Lease Accountant

KnitWell Group; Fort Myers (FL); On-site; USD 60,000 - 76,000; Full time

Benefits offered by this job

Merchandise discount at KnitWell Group

Career development opportunities

Volunteer and philanthropic activities

Medical, dental, vision insurance & 40

401(K)

Job summary

KnitWell Group is seeking a Staff Accountant – Lease Accounting to ensure accurate occupancy costs in financial statements and to prepare schedules for monthly closings. You will manage the lease system and ASC 842 compliance across multiple brands.

The role collaborates with Corporate Finance, FP&A, Real Estate Finance, Store Operations, and external auditors. On-site at our Fort Myers, FL office with opportunities for growth and development.

Qualifications

• Bachelor’s degree in accounting or equivalent.
• 2–3 years accounting experience.
• Basic knowledge of GAAP and financial reporting.
• Proficiency with MS Excel and ERP systems.

Responsibilities

• Maintain lease accounting system (Lucernex) including ROU assets and Lease Liability.
• Update ASC 842 schedules for amendments, modifications and closures.
• Prepare monthly account analyses, reconciliations and journal entries.
• Process monthly accruals and posting corrections.
• Support ad hoc reporting requests and audits.
• Develop process improvements within the department.

Skills

Excel proficiency

SAP

Hyperion

Lucernex

Oracle

GAAP knowledge

Analytical thinking

Communication

Education

Bachelor's degree in accounting

Tools

SAP

Hyperion

Lucernex

Oracle

Job description

About us

KnitWell Group, a specialty retail operating company, comprises some of the most iconic brands in America – Ann Taylor, Chico's, Haven Well Within, Lane Bryant, LOFT, Soma, Talbots, White House Black Market. Individually, our brands are unique and strong. Together, we are powerful.Our common thread is our commitment to create exceptional products, provide memorable experiences, and achieve superior results. Our associates are innovators who thrive through collaboration and are dedicated to excellence. At the heart of it all are the customers we serve. We are dedicated to creating fashion that not only looks good but also makes our customers feel good.

Staff Accountant – Lease Accounting

About the role

The Staff Accountant – Lease Accounting is primarily responsible for the accounting accuracy of occupancy costs within the Company’s financial statements as well as the preparation of various schedules, reconciliations, and account variance analyses relating to the monthly closing process.

The impact you can have

• Maintain the lease accounting system, Lucernex, including recording of ROU assets, Lease Liability, Tenant Allowances and the related accounts in a timely matter.


• Responsible for the monthly review and update of all ASC 842 schedules pertaining to lease amendments, modifications and closures in accordance with the executed lease documents and FASB ASC 842 requirements.


• Responsible for providing timely and accurate monthly account analyses, reconciliations and journal entry preparation.


• Review and process monthly accruals, coding requests, and posting errors


• Manage ad hoc reporting requests.


• Research certain technical accounting issues as they relate to the current role and develop process improvement efficiencies in the department.


• Maintain processes and procedures to ensure adherence to Lease Accounting and other corporate accounting policies.


• Regular interaction with various departments including Corporate Finance & FP&A; Real Estate Finance & Store Development; Store Operations; Corporate/Store Facilities Management; Accounts Payable; internal & external Tax & Audit partners


• Develop an understanding of Accounting’s workflow processes and the interdependency between other Departments in meeting monthly closing goals. Also develop a working relationship with the other brands to facilitate information sharing and to understand who our internal customers are and what their needs are.


• Work on special projects independently and as part of a team, meet deadlines and present results to management.


• Develop a continuous level of proficiency with a financial and information systems as they relate to the department.


• Assist with Audit Requests from independent auditors.

You’ll bring to the role

• Bachelor’s degree in accounting


• 2-3 years accounting experience


• Basic knowledge of GAAP


• Proficiency with MS Office applications, specifically Excel


• Highly motivated self-starter


• Strong problem-solving skills


• Ability to accept and adapt to a changing environment


• Strong organizational and communication skills


• Experience with SAP and Hyperion


• Experience with Lucernex


• Experience with Oracle

Benefits

• You will be eligible to receive a merchandise discount at select KnitWell Group brands, subject to each brand’s discount policies.


• Support for your individual development plus opportunities for career mobility within our family of brands.


• A culture of giving back – local volunteer opportunities, annual donation and volunteer match to eligible nonprofit organizations, and philanthropic activities to support our communities.*


• Medical, dental, vision insurance & 401(K).*


• Employee Assistance Program (EAP).


• Time off – paid time off & holidays.*

*Any job offer will consider factors such your qualifications, relevant experience, and skills. Eligibility of certain benefits and associate programs are subject to employment type and role.

This position works on-site at least 3 days per week consistent with the needs of the business at our Chico’s FAS office location in Ft Myers, FL. NOTE: We could also consider basing this role from our Talbots office in Hingham, MA.

Applicants to this position must be authorized to work for any employer in the US without sponsorship. We are not providing sponsorship for this position.

#LI-MJ1

Location:

Corporate Office Fort Myers, FL 33966

Position Type:

Regular/Full time

Equal Employment Opportunity

The Company is an equal opportunity employer and welcomes applications from diverse candidates. Hiring decisions are based upon a candidate's qualifications as they relate to the requirements of the position under consideration and are made without regard to sex (including pregnancy), race, color, national origin, religion, age, disability, genetic information, military status, sexual orientation, gender identity, or any other category protected by applicable law. The Company is committed to providing reasonable accommodations for job applicants with disabilities. If you require an accommodation to perform the essential duties of the position you are seeking or to participate in the application process, please contact [e-mail]. The Company will make reasonable accommodations for otherwise qualified applicants or employees, unless such accommodations would impose an undue hardship on the operations of the Company’s business. The Company will not revoke or alter a job offer based on an applicant’s request for reasonable accommodation.