Sr. Analyst, Lease Accounting

Advance Stores Company Inc (500); Raleigh (NC); Hybrid; USD 80,000 - 110,000; Full time

Job summary

Advance Auto Parts, Inc. seeks a Sr. Lease Analyst to manage lease data, ensure ASC 842 compliance, and support accounting across G/L and cash flows. The role collaborates with Real Estate, Accounting, and FP&A teams to deliver timely financial reporting for lease obligations.

Hybrid role based at our Raleigh headquarters, with responsibilities including rent, CAM, taxes, and insurance accruals, plus system maintenance in Costar and ERP platforms.

Qualifications

• Bachelor's degree required in Accounting, Finance, or related field.
• 2–5 years of lease accounting or real estate accounting experience.
• Proficiency in ASC 842 and lease accounting principles.

Responsibilities

• Review and abstract lease agreements and amendments to extract key terms.
• Maintain lease data in systems (CoStar, ERP) with accuracy.
• Record and process monthly lease payments, CAM, taxes, and insurance.
• Perform real estate tax analysis and reconcile variances.
• Analyze CAM and insurance reconciliations and pass-through charges.
• Prepare journal entries for rent and occupancy-related expenses.
• Reconcile balance sheet and income statement G/L accounts related to leases.
• Ensure ASC 842 compliance and adherence to company policy.
• Collaborate with Real Estate and Legal teams on lease details.
• Support audits with documentation and reconciliations.

Skills

ASC 842 understanding

Occupancy cost management

Real estate tax CAM & insurance

CoStar lease management

Oracle ERP familiarity

Excel skills

Analytical skills

Attention to detail

Communication & collaboration

Education

Bachelor's degree in Accounting/Finance/Business Administration

Tools

CoStar

Oracle ERP

Job description

Job Description

Sr. Lease Analyst

The Sr. Lease Analyst is responsible for reviewing, interpreting, and maintaining accurate lease data within the company’s lease management system (Costar), ensuring compliance with lease accounting standards (ASC 842). This role includes the accounting and analysis of Lease G/L Accounts (BS and P&L) and lease payment processing. The Lease Analyst collaborates closely with the Real Estate, Accounting, and FP&A teams to ensure timely and accurate financial reporting of all lease-related obligations.

Location & Work Availability: This position is Hybrid (4 days in office, 1 day remote), based at our corporate headquarters in Raleigh, North Carolina.

Key Responsibilities

• Review and abstract lease agreements, amendments, renewals, and terminations to identify key financial, operational and legal terms.
• Maintain and update lease data in the lease administration or accounting system (CoStar, Blackline).
• Record and process monthly lease payments (Real Estate and Fleet), real estate taxes, CAM, and insurance charges, ensuring accuracy and proper classification.
• Perform real estate tax analysis by reviewing landlord statements, validating billed amounts against lease terms, and reconciling variances.
• Review and analyze CAM and insurance reconciliations, ensuring accuracy of pass-through charges and compliance with contractual terms.
• Record accruals and prepare journal entries for rent, CAM, insurance, and property tax expenses as part of the monthly close process.
• Reconcile balance sheet and income statement G/L accounts related to lease liabilities, ROU assets, and occupancy-related accruals.
• Ensure all lease-related accounting entries comply with ASC 842 and AAP company policy.
• Collaborate with Real Estate and Legal teams to confirm lease details, expense responsibilities, and amendment impacts.
• Support internal and external audits by providing documentation, schedules, and reconciliations for lease, CAM, insurance, and tax accounts.
• Participate in process improvement initiatives to streamline lease accounting and expense reconciliation processes.
• Assist in ad hoc projects, including system enhancements, new lease conversions, and portfolio reporting analysis.

Qualifications

• Strong understanding of lease accounting (ASC 842) and occupancy cost management.
• Familiarity with real estate tax, CAM, and insurance billing and reconciliation processes.
• Experience with lease management (Costar) and ERP systems (Oracle, or similar).
• Strong analytical, organizational, and problem-solving skills.
• High attention to detail and accuracy.
• Advanced Excel skills and ability to work with large data sets.
• Excellent communication and collaboration across departments.

Education and Experience

Education: Bachelor’s degree in Accounting, Finance, Business Administration, or related field.

Experience: 2–5 years in lease accounting, real estate accounting, or lease expense analysis.

Benefits Summary

We believe in supporting our Team Members and those they love through comprehensive health & wellness benefits. Learn more here: https://jobs.advanceautoparts.com/us/en/benefits

Company Overview

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of January 3, 2026, Advance operated 4,305 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The Company also served 809 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age national origin, religion, sexual orientation, gender identity, status as a veteran and basis of disability or any other federal, state, or local protected class.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age national origin, religion, sexual orientation, gender identity, status as a veteran and basis of disability or any other federal, state or local protected class.

We comply with all applicable federal, state, and local laws.

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of October 5, 2024, Advance operated 4,781 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,125 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.