Sr Accountant I

Overview

This is a unique and exciting time to join Express. Since launching our EXPRESSway Forward strategy in 2020, we have been steadily advancing a transformation from being known as a store in the mall to a brand with a purpose, powered by a styling community. We believe that clothes can serve a higher purpose to make people look the way they want to look and feel the way they want to feel, and our Express brand purpose - We Create Confidence & Inspire Self-Expression - speaks to the role our brand can play in their lives. In 2021, we introduced our innovative Community Commerce program, inviting brand fans and style enthusiasts to take their passion for fashion to the next level by working with us.

Today, we are building, activating and amplifying the Express styling community, and we invite you to join us. Our culture is defined by three values - Express Yourself, Express Together, Express Success - and every associate at every level in every department is an important part of our transformation and our future.

For more information about Express, Inc. please visit www.express.com.

Responsibilities

Responsible for Lease Accounting (ASC 842) and all other accounting related to real estate leases. Recommends the proper accounting treatment for new/modified lease arrangements, and owns the month end financial close process for lease accounting.

Responsible for analysis of information from the third party lease accounting system and input into the financial system of record. This individual is the primary point of contact for the third party lease administrator, the real estate team, and financial reporting and analysis team.
  • Perform monthly financial close process, prepare monthly activities including journal entries related to lease expenses and accruals for the lease portfolio.
  • Perform pre-close analysis and post-close reconciliation on the lease portfolio
  • Coordinate with business partners to obtain fair value, discounts rates, and other data necessary to perform new lease classification testing
  • Review new or amended lease agreements in detail and validate all related data within the lease accounting system
  • Analyze and explain variances from budget and prior year
  • Prepare lease footnote schedules for external financial reporting purposes
  • Prepare reports to support all lease accounting disclosure requirements for the Company's external filings with the SEC
  • Ensure SOX compliance by adhering to internal control requirements, maintain updated documentation and providing recommendations as appropriate
  • Maintaining lease accounting policies and procedures

REQUIRED EXPERIENCE & QUALIFICATIONS
  • Education: Bachelor's degree in Accounting
  • Experience: 5-7 years of experience, specifically in the areas of lease accounting
  • Ability to work and function independently, prioritize and manage multiple tasks/assignments and consistently meet deadlines
  • Certification: CPA or CPA candidate preferred

CRITICAL SKILLS & ATTRIBUTES
  • Possess practical experience/ working knowledge of U.S. GAAP and SEC reporting
  • Familiarity with researching accounting guidance, including lease accounting
  • Retail industry experience
  • Excellent communication (verbal and written)
  • Ability to work cooperatively with other associates and outside vendors and maintain the highest level of company integrity
  • Proficiency in PeopleSoft Financials and Microsoft Office products


Closing

As an equal opportunity employer, Express does not discriminate in hiring or terms and conditions of employment on the basis of any federal, state, or locally protected class. Express only hires individuals authorized for employment in the United States.

Notification to Agencies: Please note that Express does not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement and approval from HR to submit resumes for a specific requisition, Express will not consider or approve payment to any third-parties for hires made.