Lease Accounting Team Lead.

Job description

At ABB, we help industries run leaner and cleaner—and every person here makes that happen. You’ll be empowered to lead, supported to grow, and proud of the impact we create together. Join us and help run what runs the world. This Position reports to: Accounting & Reporting Manager - General Accounting Lease Accounting Team Lead. Take your next career step at ABB with a global team that is energizing the transformation of society and industry to achieve a more productive, sustainable future. At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity and generations. Together, we are embarking on a journey where each and every one of us, individually and collectively, welcomes and celebrates individual differences. You will be working as Team Lead and will be reporting to Accounting & Reporting Manager – GA and will be a part of Bangalore, India. In this role you will be primarily responsible for leading a group or team focused on the complete, accurate, and timely completion of Lease Accounting & Reporting and related activities within the General Accounting (GA) team. Ensure compliance with internal guidelines and procedures as well as external regulatory requirements. Lease Accounting Operations Lead end-to-end accounting activities for global entities. Ensure accurate accounting and reporting of lease contracts in compliance with IFRS 16 and/or ASC 842. Review lease classifications, calculations, remeasurements, modifications, and terminations. Validate right-of-use (ROU) asset and lease liability calculations. Manage month-end, quarter-end, and year-end lease accounting close activities. Monitor lease capitalization and amortization schedules. Financial Reporting & Compliance Ensure compliance with internal controls, accounting policies, and statutory requirements. Prepare and review lease-related journal entries, reconciliations, and financial disclosures. Support internal and external audits by providing accurate documentation and explanations. Maintain SOX and compliance controls related to lease accounting processes. Team Leadership Lead, coach, and develop the lease accounting team. Allocate workloads and monitor team performance against KPIs and SLAs. Conduct performance reviews and support employee development plans. Drive a culture of continuous improvement and operational excellence. Stakeholder Management Collaborate with business units, real estate teams, procurement, legal, and controllers. Act as the primary point of contact for lease accounting matters. Support global finance and business stakeholders with accounting guidance. Manage escalations and resolve complex accounting issues. Process Improvement & Automation Identify opportunities to improve efficiency through standardization and automation. Lead system enhancement projects and process transformation initiatives. Support implementation and optimization of lease accounting tools (CoStar, Trintech Cadency). Develop and maintain process documentation and SOPs. Governance & Controls Ensure adherence to financial controls and company policies. Monitor aging items, reconciliation exceptions, and control failures. Track and report operational metrics to management. Required Qualifications A master’s degree in accounting, Finance or Commerce (MBA/Mcom) is must. Minimum 8 to 10 years of experience in Lease Accounting and Record to Report GA. Strong knowledge of IFRS 16, ASC 842, and financial reporting requirements. Experience leading teams in a shared service, GBS, or multinational environment. Building a cleaner, smarter future takes all kinds of minds: the curious, the courageous, and the creative. We welcome people from all backgrounds and experiences. Ready to make an impact? Apply today or visit www.abb.com to learn more about the impact of our solutions across the globe. Recruitment Fraud Warning ABB never asks for payment from job applicants. All genuine job offers follow a formal application and interview process. View current job openings and apply at: https://careers.abb/global/en/home For more information, read our full fraud warning notice at: https://global.abb/group/en/careers/how-to-apply/fraud-warning