Senior Accountant- Lease Accounting
4 days ago
The Senior Accountant- Lease Accounting is responsible for account analysis with a concentration in lease accounting. This includes preparation of schedules within lease accounting software, to be utilized in calculation of journal entries and forecasting/planning processes. In this role, you would also work with operational departments to facilitate upload of accruals to the general ledger, obtain variance analysis for month end close, and assist with preparation of financial statements and disclosures.
A Day In The Life
- Develop understanding of appropriate accounting treatment of all leases in accordance with Generally Accepted Accounting Principles (GAAP) Accounting Standards Codification 842: Leases.
- Reviews contracts to assess for lease or non- lease classification
- Perform finance vs. operating lease testing to determine accounting classification and treatment of all executed leases and modifications
- Perform monthly close and analysis for financial accounting. Prepare journal entries and accrual calculations. Conduct variance analysis, investigate, and analyze drivers. Ensure data integrity by identifying errors/trends in accounting data to improve accuracy, timeliness, and general flow of accounting data.
- Preparing plans/forecasts for occupancy expenses. Analyze and review forecast to actual results on both consolidated level and by location and department. Prepare summarized variance explanations.
- Prepare financial analysis on specific lease deals on as needed basis for Financial Planning & Analysis and Profit Improvement Center departments
- Prepare work papers and roll forwards, supporting schedules and documentation to support month end close.
- Assist functional areas by providing data, aid in preparation of monthly journal entries, provide guidance on proper coding of invoices and allocation of costs and maintaining proper accounting policies. Assist with ad-hoc reporting
- Bachelor's Degree in Finance or Accounting
- 3+ years of relevant work experience
- Proficiency in Microsoft Excel
- Knowledge of accounting process, procedures, and financial statements
- Knowledge of basic lease accounting principles and terminology
- Lucernex (Lease Accounting Software)
- Oracle Financials
- Cognos Business Intelligence
LI-KG2
Come join our team. You're going to like it here
You will enjoy competitive wages, flexible hours, and an associate discount. Burlington's benefits package includes medical, dental and vision coverage including life and disability insurance. Full-time associates are also eligible for paid time off, paid holidays and a 401(k) plan. We are a rapidly growing brand and provide a variety of training and development opportunities so our associates can grow with us. Our teams work hard and have fun together Burlington associates make a difference in the lives of customers, colleagues, and the communities where we live and work every day. Burlington Stores, Inc. is an equal opportunity employer committed to workplace diversity.
Individual pay decisions will be based on a variety of factors, such as but not limited to, qualifications, education, job-related skills, relevant experience, and geographic location.
Min-Mid $65,000.00 - $80,000.00
Posting Number R101497
Location New Jersey-Burlington
Address 1830 Route 130 North
Zip Code 08016
Pay Rate Salaried
Career Site Category Corporate
Position Category Accounting
Job Type Full-Time
Remote Type Hybrid
Evergreen No
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