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Technical Lease AND Capital Accounting Manager

2 months ago

Marlborough, United States BJ's Wholesale Club Full time

Join our team of more than 34,000 team members, supporting our members and communities in our Club Support Center, 235+ clubs and eight distribution centers. BJs Wholesale Club offers a collaborative and inclusive environment where all team members can learn, grow and be their authentic selves. Together, were committed to providing outstanding service and convenience to our members, helping them save on the products and services they need for their families and homes.

The Benefits of working at BJs

BJs pays weekly

Eligible for free BJ's Inner Circle and Supplemental membership(s)*

Generous time off programs to support busy lifestyles*

o Vacation, Personal, Holiday, Sick, Bereavement Leave, Jury Duty

Benefit plans for your changing needs*

o Three medical plans**, Health Savings Account (HSA), two dental plans, vision plan, flexible spending

*eligibility requirements vary by position

**medical plans vary by location

Technical Lease and Capital Accounting Manager

The successful applicant will have a role leading the technical lease and capital accounting functions within Finance. Primary responsibilities will include reviewing technical lease accounting transactions, collaborating with Real Estate, Property and Development, Facilities, Legal, and other departments internally to gain insight into the Companys projects (including those with capital- and lease-related implications) and the ongoing maintenance of those associated assets. The applicant will play a key role in the monthly close process, as well as quarterly and year end reporting. The applicant should possess the ability and confidence to work well with a broad range of stakeholders to ensure information is shared in a timely, accurate, and complete fashion. This includes gathering information from the aforementioned teams, as well as sharing updated information back with them.

Core Responsibilities:

  • Collaborate with Real Estate and Development teams to gather necessary information about the progress of our capital projects (such as construction status, fair market value estimates, timing of landlord reimbursements, etc.) to determine both lease and capital accounting implications
  • Own the review of ASC 842 transaction files for lease commencements, modifications, sale- leasebacks (including failed sale-leasebacks), and the research and documentation process for technical questions that may arise
  • Maintain processes in Capital Control, including but not limited to:
    • Reviewing transactions processed by the Company for capitalization vs expense accounting treatment
    • Reviewing the settlement of assets under construction as they are placed into service
    • Reviewing the retirement of assets, as well as the potential impact to the P&L
  • Act as the main point of contact with our property development and maintenance teams for reporting needs that arise
  • Participate in the month end close for both Leasing and Capital Control, including reviewing journal entries, reconciliations, critical spreadsheets, key controls, etc.
  • Act as a point of contact for internal and external audit requests related to technical Leasing and Capital Control
  • Perform other duties or projects as necessary in the management of files related to technical Leasing and Capital Control

Qualifications:

  • 2 to 5 years of relevant work experience (preferably with the Big 4), with exposure to Technical Leasing (ASC 842) and/or Capital Control
  • Certified Public Accountant required
  • Experience with technical accounting research required
  • Degree in Business Administration, Accounting or other business discipline required
  • Must be comfortable to manage multiple priorities in a fast-paced, high-volume environment
  • Advanced Microsoft Excel skills, proficient in the entire Microsoft Office suite
  • High level of attention to detail
  • Excellent organizational skills and multi-tasking abilities (e. g., time management and efficiency)
  • Strong analytical skills (e. g., identify and research issues)
  • Excellent written, interpersonal, and communication skills
  • Self-motivated and results driven
  • Ability to work independently and within a team to build relationships and interact effectively with business partners.
In accordance with the Pay Transparency requirements, the following represents a good faith estimate of the compensation range for this position. At BJs Wholesale Club, we carefully consider a wide range of non-discriminatory factors when determining salary. Actual salaries will vary depending on factors including but not limited to location, education, experience, and qualifications. The pay range for this position is starting from $109,000.00.