Senior Accountant- Lease Accounting

Burlington Coat Factory Corporation•Burlington, NJ

50d•$65,000 - $80,000•Hybrid

About The Position

The Senior Accountant- Lease Accounting is responsible for account analysis with a concentration in lease accounting. This includes preparation of schedules within lease accounting software, to be utilized in calculation of journal entries and forecasting/planning processes. In this role, you would also work with operational departments to facilitate upload of accruals to the general ledger, obtain variance analysis for month end close, and assist with preparation of financial statements and disclosures.

Requirements

Bachelor's Degree in Finance or Accounting
3+ years of relevant work experience
Proficiency in Microsoft Excel
Knowledge of accounting process, procedures, and financial statements
Knowledge of basic lease accounting principles and terminology

Nice To Haves

Lucernex (Lease Accounting Software)
Oracle Financials
Cognos Business Intelligence

Responsibilities

Develop understanding of appropriate accounting treatment of all leases in accordance with Generally Accepted Accounting Principles (GAAP) Accounting Standards Codification 842: Leases.
Reviews contracts to assess for lease or non- lease classification
Perform finance vs. operating lease testing to determine accounting classification and treatment of all executed leases and modifications
Perform monthly close and analysis for financial accounting. Prepare journal entries and accrual calculations. Conduct variance analysis, investigate, and analyze drivers. Ensure data integrity by identifying errors/trends in accounting data to improve accuracy, timeliness, and general flow of accounting data.
Preparing plans/forecasts for occupancy expenses. Analyze and review forecast to actual results on both consolidated level and by location and department. Prepare summarized variance explanations.
Prepare financial analysis on specific lease deals on as needed basis for Financial Planning & Analysis and Profit Improvement Center departments
Prepare work papers and roll forwards, supporting schedules and documentation to support month end close.
Assist functional areas by providing data, aid in preparation of monthly journal entries, provide guidance on proper coding of invoices and allocation of costs and maintaining proper accounting policies. Assist with ad-hoc reporting