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Lease Accounting Manager

Tapestry

North Bergen, NJ, US

Explore the possibilities across our global house of brands.

 

Defined by inclusivity rather than exclusivity, Tapestry embraces the exploration of individuality and invests in helping you grow personally and professionally. Every individual in our global house has the opportunity to make an impact, learn and be part of our growing and unique story.

At Tapestry, we have the freedom to express ourselves and run with our best ideas across Coach, Kate Spade New York, and Stuart Weitzman. We share a profound belief in both our individual and collective potential, and know that with hard work and dedication, anything is possible.

This individual will play an important role in the implementation of FASB ASC 842, compliance with GAAP (SOX 404 and COSO), and day to day lease accounting. The role provides support and collaborates with global and cross functional teams including Corporate Counsel, Global Procurement, Real Estate, Treasury and other internal departments.

 

The role of Manager, Lease Accounting is accountable for the following:

 

  • Ability to learn and support ASC 842 and the lease accounting software solution
  • Learn lease abstract, accounting and payment, processes and develop skills to act as subject matter expert and super user of the software to assist in training and support of global users across all brands
  • Assist in addressing technical lease accounting and operational matters including contract/ lease review, assessing lease type, determination of possession dates, impact of options and terms, and accounting for lease components in accordance with ASC 842
  • Responsible for accounting in accordance with GAAP including the completeness and accuracy of the lease population (as well as potential for embedded leases), review of discount rate and reconciliation of ROU Asset, Lease Liability, other occupancy type accounts
  • Timely and accurately prepare journal entries in accordance with monthly close process, including percentage rent
  • Prepare quarterly financial presentation and disclosure supporting documentation
  • Prepare quarterly financial statement analysis for management reporting (including special projects and ad hoc reporting)
  • Implement and maintain effective internal controls in compliance with SOX 404 requirements
  • Implement and maintain global lease policy and standard operating procedures
  • Liaise with internal and external audit, manage and review auditor requests
  • Manage communications with landlords including sales letters and ad hoc requests
  • Review reconciliations and calculations in accordance with lease agreements
  • Collaborate with international entities to satisfy any statutory accounting and reporting requirements
  • Drive efficiencies by continuously challenging current thinking and constantly evaluating processes and systems to ensure operations and control environments are efficient and effective
  • Perform administrative duties of the department including, but are not limited to training, budgeting, planning and scheduling.

 

The accomplished individual will possess:

  • Highly motivated, ability to problem solve and research
  • Strong written and verbal communication and interpersonal skills
  • Excellent team player who works extremely well in a collaborative environment
  • Attention to detail and delivery focused
  • Strong analytical skills, willingness to understand transactional details and apply to the larger picture
  • BS in Finance/Accounting
  • Relevant two to five years experience
  • Working knowledge of the COSO internal controls framework
  • Ability to multi task and strong organizational skills
  • Strong Microsoft office skills, including knowledge of Excel

 

Our Competencies for All Employees

  • Drive for Results: Can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented; steadfastly pushes self and others for results.
  • Customer Focus: Is dedicated to meeting the expectations and requirements of internal and external customers; gets first-hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect.
  • Creativity: Comes up with a lot of new and unique ideas; easily makes connections among previously unrelated notions; tends to be seen as original and value-added in brainstorming settings.
  • Interpersonal Savvy: Relates well to all kinds of people, up, down, and sideways, inside and outside the organization; builds appropriate rapport; builds constructive and effective relationships; uses diplomacy and tact; can diffuse even high-tension situations comfortably.
  • Learning on the Fly: Learns quickly when facing new problems; a relentless and versatile learner; open to change; analyzes both successes and failures for clues to improvement; experiments and will try anything to find solutions; enjoys the challenge of unfamiliar tasks; quickly grasps the essence and the underlying structure of anything.
  • Perseverance: Pursues everything with energy, drive, and a need to finish; seldom gives up before finishing, especially in the face of resistance or setbacks.
  • Dealing with Ambiguity: Can effectively cope with change; can shift gears comfortably; can decide and act without having the total picture; isn’t upset when things are up in the air; doesn’t have to finish things before moving on; can comfortably handle risk and uncertainty.

Our Competencies for All People Managers

  • Strategic Agility: Sees ahead clearly; can anticipate future consequences and trends accurately; has broad knowledge and perspective; is future oriented; can articulately paint credible pictures and visions of possibilities and likelihoods; can create competitive and breakthrough strategies and plans.
  • Building Effective Teams: Blends people into teams when needed; creates strong morale and spirit in their team; shares wins and successes; fosters open dialogue; lets people finish and be responsible for their work; defines success in terms of the whole team; creates a feeling of belonging in the team.
  • Managerial Courage: Doesn’t hold back anything that needs to be said; provides current, direct, complete, and “actionable” positive and corrective feedback to others; lets people know where they stand; faces up to people problems on any person or situation (not including direct reports) quickly and directly; is not afraid to take negative action when necessary.

Tapestry, Inc. is an equal opportunity and affirmative action employer and we pride ourselves on hiring and developing the best people. All employment decisions (including recruitment, hiring, promotion, compensation, transfer, training, discipline and termination) are based on the applicant’s or employee’s qualifications as they relate to the requirements of the position under consideration. These decisions are made without regard to age, sex, sexual orientation, gender identity, genetic characteristics, race, color, creed, religion, ethnicity, national origin, alienage, citizenship, disability, marital status, military status, pregnancy, or any other legally-recognized protected basis prohibited by applicable law. #LI-JV1 Visit Tapestry, Inc. at http://www.tapestry.com/

Req ID:  85194


Nearest Major Market: New York City
Nearest Secondary Market: Newark

Job Segment: Outside Sales, Real Estate, Procurement, Sales, Operations