Senior Manager, Corporate Reporting

Steak n Shake; Indianapolis (IN); On-site; USD 140,000 - 190,000; Full time

Job summary

Steak n Shake seeks a Senior Manager, Corporate Reporting to lead the corporate accounting group in Indianapolis. You will supervise consolidation, external quarterly reporting, and compliance with US GAAP, working closely with Legal, Marketing, Operations, and the Parent Company.

Responsibilities include lease accounting under ASC 842, coordination with external auditors, maintaining lease software, and developing process improvements and AI-enabled analytics to enhance reporting accuracy and

Qualifications

• Bachelor’s degree in accounting, finance, or related field.
• 8+ years of experience in corporate accounting, with public accounting background.
• Strong analytical thinking and communication skills; leadership and coaching ability.

Responsibilities

• Prepare and review overall financial statement consolidation of Steak ’n Shake Inc. entities.
• Prepare and report on schedules supporting the parent company’s external quarterly reporting (cash flows, leases).
• Prepare and review the annual stand-alone financial statements for the FDD.
• Serve as key contact to external auditors for quarterly reviews, audits, and reporting.
• Oversee ASC 842 lease accounting including amendments and terminations; coordinate with Legal.
• Oversee and manage lease accounting software and related processes.
• Collaborate with Marketing on accounting for promotional programs; review budget vs. actuals for repairs, maintenance, CAPEX.
• Lead technical accounting research and issue memoranda; drive process improvements and cost savings.

Skills

Analytical thinking

Effective communication

Leadership

Problem solving

Education

Bachelor's degree in accounting/finance

Tools

Microsoft Excel

Job description

Job Title: Senior Manager, Corporate Reporting

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nUnderstand the corporate mission and within that framework provide a critical leadership role within the corporate accounting department. Core Duties include 1) assisting with financial statement preparation and review, including disclosure schedules supporting parent company quarterly reporting, 2) lease accounting, 3) preparation of key judgmental accounting estimates, 4) marketing accounting, 5) key contact for the auditors and oversight of other corporate accounting areas. High visibility cross functional with the Legal and Marketing departments, Operations, and Parent Company.

Essential Duties and Responsibilities

• Prepare and review aspects of overall financial statement consolidation of Steak ‘n Shake Inc. (“the Company” or “Organization”) entities.
• Prepare, review and report on schedules supporting the parent company (Biglari Holdings) external quarterly reporting, including, for example, cash flows and disclosures on leases.
• Prepare and review the annual stand-alone Company financial statement filing used in the Company’s Franchise Disclosure Document (FDD).
• Key contact to the external auditors in their work related to quarterly reviews, annual audits, and stand-alone financial reporting used in the FDD.
• Evaluate all new leases and amendments to ensure proper recording under ASC 842, Leases.This includes working closely with the Legal Department to be current and knowledgeable of any new leases, amendments to existing leases, or lease terminations.
• Oversee and maintain the lease accounting software of the Company.
• Review budget to actuals of repairs and maintenance spend and CAPEX spend with VP of Facilities, Chief Operations Officer and others.
• Collaborate with the marketing department on programs to ensure complete and accurate periodic accounting for various marketing programs, including billboards, menu and reader boards, TV ads, social media, and various other promotional programs.
• Review budget to actuals of marketing expenditures with Chief Marketing Officer and others.
• Responsible for certain key judgmental accounting estimates (e.g., impairment assessments, workers comp/general liability actuarial valuation)
• Lead technical accounting research and related technical accounting memos as reviewed by the Principal Accounting Officer.
• Oversee and manage a team of three corporate accounting positions that provide support in asset management, leases and rent, marketing, financial reporting, and other corporate areas.
• Responsible for ensuring internal controls owned by the corporate accounting team are properly designed and executed to ensure operating effectiveness for compliance with Sarbanes Oxley.
• Maintain an up-to-date awareness of existing and any new accounting pronouncements to ensure accurate reporting in accordance with US GAAP.
• Assist Principal Accounting Officer and Senior Leadership Team (SLT) members with requests or projects as needed.
• Play a role in the Company’s planned journey for software evolution, which includes incorporating AI into existing or new processed to gain efficiency and replace basic tasks with more insight and analysis to provide value beyond the core function of accounting.
• Identify improvement opportunities across the Organization’s functions, determine alternative courses of actions with those function leaders, and implement process improvements. Continuous goal to reduce “waste” in processes and identify cost savings.

Position Requirements

• Bachelor’s degree in accounting, finance, or related field
• 8+ years of experience, with public accounting experience
• Passionate about business by adding value to help the overall business grow and win in the marketplace
• Innovator when it comes to improving processes and using AI
• Adaptability and flexibility as priorities change and job responsibilities broaden
• Team leader, but a coach first and foremost
• Effective communicator, verbally and written
• Problem solver that addresses issues quickly.
• Strong analytical thinking
• Proficient with Microsoft applications, including Excel