Lease Accounting Remediation Director

The mandate

The Interim Director will repair lease accounting where completeness, modification capture and calculation evidence no longer provide sufficient confidence. The assignment begins with a controlled inventory challenge and ends when internal owners can operate a reliable quarterly process. It is not a lease-administration outsourcing arrangement and does not extend to commercial renegotiation of contracts.

During the first fifteen working days, the Director will reconcile known lease populations against independent indicators, sample the path from executed terms to accounting records and identify where modifications, reassessments or embedded arrangements are lost. Immediate authority covers evidence requests, risk-based holds on unsupported adjustments and the scheduling of remediation work. The Corporate Controller approves accounting conclusions and corrections above delegated materiality.

The remediation must address more than arithmetic. It will clarify who determines completeness, how non-standard terms enter technical review, what constitutes evidence of a change, how discount assumptions are governed and how movements reconcile period to period. Exceptions will be prioritised by financial exposure and control consequence rather than by ease of correction.

By month three, the highest-risk population and calculation issues should be corrected or under approved resolution. The remaining term will prove new controls across at least two reporting points, document unresolved matters and prepare a nominated lease-accounting owner. Reverse-shadow testing will require that owner to investigate seeded discrepancies and explain material movements without relying on the interim.

The assignment excludes contract negotiation, property strategy, platform procurement, tax treatment and permanent team design. Handover comprises an accepted population-control protocol, technical decision tree, movement reconciliation, issue register and owner assessment. Extension cannot be used merely because management deferred its participation in knowledge transfer.

What you will own

• Reconcile the recorded lease population to independent contractual, payment and operational indicators, documenting completeness exceptions.
• Triage modifications, term reassessments, variable payments, discount-rate issues and potential embedded arrangements by risk.
• Correct approved accounting errors with traceable before-and-after evidence and clear treatment of comparative consequences.
• Establish a quarterly movement reconciliation connecting additions, changes, terminations, payments, interest, depreciation and currency effects.
• Design control ownership for new agreements, modifications, technical review, calculation approval and disclosure inputs.
• Demonstrate two reporting points in which exceptions are identified, investigated and resolved within agreed thresholds.
• Train and test a nominated internal owner through live cases and deliberate exception scenarios.
• Record recommendations outside lease-accounting remediation without initiating commercial, tax or systems work.

Candidate qualifications

• Show direct leadership of an ASC 842 or IFRS 16 remediation involving both population completeness and measurement quality.
• Describe how you found leases or modifications that the existing intake process had missed and quantified the exposure.
• Evidence command of term, discount rate, modification, impairment and embedded-lease judgments at reviewer depth.
• Provide a movement reconciliation you designed and explain which variance exposed the underlying control failure.
• Demonstrate disciplined correction governance where remediation affected prior-period or disclosure conclusions.
• Show an interim handover that tested an internal owner’s ability to investigate anomalies independently.
• Explain how you kept property, procurement, tax and technology requests from obscuring the accounting objective.

Working terms and boundaries

• The appointment lasts seven months at five days weekly and is expected to cover diagnosis, correction, two control proofs and handover.
• The day rate includes hybrid working and planned close support; unplanned travel requires prior agreement.
• The Director may require evidence and recommend corrections but cannot renegotiate leases or approve reserved accounting conclusions.
• A maximum two-month extension requires a specific control-transfer gap and written approval; workload volume alone is insufficient.
• Commercial lease management, system acquisition, tax advice and permanent staffing are outside scope.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 6 October 2026. Mandate reference FNA-INT-2026-TOR-10.