Manager, Lease Accounting

kbi; Greensboro (NC); On-site; USD 120,000 - 170,000; Full time

Job summary

The position leads one report and partners with facilities, real estate, and other finance teams to improve processes and policies, ensuring timely month-end closes and accurate financial reporting.

Qualifications

• 10+ years accounting experience.
• CPA preferred
• CoStar lease application experience preferred

Responsibilities

• Direct and manage all lease accounting activities in the general ledger.
• Oversee monthly lease accounting close, reconciliations, reporting and tracking.
• Manage CoStar application and ensure ASC 842 compliance.
• Collaborate with real estate and finance teams to ensure timely lease activity.
• Review lease amendments, assets and related documentation; respond to audits.

Skills

Excel

Leadership

GAAP knowledge

Communication

Education

Bachelor's Degree in Accounting or Finance

Tools

CoStar

SAP S4

Job description

Who We Are:

Kontoor Brands is a portfolio of three of the world's most iconic lifestyle, outdoor and workwear brands: Wrangler®, Lee® and Helly Hansen®. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long- term value for its stakeholders.

Job Posting:

Manager, Lease Accounting

The Manager, Lease Accounting provides, directs and manages all global accounting activities related to the recording of lease activities in the general ledger. This will be an important, centralized role which will drive global leadership and process improvements for the company's leasing activities.

The role is primarily focused on the general ledger duties and includes, but is not limited to, managing the CoStar lease accounting application and SAP S4 systems, journal entry review and approval, audit inquiries, and backup to other core accounting functions, as assigned. This position will have one direct report and will liaise with both accounting and facilities management personnel. This individual may be required to provide input to or participate in various projects and will perform other duties as requested.

Key Responsibilities

• Responsible for the direction, management, accuracy and completeness of all lease accounting activities on the general ledger
• Account for the monthly lease accounting close processes and related reconciliations, reporting and tracking
• Build strong relationships and work cross-functionally with other finance functions to ensure a smooth and timely monthly close
• Adhere to system of controls and procedures to ensure the proper recording and maintenance of all lease administration activities on the general ledger
• Prepare and provide recommendations on opportunities to improve processes and changes to company policies and procedures, as necessary
• Manage all lease transactions including recording, changing, or updating asset records in a timely manner and in accordance with GAAP
• Work with the retail and corporate real estate teams, as well as other project managers, to ensure lease activity is identified and placed in service on a timely basis
• Investigate and participate in testing for the potential impairment of leases
• Manage the CoStar application and maintain lease accounting compliance with ASC 842 standards
• Review, interpret, input, and analyze information on leases, amendments, and other legal documents
• Respond to audit inquiries in a timely manner
• Other duties as assigned

Skills For Success

• Ability to handle multiple tasks in dynamic environment
• Advanced level of Excel skills, advanced PC skills and systems knowledge
• Strong communication (oral and written)
• Excellent organizational skills
• Excellent leadership and relationship building skills, able to build trust with stakeholders
• Strong analytical and problem-solving skills
• Ability to work well independently and with others
• Integrity
• Ability to be flexible with extended work hours as necessary
• Positive attitude

Experience/Education

• 10+ years accounting experience
• CPA preferredBachelor's Degree in Accounting or Finance
• CoStar lease application experience preferred

Leadership Competencies Expected for this Role:

Evolving Leader

• Global Agility - Leads diverse teams, adapts amidst ambiguity
• Purposeful Integrity - Leads with values, earns team's trust, handles conflicts ethically
• Strategic Foresight - Connects teamwork to business strategy
• Customer Centric Innovation - Leads improvements rooted in customer needs
• Urgency for Impact - Drive priorities forward with pace and purpose
• Bold Accountability - Set high standards and model responsibility
• Empowered Collaboration - Builds inclusive teams, collaborates across functions

Why Kontoor Brands?

At Kontoor, we offer a comprehensive benefit package to fit your lifestyle. Our benefits are crafted with the same care as our products.

When our employees are healthy, secure, and well, they bring their best selves to work. Kontoor Brands supports you with a competitive benefits program that provides choice and flexibility to meet your and your family's needs - now and in the future. We offer resources to support your physical, emotional, social, and financial wellbeing, plus benefits like discounts on our apparel. Kontoor Brands also provides four weeks of Paid Parental Leave to eligible employees who are new parents, Flexible Fridays, and Tuition Reimbursement.

We are proud to offer a workplace culture centered on equitable opportunities and a sense of belonging for all team members. Here we have a global workforce of high-performing teams that both unlocks our individual uniqueness and harnesses our collaborative talents.