
  • Maintain lease data elements and documentation within Lease Accelerator in a complete and accurate manner, including identification missing elements
  • Prepare and communicate pro-forma lease accounting journal entries to each of Flowserve’s site locations for local posting each month
  • Prepare monthly account reconciliations for lease accounting, including payment clearing accounts · Work with global site locations to resolve significant discrepancies noted during the reconciliation process
  • Prepare quarterly lease accounting disclosure reports for the 10-Q and 10-K
  • Participate in continuous improvement processes, including identification of needed system modifications, process changes and cost savings opportunities
  • Respond to requests from internal and external auditors
  • Perform other duties as assigned or directed to ensure the smooth operation of the Centralized Lease Function
  • Other duties as ordered by the direct manage

Job Requirements

  • Excellent English skills both verbal and written
  • Preferred 3-4 years of relevant experience
  • Hungarian language knowledge is preferred
  • A good understanding of general accounting processes
  • Knowledge of accounting standards – primarily ASC842
  • Intimate knowledge of Co-Star
  • University degree
  • Intermediate Microsoft Office skills, with an emphasis on Excel
  • A good understanding of ERP (SAP ECC) system experience advantageous
  • Ability to work in a fast paced environment while maintaining accuracy and providing top
  • notch customer service
  • Being a team player with a can-do-mentality
  • Critical thinking is a must
  • Certified Lean Six Sigma is advantageous


  • HO opportunity from the beginning (3 days/week)
  • Professional onboarding process
  • Multinational and supporting environment
  • Cafeteria, health insurance
  • Training opportunities
  • Language learning opportunity
  • Learning and development programs
  • Team buildings
  • Energetic and supportive team
  • Annual bonus

About IFF

With the beauty of art and the precision of science, we are an international collective of thinkers who partner with customers to bring scents, tastes, experiences, ingredients and solutions for products the world craves.

As a global leader in food, beverage, health, biosciences and sensorial experiences, we do a lot and continually innovate to do it better.

For more than 130 years we’ve been focused on finding the most innovative solutions to help bring “better for you” products to market. While we have grown over the years, we remain agile in our approach and put our customers’ needs at the forefront of our thinking.

We offer end-to-end service that few can deliver on. Our unparalleled product portfolio is the most robust in the industry and we have leadership positions across key taste, texture, scent, nutrition, enzymes, cultures, soy proteins and probiotics categories.