Lease Administration Team Leader

Lease Administration Team Leader

Please Note : This is a hybrid role, and the successful candidate is expected to work from the Southern Company Corporate Headquarters in Atlanta a minimum of 4 days per week.

JOB SUMMARY:

Southern Power has a dedicated Lease Administration team responsible for management of our growing lease portfolio. The team oversees all accounting, payment obligations, and landowner relations for leases which requires collaborating closely with landowners, Southern Power Legal, and Southern Power Project Development. Each person on the team has routine responsibilities and assignments across multiple lease portfolios.

The Accounting Team Leader position will serve as lead accountant of the Southern Power Lease Administration team and will report to an Accounting Manager. This role will provide oversight and approval of month-end journal entry processing, balance sheet reconciliations, lease payment obligations, and landowner data changes. The Team Leader will also be the primary performer for new lease abstraction and portfolio setup within the lease administration and accounting software application, CoStar Real Estate Manager (“CoStar”), as well as the primary contact for lease-related financial data requests, audit inquiries, and financial reporting support.

Job Responsibilities:

• Performing set-up of all new leases and validation of lease data and attributes. This includes abstracting/gathering, verifying, and inputting data into CoStar

• Performing reviews of monthly lease journal entries, account reconciliations, and other financial data

• Approving lease payments(monthly, quarterly, and annually) and assisting with unclaimed property research

• Developing/updating ad hoc reports and forms as needed to support routine activities, accounting needs, and financial reporting needs

• Gathering necessary data to support SEC lease disclosures, partnership reporting needs, tax data requests, budget preparation, and audit data requests

• Creating and maintaining procedural documentation and training materials to support existing or newly established procedures

• Serve as a subject matter expert for all lease agreements, data, and the related software (CoStar)

• Providing guidance, performance evaluations, and mentoring to the Lease Administration team and assisting wherever needed

• Assisting the organization with other quarterly and annual internal control processes

Job Requirements:

Education

• Bachelor’s degree in accounting, finance, real estate, or a related field is required

• Advanced degree in accounting or a related field is a plus

• CPA license (or equivalent) is a plus

Experience, Knowledge, and Skills

• 2+ years of experience in lease administration, lease accounting, or a similar role is required

• Prior supervisor experience providing performance evaluations and mentoring staff is preferred

• The ability to abstract, interpret, and administer complex lease documents is critical

• A strong understanding of Generally Accepted Accounting Principles, especially ASC 842, and the ability to conduct financial analysis related to leases is required

• Experience using Oracle ERP accounting software is highly desirable

• Proficiency with lease administration and accounting software such as CoStar is highly desirable

• Proficiency with Microsoft Office Suite applications, especially Excel, is required

• Excellent analytical, problem-solving, and decision-making skills is required

• Ability to work in a fast-moving environment and manage multiple priorities is required

• Effective communication and people skills, capable of conveying financial information to non-financial colleagues and landowners, with the ability to collaborate with diverse teams is required

• Meticulous with an elevated level of accuracy and the ability to detect inconsistencies in data is required

• Ability to manage time effectively and work to tight deadlines is required

• Excellent analytical, organizational, and critical thinking skills are necessary

Behavioral Attributes

• Demonstrates behaviors consistent with the company's values of Safety First, Intentional Inclusion, Act with Integrity, and Superior Performance

• Must help to ensure a culture of inclusiveness exists throughout the team

  Southern Power , a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and other energy customers. Southern Power and its subsidiaries own 55 facilities operating or under construction in 14 states with more than 12,500 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, South Dakota, Texas, West Virginia, and Washington.

Southern Company (NYSE: SO ) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net-zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture has been recognized by a variety of organizations, earning the company awards and recognitions that reflect Our Values and dedication to service. To learn more, visit www.southerncompany.com .

Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf . Additional and specific details about total compensation and benefits will also be provided during the hiring process.

Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.

Job Identification: 15049

Job Category: Accounting & Auditing

Job Schedule: Full time

Company: Southern Power

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