Financial Analyst, Lease Accounting (Remote)

As a Financial Analyst, Lease Accounting on the property accounting team this role will primarily own the daily accounting operations and reporting activities for a portion of the company’s store fleet.  Additionally, the financial analyst responsibilities include accurately accounting for Designer Brands Store Occupancy, Distribution Center Occupancy, Fulfillment Center Occupancy, and other lease accounting reporting in a fast-paced retail environment This position is responsible for partnering closely with the Designer Brands Real Estate, third party lease administrator, and FP&A teams to ensure lease related activity is accurately projected and accounted for in accordance with ASC 842. In addition, this role will also be responsible for assisting with various aspects of the company’s capital expenditure accounting process and reporting, as needed.

This position requires a detail-oriented individual with the ability to analyze significant volumes of financial information. Candidates must possess the ability to thrive in an environment of complex calculations/systems. The selected candidate will assume responsibility for accuracy and timeliness of work and have excellent organizational and time management skills. Excellent verbal and written communication skills and the ability to prioritize multiple tasks are required.

Reports To: Supervisor, Lease Accounting

Essential Duties and Responsibilities:

• Review and process lease payments
• Month end close activities related to lease accounting and capital expenditures
• Track and reconcile contractual lease obligations to actual monthly lease payments
• Prepare month end journal entries and account reconciliations
• Review lease agreements and validate relevant deal terms have been abstracted accurately
• Review lease liability/amortization schedules against lease agreements for accuracy and coordinate with third party lease administrator regarding any corrections needed
• Prepare related Occupancy projections for assigned business cost centers
• Perform monthly analyses to ensure occupancy expenses are in line with projection/budget and understand and anticipate upcoming variances, as applicable
• Meet with business partners to align on accounting treatments for stores regarding tenant allowances, co-tenancy, late delivery fees, etc.
• Prepare consolidated lease disclosures for financial statements and related audit support
• Work with FP&A and the Designer Brands Real Estate team to align on accounting treatments for stores regarding tenant allowances, co-tenancy, late delivery fees, etc.
• Prepare/assist with ad hoc analyses as requested
• Assist as needed with various fixed asset accounting processes

Required Skills:

• Financial acumen
• Partnership
• Accounting Research
• Process Enhancement
• Prioritization
• Sense of personal accountability
• Ad hoc analyses
• Positive attitude
• Willingness to learn and adapt to changing environment

Competencies:

SETTING GOALS – Creates and follow effective plans. Anticipates risks, creates contingency plans. Aligns plans with goals. Allocates adequate resources. Accepts and supports change. Willing to take risks and suggests new ideas, approaches. Takes initiative. Seeks out learning activities.

WORKING WITH OTHERS – Clearly articulates own, other’s goals. Promotes a team atmosphere by demonstrating humility and respect. Builds effective relationships, relates well to others. Delivers and responds to feedback in a constructive manner. Considers multiple perspectives. Handles conflict, pressure, uncertainty and adapts independently. Meets commitments. Dedicated to working with business partners on their expectations.

GETTING RESULTS – Personally accountable for work performance targets and achieving results. Prioritizes well. Anticipates and handles obstacles effectively. Makes good, timely decisions. Can simplify and process complex problems. Understands underlying issues and addresses root causes. Meets deadlines, works until finished.

Qualifications:

Experience:

• 2+ years of experience in Accounting

Preferred Qualifications:

• 842 Lease Accounting experience
• Public Accounting background
• CPA licensure

Education:

• Bachelor’s Degree in Accounting

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