Lease Audit Manager

Inside Lvmh; California (MO); Hybrid; USD 99,000 - 132,000; Full time

Benefits offered by this job

Caring Community

Fulfilling Path

Meaningful Work

Health benefits

401k with match

Paid time off

Growth and development

Merchandise discounts

Job summary

Sephora in the United States seeks a Lease Audit Manager to lead US & Canadian lease audit and co-tenancy programs, enforcing lease provisions with landlords and auditing reconciliation invoices to identify overcharges. You will negotiate settlements for large rent reconciliations and coordinate with accounting for documented savings.

The role requires 5-8 years in Lease Compliance or Auditing, a Bachelor’s in Business/Accounting/Finance, and CPA preferred, with strong analytical and

Qualifications

• Bachelor's degree in Business, Accounting, or Finance (strongly preferred).
• CPA certification (strongly preferred).
• 5-8 years of retail experience, ideally with Lease Compliance and/or Auditing.
• Strong reporting and analytical skills with high attention to detail.

Responsibilities

• Manage US & Canadian lease audit & co-tenancy programs.
• Enforce lease provisions between Sephora and landlords in a timely, accurate manner.
• Audit landlord reconciliation invoices for CAM, taxes, insurance, utilities, percent rent, etc., and identify overcharges.
• Negotiate, settle, and collect multi-million dollar rent reconciliations, coordinating with Accounting and other internal teams to document savings.
• Respond to ad hoc Lease Compliance requests and support radius restriction tracker updates.

Job description

Your safety matters to us.

All official Sephora US recruitment emails will come from a @sephora.com email address. We will never interview via text, ask you to download unfamiliar software, or request sensitive personal information such as your SSN or banking details via email,phoneor text. Learn more about Sephora on our official careers site inside-sephora.com, and search for verified US roles at join.sephora.com.

Belong to Something Beautiful

At Sephora, beauty is about feeling seen, valued, and empowered, individually and collectively. It is connecting deeply with others, celebrating diversity and inclusivity, unlocking your potential, and making a difference every day. Together, we belong to something beautiful.

Your Role at Sephora:

Ready for a career glow up? As Lease Audit Manager, you'll be managing US & Canadian lease audit & co-tenancy programs. The work you do will impact beauty, as you accurately and timely enforce lease provisions. You'll manage a team that's united in beauty, supported by those who are equally passionate about ensuring compliance and maximizing savings.

What You’ll Do:

• Manage the US & Canadian lease audit & co-tenancy programs.
• Accurately and timely enforce lease provisions between Sephora and its landlords.
• Audit annual landlord reconciliation invoices for common area maintenance, real estate taxes, insurance, utilities, percent rent, etc., to identify overcharges and obtain detailed documentation.
• Directly responsible for the negotiation, settlement, and collection of multi-million dollar rent reconciliations uncovered during lease audits, as well as coordinating audit resolutions with the Accounting Team and other internal departments to ensure they are properly documented and allow for future savings through the invoice review process
• Negotiate, settle, and collect multi-million dollar rent reconciliations.
• Manage options, kickouts, termination rights tracker & assist with yearly updates to radius restriction tracker for strategic deployment plan & respond to ad hoc Lease Compliance requests
• Research potential percent rent remedies/penalties resulting from remodel program closures and provide support to tax and real estate teams for landlord-initiated sales audits
• Conduct expense analyses (e.g., vet expenses against lease language, compare to market rates, real estate base rent years and establish trend analysis)
• Interpret lease terms and conditions for management, third-party lease compliance administrators, and the Accounting & Finance departments.
• Report progress and results to management, including current and projected cash savings and risks.

What You’ll Bring:

• Bachelor's degree in Business, Accounting, or Finance, or a related field (strongly preferred).
• CPA certification (strongly preferred).
• 5-8 years of retail experience, ideally with a focus in Lease Compliance and/or Auditing.
• Strong reporting and analytical skills with extremely high attention to detail.

High-level client service skills, attention to detail, demonstrate the ability to assign priority to multiple requests simultaneously, and remain cool under pressure.

• Deep understanding of lease contracts and negotiations, including the ability to read, analyze, and interpret leases and related documents.
• Knowledge of International Financial Reporting Standards (IFRS) and relevant laws, regulations, and standards.
• Effective listening and interpersonal communication skills for responding to inquiries, addressing concerns, and fostering cooperative relationships.

What You’ll Get:

The annual base salary range for this position is $99,025.00- $131,765.00. The actual base salary offered depends on a variety of factors, which may include, as applicable, the applicant’s qualifications for the position; years of relevant experience; specific and unique skills; level of education attained; certifications or other professional licenses held; other legitimate, non-discriminatory business factors specific to the position; and the geographic location in which the applicant lives and/or from which they will perform the job.Individuals employed in this position may also be eligible to earn bonuses.This job will be posted for a minimum of 5 days.

• Caring Community. Thrive in a supportive, mentorship-driven environment from your leaders while also creating that same environment for your teams!
• Fulfilling Path. We invest in you, not just your role, with opportunities to learn, innovate and lead.
• Meaningful Work. Your work creates real impact. With every decision leading to thousands of shipments, you bring beauty to life for our clients.

Some benefits have eligibility requirements and may depend on job classification and length of employment.

• Health. Thrive on and off the floor with healthcare plans that fit the needs of you and your family, including medical, dental, and vision coverage. Sephora also fully covers our employees’ disability and life insurance.
• Wealth. We offer a competitive 401k with 4% match as well as FSA and HSA programs. We also offer a Student Debt Retirement plan, where your student loan payments qualify to earn the 401k match from Sephora.
• Balance. Enjoy paid time off, sick paid time off, and protected leave.
• Growth. We invest in you, with access to development programs, tuition reimbursement, and mentorship so that you can flourish in this fast-paced role.
• Perks. Love what you do, love what you get! Enjoy 30% discount on all merchandise/services, opportunities for free product or “gratis,” and flash sale discounts on LVMH brand products.
• Support. Join a team that truly cares – with free mental health and financial coaching resources with 24/7 access to Modern Health and Financial Finesse. Plus, volunteer and donation matching.

Sephora values a diverse and inclusive workplace and considers all applicants without regard to sex, pregnancy, race, color, national origin, gender (including gender identity and gender expression), age, religion, sexual orientation, military/veteran status, disability, or any other protected category. Sephora is committed to providing reasonable accommodation to applicants with disabilities or other medical conditions.

Sephora will consider all qualified applicants, including those with arrest and conviction records in a manner consistent with the requirements of all applicable laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act.

Join Us and Belong to Something Beautiful