Manager, Lease Accounting & Fixed Assets

CosmoProf • Plano, TX

3d • Hybrid

About The Position

At SBH, our purpose is to inspire a more colorful, confident, and welcoming world. We are the leader in professional hair color, selling and distributing professional beauty supplies across 11 countries through our Sally Beauty and Beauty Systems Group businesses. Sally Beauty offers products for hair color, hair care, nails, and skin care to retail customers looking for salon quality products at a value price. Beauty Systems Group, branded as Cosmo Prof or Armstrong McCall stores, along with its direct sales consultants, sell professionally branded products intended for use and resale by salons to retail consumers. About the Role The Manager of Lease Accounting & Fixed Assets ensures the financial integrity of the company’s lease and asset portfolios. Key responsibilities include leading ASC 8 42 compliance, overseeing the fixed asset lifecycle (from CapEx to disposals), and applying GAAP expertise to technology and SaaS investments. Additionally, the role manages facilities-related expenses, strengthens SOX controls, and leads onshore/offshore teams to streamline month-end close and provide cross-functional financial insights.

Requirements

• Bachelor’s degree in accounting or related field
• Minimum of 5–7 years of progressive accounting experience, preferably in a public company or international corporate environment
• Prior people-management experience required
• Retail or large portfolio lease accounting experience required (ASC 842)
• Fixed asset accounting experience required
• Experience with cloud computing and SaaS accounting, including implementation and hosting costs, preferred
• Understanding of technology-related CapEx and hosting arrangements under U.S. GAAP
• Advanced Excel skills and strong Microsoft Office skills (Word, PowerPoint, Outlook) required
• Oracle experience preferred
• Excellent verbal and written communication skills; able to effectively communicate with multiple departments
• Strong organizational and time management skills
• Able to handle multiple priorities at the same time
• Demonstrates strong, logical analysis, and problem-solving skills
• Excellent interpersonal and leadership skills with the ability to work in a remote team-oriented environment
• Strong initiative and ability to work independently

Nice To Haves

• Experience with lease accounting software a plus

Responsibilities

• Oversee and verify the monthly rent run, ensuring all activity is complete, accurate, and compliant with underlying lease terms.
• Review and approve lease changes and inputs within Oracle to ensure accurate ASC 842 accounting and reporting.
• Oversee accounting and reporting for occupancy- and facilities-related expenses, including rent-related operating expenses, common area maintenance (CAM), utilities, and other facility costs, ensuring accurate accruals, classifications, and period recognition.
• Manage and review landlord payment activity, including reconciliation and approval of triple-net (NNN) charges. Ensure billings are compliant with lease terms and approve all adjustments to rent batches, including new and renewing store payments and escrow changes.
• Oversee the full fixed asset lifecycle, including capitalization, additions, transfers, disposals, and depreciation, ensuring compliance with Company policy and U.S. GAAP.
• Oversee accounting for cloud computing and SaaS arrangements, including evaluation of implementation costs, capitalization versus expense treatment, amortization, and ongoing expense recognition in accordance with U.S. GAAP and Company policy.
• Partner with IT and Technology teams to review contracts and project costs related to hosted and cloud-based systems.
• Prepare and/or review reconciliations, journal entries, roll-forward schedules, and supporting documentation for fixed assets, construction-in-progress, lease liabilities, SaaS-related balances, and occupancy-related accounts as part of the monthly close process.
• Ensure compliance with SOX requirements by identifying, assessing, and mitigating financial and operational risks. Maintain accurate and current process documentation and control narratives.
• Prepare annual lease obligation schedules and supporting documentation for inclusion in the Form 10-K.
• Lead and support special projects, including ad-hoc reporting, technical accounting analysis, process improvements, system enhancements, and other initiatives supporting Executive Management and broader Finance objectives.

Benefits

• We offer a competitive salary and outstanding benefits package that includes medical, dental, vision, life Insurance, paid vacation and sick days, paid holidays, tuition reimbursement and 401(k) with company match. In addition, associates of SBH may take advantage of our in house salon with complementary services and a varied selection of food options at our corporate campus. Also, featured at our corporate campus, is both a Sally Beauty and CosmoProf Professional onsite store, where associates enjoy a great merchandise discount!

What This Job Offers

• Job Type: Full-time
• Career Level: Manager