Lease Audit Manager
About The Position
At Sephora, beauty is about feeling seen, valued, and empowered, individually and collectively. It is connecting deeply with others, celebrating diversity and inclusivity, unlocking your potential, and making a difference every day. Together, we belong to something beautiful. Your Role at Sephora: Ready for a career glow up? As Lease Audit Manager, you'll be managing US & Canadian lease audit & co-tenancy programs. The work you do will impact beauty, as you accurately and timely enforce lease provisions. You'll manage a team that's united in beauty, supported by those who are equally passionate about ensuring compliance and maximizing savings.
Requirements
- Bachelor's degree in Business, Accounting, or Finance, or a related field (strongly preferred).
- CPA certification (strongly preferred).
- 5-8 years of retail experience, ideally with a focus in Lease Compliance and/or Auditing.
- Strong reporting and analytical skills with extremely high attention to detail.
- High-level client service skills, attention to detail, demonstrate the ability to assign priority to multiple requests simultaneously, and remain cool under pressure.
- Deep understanding of lease contracts and negotiations, including the ability to read, analyze, and interpret leases and related documents.
- Knowledge of International Financial Reporting Standards (IFRS) and relevant laws, regulations, and standards.
- Effective listening and interpersonal communication skills for responding to inquiries, addressing concerns, and fostering cooperative relationships.
Responsibilities
- Manage the US & Canadian lease audit & co-tenancy programs.
- Accurately and timely enforce lease provisions between Sephora and its landlords.
- Audit annual landlord reconciliation invoices for common area maintenance, real estate taxes, insurance, utilities, percent rent, etc., to identify overcharges and obtain detailed documentation.
- Directly responsible for the negotiation, settlement, and collection of multi-million dollar rent reconciliations uncovered during lease audits, as well as coordinating audit resolutions with the Accounting Team and other internal departments to ensure they are properly documented and allow for future savings through the invoice review process
- Negotiate, settle, and collect multi-million dollar rent reconciliations.
- Manage options, kickouts, termination rights tracker & assist with yearly updates to radius restriction tracker for strategic deployment plan & respond to ad hoc Lease Compliance requests
- Research potential percent rent remedies/penalties resulting from remodel program closures and provide support to tax and real estate teams for landlord-initiated sales audits
- Conduct expense analyses (e.g., vet expenses against lease language, compare to market rates, real estate base rent years and establish trend analysis)
- Interpret lease terms and conditions for management, third-party lease compliance administrators, and the Accounting & Finance departments.
- Report progress and results to management, including current and projected cash savings and risks.
Benefits
- medical, dental, and vision coverage
- disability and life insurance
- 401k with 4% match
- FSA and HSA programs
- Student Debt Retirement plan
- paid time off
- sick paid time off
- protected leave
- development programs
- tuition reimbursement
- mentorship
- 30% discount on all merchandise/services
- opportunities for free product or “gratis”
- flash sale discounts on LVMH brand products
- free mental health and financial coaching resources with 24/7 access to Modern Health and Financial Finesse
- volunteer and donation matching
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What This Job Offers
Job Type
Full-time
Career Level
Manager
