Manager of Lease Accounting (MD)
Job Location: North Bergen, NJ
Global luxury brand located in North Bergen is seeking a Manager of Lease Accounting for a newly created division. This individual will play an important role in the implementation of FASB ASC 842, compliance with GAAP (SOX 404 and COSO), and day to day lease accounting. The role provides support and collaborates with global and cross functional teams to manage the worldwide lease accounting and reporting real estate portfolio. Successful candidate should have public accounting experience from a technical perspective. Manage accounting and reporting functions related to percentage rent calculations, lease accounting disclosure requirements, SEC reporting. Collaborate with international entities to satisfy any statutory accounting and reporting requirements. Liaise with internal and external audit, manage and review auditor requests. Implement and maintain global lease policy and standard operating procedures. Timely and accurately prepare journal entries in accordance with monthly close process, including percentage rent. Responsible for accounting in accordance with GAAP including the completeness and accuracy of the lease population (as well as potential for embedded leases), review of discount rate and reconciliation of ROU Asset, Lease Liability, other occupancy type accounts. Assist in addressing technical lease accounting and operational matters including contract/ lease review, assessing lease type, determination of possession dates, impact of options and terms, and accounting for lease components in accordance with ASC 842.
Big 4 Experience or Public Accounting with Retail Experience. Certified Public Accountant (CPA) or equivalent credential. Experience with technical accounting and systems implementation. 4-8 years of progressive accounting experience.
Please contact Marc Devito at email@example.com
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