Sr Accountant, Lease
- Req. Number: 2023-30105
- Mall Name: Express Headquarters
- City, State: Columbus, Ohio
- Posted Date: 7/26/2023
Overview
About Express, Inc.
Express, Inc. is a multi-brand fashion retailer whose portfolio includes Express, Bonobos and UpWest. The Company operates an omnichannel platform as well as physical and online stores. Grounded in a belief that style, quality and value should all be found in one place, Express is a brand with a purpose - We Create Confidence. We Inspire Self-Expression. - powered by a styling community. Bonobos is a menswear brand known for exceptional fit and an innovative retail model. UpWest is an apparel, accessories and home goods brand with a purpose to Provide Comfort for People & Planet.
The Company has over 530 Express retail and Express Factory Outlet stores in the United States and Puerto Rico, the Express.com online store and the Express mobile app; over 60 Bonobos Guideshop locations and the Bonobos.com online store; and 13 UpWest retail stores and the UpWest.com online store. Express, Inc. is traded on the NYSE under the symbol EXPR. For more information about our Company, please vis it www.express.com/investor and for more information about our brands, please visit www.express.com , www.bonobos.com or www.upwest.com .
Responsibilities
The Lease Sr Accountant is responsible for Lease Accounting 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.
Required Experience & Qualifications
Critical Skills & Attributes
Closing
An equal opportunity employer, Express, Inc. does not discriminate in recruiting, hiring or any other terms and conditions of employment hiring on the basis of any federal, state, or locally protected characteristic. Express, Inc. only hires individuals authorized for employment in the United States. Express, Inc. is committed to providing reasonable accommodation to individuals with disabilities. If you need an accommodation because of a disability to search and apply for a listed job position, please call 1-800-964-9793 and say 'Associate Relations' or send an e-mail to AssociateRelations@Express.com and let us know the nature of your request and your contact information.
Notification to Agencies : Please note that Express, Inc. 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, Inc. will not consider or approve payment to any third-parties for hires made.
About Express, Inc.
Express, Inc. is a multi-brand fashion retailer whose portfolio includes Express, Bonobos and UpWest. The Company operates an omnichannel platform as well as physical and online stores. Grounded in a belief that style, quality and value should all be found in one place, Express is a brand with a purpose - We Create Confidence. We Inspire Self-Expression. - powered by a styling community. Bonobos is a menswear brand known for exceptional fit and an innovative retail model. UpWest is an apparel, accessories and home goods brand with a purpose to Provide Comfort for People & Planet.
The Company has over 530 Express retail and Express Factory Outlet stores in the United States and Puerto Rico, the Express.com online store and the Express mobile app; over 60 Bonobos Guideshop locations and the Bonobos.com online store; and 13 UpWest retail stores and the UpWest.com online store. Express, Inc. is traded on the NYSE under the symbol EXPR. For more information about our Company, please vis it www.express.com/investor and for more information about our brands, please visit www.express.com , www.bonobos.com or www.upwest.com .
Responsibilities
The Lease Sr Accountant is responsible for Lease Accounting 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
An equal opportunity employer, Express, Inc. does not discriminate in recruiting, hiring or any other terms and conditions of employment hiring on the basis of any federal, state, or locally protected characteristic. Express, Inc. only hires individuals authorized for employment in the United States. Express, Inc. is committed to providing reasonable accommodation to individuals with disabilities. If you need an accommodation because of a disability to search and apply for a listed job position, please call 1-800-964-9793 and say 'Associate Relations' or send an e-mail to AssociateRelations@Express.com and let us know the nature of your request and your contact information.
Notification to Agencies : Please note that Express, Inc. 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, Inc. will not consider or approve payment to any third-parties for hires made.
