Senior Accountant- TREND Intermodal Chassis Leasing

Hiring Company: TREND Intermodal Chassis Leasing

Founded in 2013, Trend Intermodal Chassis Leasing (Trend) is a chassis leasing company formed by a group of seasoned intermodal transportation industry professionals offering its customers high-quality, multi-loading capacity equipment on term leases. With a focus on high touch customer service, Trend offers alternative leasing solutions to the intermodal industry. Trend was recently acquired by ITE Management (ITE), an investment firm that targets real asset investments with strong cash yield and downside protection. Trend has nearly doubled in size over the previous two years and is poised to accelerate its growth trajectory even further with fresh capital infusion from its new majority owner through both organic growth and strategic acquisitions.

Parent Company: ITE (Majority Owner of Trend)

ITE Management L.P. was founded in 2014 and is an SEC-registered, alternative investment firm focused on transportation infrastructure. ITE has a strategic partnership with Blackstone Credit and Insurance, which includes a minority investment and a significant financing agreement to support ITE’s growth.  ITE seeks to invest in assets and strategies with consistent and low volatility cash flow streams through economic cycles and those with low correlation to traditional asset classes and uses a data centric approach to maximize investor value across our platform. ITE has offices in NYC, Chicago, St. Louis and Paris. The firm employs over 70 people and manages over $10B of industrial transportation assets. Due to the firm’s dynamic and forward-thinking approach, the capital commitments have tripled in the past three years.

Senior Accountant – Infrastructure Investments & Lease Accounting

About the Role:

We are seeking a Senior Accountant with 5-7 years of public and private accounting experience, specializing in lease accounting and ASC 842 compliance. This role will support the financial operations of infrastructure investment entities, including transportation and private partnerships. The ideal candidate will have strong technical accounting expertise, experience managing lease agreements under ASC 842, and familiarity with investment-driven infrastructure operations.

Key Responsibilities:

Financial Reporting & Accounting

• Prepare and review financial statements in compliance with GAAP, IFRS, and ASC 842 lease accounting standards.
• Manage general ledger, month-end and year-end close processes, and financial consolidation for infrastructure investment entities.
• Oversee capital expenditures, depreciation, and asset retirement obligations for transportation assets.
• Ensure proper accounting for private partnerships and structured investment vehicles.

Lease Accounting & ASC 842 Compliance

• Lead the implementation and ongoing compliance with ASC 842, ensuring accurate recognition, measurement, and reporting of right-of-use (ROU) assets and lease liabilities.
• Maintain and manage lease accounting software for lease classification, modifications, and remeasurements.
• Prepare and review lease disclosures for financial statements and regulatory reporting.
• Work closely with asset management teams to evaluate lease agreements and ensure proper accounting treatment.

Budgeting, Forecasting & Analysis

• Assist in budgeting, forecasting, and financial modeling.
• Analyze the financial impact of lease transactions.
• Support investment and finance teams in evaluating project finance and capital investment strategies.

• Strengthen internal controls and accounting policies related to infrastructure investments and leasing.

Stakeholder Collaboration

• Work closely with investment managers, asset managers, and financial leadership to align lease strategies with business objectives.
• Support investor reporting and fund accounting activities.

• Bachelor’s degree in Accounting, Finance, or related field (CPA, CA, or equivalent certification preferred).
• 5-7 years of experience in both public and private accounting, with exposure to infrastructure investments and lease accounting.
• Strong knowledge of ASC 842 lease accounting standards and financial reporting.
• Experience with ERP systems and lease accounting software (EZ Lease, CoStar, LeaseQuery, or similar).
• Advanced proficiency in Excel, financial modeling, and data analysis.
• Strong understanding of GAAP, IFRS, and investment accounting principles.
• Ability to work in a fast-paced environment, manage multiple priorities, and meet deadlines.
• Should be based in or willing to travel to New Jersey (close proximity to office is a plus).

• Health Care Plan
• Retirement Plan (401k)
• Paid Time Off (Vacation, Sick & Public Holidays)
• Short Term Disability
• Workers Compensation Insurance
• Training & Development
• Wellness Resources