Lease Audit Manager

LVMH Group; San Francisco (CA); On-site; USD 99,000 - 132,000; Full time

Benefits offered by this job

Health insurance

401k with 4% match

Paid time off

Mentorship programs

Product discounts

Job summary

Sephora is seeking a Lease Audit Manager to oversee US and Canadian lease audit programs, ensuring accurate enforcement of lease provisions and maximizing savings. You will guide a team through audits, reconciliations, and settlements with landlords, coordinating with Accounting and Finance to document outcomes.

The role requires 5–8 years in lease compliance/auditing, a strong eye for detail, and advanced reporting skills. A CPA and relevant retail experience are highly preferred.

Qualifications

• Bachelor's degree in Business, Accounting, or Finance (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.

Responsibilities

• Manage US & Canadian lease audit & co-tenancy programs.
• Enforce lease provisions between Sephora and landlords in a timely manner.
• Audit landlord reconciliation invoices for CAM, taxes, insurance, utilities, percent rent, etc.
• Negotiate, settle, and collect multi-million dollar rent reconciliations.
• Coordinate audit resolutions with Accounting and other internal teams.

Skills

Bachelor's degree

CPA

Lease compliance

Auditing

Retail experience

Reporting

Education

Bachelor's degree in Business/Accounting/Finance

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

Sephora’s stores offer passionate beauty fans across the world a privileged freedom to touch and test products since 1969.
The House provides a superior selection of quality products and always keeps pace with the latest trends.
The house is built upon the exceptional talents of its beauty professionals who create a perfect environment for adventurous clients who want to experiment and learn.
With the innovative range of products in the Sephora Collection, its distinctive stores and bold commitment to new ideas, the House is always able to surprise and delight its clients.
At every touch point with its clients, in store and online, Sephora provides an unconventional approach which has made it the most loved beauty community in the world.

Crafting Dreams Starts With Yours

At LVMH, people make the difference in the art of crafting dreams.
Our people fuel our dynamic, entrepreneurial culture. We value collective ambitions, encouraging our talents to push boundaries and champion a curious, audacious state of mind. Our commitment to excellence is reflected in nurturing every individual with a growth mindset and development opportunities, consistently empowering them to reach their full potential. We are actively committed to positive impact through an inclusive environment that supports and gives back to our talented community.
Join us at LVMH, where your talent is at the heart of our collective successes.