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Supervisor, Lease Accounting

5 months ago

Saint Louis, United States Build-A-Bear Full time
Job DescriptionJob Description

At Build-A-Bear we believe in the power of imagination, creativity, and memorable experiences. Our mission is to add a little more heart to life by creating unique experiences, lasting connections, and beloved memories that create lasting emotional connections. We are a multi-channel, site-based experience and entertainment company, with diversified categories and consumer segments. We are seeking a strategic and inspirational Supervisor Lease Accounting to join our dynamic team.

The Supervisor Lease Accounting role will ensure landlord information concerning monthly statement balances and annual statements showing changes to payment structures are processed by the Lease Accounting team. This involves the use of Lucernex under ASC842 to review monthly base rent and percent rent expense and review journals entries prepared by the Lease Accounting team to record expense amounts in the general ledger system. Ensure payments are processed for base rent, other rent, and percent rent in a timely manner. Partner with the merchant and royalty teams to obtain and review royalty contracts to ensure licensor royalty data is set-up correctly in the system and review all royalties are properly calculated, recorded to the general ledger, and paid to licensors.

Responsibilities:

  • Review changes to the royalty contract data warehouse system to ensure the Company is following the terms of the contract.
  • Review changes to Lucernex system to ensure the Company is following the terms of the contract.
  • Work with the Accounting and Royalty teams to respond to audit inquiries from licensors.
  • Review reports from Lucernex used to prepare journal entries from the accounting team to record rent within the general ledger system. Review these same reports used to pay base rent, other rent, percent rent, to ensure timely payment. Review journal entries from the accounting team to record royalties within the general ledger system. Review royalty contracts used to pay royalties to ensure timely payment.
  • Work with the Accounting and Royalty teams to respond to ad hoc inquiries from landlords and licensors.
  • Manage the audits of royalties by licensors.

Required Qualifications:

  • Bachelor's degree in accounting or finance
  • 3-4 years of experience with lease and royalty contracts

Preferred Qualifications:

  • Master's degree in accounting or finance with a CPA or CPA eligible.
  • 5-6 years' experience using a lease accounting system to process rent under ASC842 and produce reports to record base rent, other rent, and percent rent.
  • Experience using a lease accounting system to run reports to prepare journal entries to record base rent, other rent, and percent rent expense in the general ledger. Experience reading and analyzing lease agreements.

Behavioral Traits for Success:

  • Above average attention to details, concern for the exact correctness of work, and strong commitment to tasks completed on time.
  • The person in this position will take work seriously, has a strong sense of duty, and is disciplined.

Working Environment:

  • Typical office environment with climate control and sufficient lighting, ergonomic desk/chairs
  • Corporate Office located St. Louis, MO

Corporate Standards:

  • Transparent communication - explain your methods, how data is used and applied.
  • Available and willing to address concerns and questions.
  • Trust your teammates and work together to achieve common goals. Seek the opinions of others. Take accountability for your actions.
  • Acknowledge success, recognize individual and team contributions, and have fun along the way.

Your Performance Will Measured On:

  • Timely and accurate work completion
  • Direct report performance
  • Stakeholder feedback
  • Use of leasing system
  • Professionalism

This description is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent an expressed or implied contract of employment, nor does it alter your at-will employment, and Build-A-Bear, Inc. reserves the right to change this job description and/or assign tasks for the employee to perform, as may deem appropriate.