Job Description
Full job description
Ref#: W167388
Department: Finance
City: Nutley
State/Province: New Jersey
Location: United States
Pay Range: $63,500 - $100,000 per hour; actual pay is dependent on experience and geographic location
Company Description
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands.
At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Position Overview
The successful candidate for Senior Accountant, Retail RTR/Lease Accounting must possess well-rounded accounting experience, along with strong analytical and general ledger knowledge. Responsibilities will include performing all detailed general ledger accounting functions and analysis for certain areas/divisions of the Company’s Retail business as well as the review of lease agreements, accounting functions and analysis for the Company’s North America lease portfolios along with supporting areas of the closing and reporting process. Additionally, the candidate will be responsible for assisting finance functions including planning, forecasting and reporting of the rent and occupancy expenses. This individual will also be involved in ad-hoc projects as necessary.
Essential Duties & Responsibilities
Maintain and close SAP general ledger monthly for the North America lease portfolio
Perform detailed review and analysis of lease agreements and track all related activities
Create and maintain certain lease amortization schedules in CoStar
Prepare monthly account reconciliations and analyses, including ROU assets and lease liabilities, etc.
Prepare accurate monthly forecasts and annual plans for multiple divisions
Partner with various teams, including Lease Administration, FP&A, Legal, and Real Estate
Maintain and close SAP general ledger for various Retail divisions monthly
Analyze and prepare journal entries and accruals
Prepare monthly detailed reconciliations and account analysis
Accumulate and review/analyze the monthly financial results and prepare variance analysis, as requested
Partner with the Financial Planning & Analysis teams to perform close activities and review/understand key drivers
Assist in the design and implementation of process improvements and best practices
Maintain and review documented procedures and ensure compliance with SOX requirements
Assist in the accumulation and preparation of the monthly reporting package containing information required for external filing and the quarterly and annual audits
Assist with the audit process by completing requested schedules and partnering closely with external auditors
Assist with ad-hoc assignments and special projects
Understanding of lease accounting concepts and practices
Experience in lease / contract review and analysis
Results orientated, flexible, resourceful, and self-motivated with the ability to manage multiple deliverables
Strong analytical and detail-oriented background
Strong verbal and written communication skills
Must be capable of working at a detailed level in a hands-on environment
Strong time-management skills, and ability to adhere to tight deadlines during the month-end close process
Experienced in managing and driving improvements and change within an accounting/finance function
Strong ability to work as a team and independently (when required).
Proficiency in Microsoft Office, particularly Excel, and lease administration system (CoStar)
Experience, Skills, and Knowledge
3-5 years of experience – Ideally, will be a mix of Public/private US GAAP experience, with Big 4 audit firm experience preferred
BS in Accounting required; MBA a plus, CPA or individual sitting for the CPA Exam preferred
Experience with SAP, Hyperion/Essbase, CoStar
Retail or Wholesale experience a plus
Ref#: W167388
Department: Finance
City: Nutley
State/Province: New Jersey
Location: United States
Pay Range: $63,500 - $100,000 per hour; actual pay is dependent on experience and geographic location
Company Description
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands.
At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Position Overview
The successful candidate for Senior Accountant, Retail RTR/Lease Accounting must possess well-rounded accounting experience, along with strong analytical and general ledger knowledge. Responsibilities will include performing all detailed general ledger accounting functions and analysis for certain areas/divisions of the Company’s Retail business as well as the review of lease agreements, accounting functions and analysis for the Company’s North America lease portfolios along with supporting areas of the closing and reporting process. Additionally, the candidate will be responsible for assisting finance functions including planning, forecasting and reporting of the rent and occupancy expenses. This individual will also be involved in ad-hoc projects as necessary.
Essential Duties & Responsibilities
Maintain and close SAP general ledger monthly for the North America lease portfolio
Perform detailed review and analysis of lease agreements and track all related activities
Create and maintain certain lease amortization schedules in CoStar
Prepare monthly account reconciliations and analyses, including ROU assets and lease liabilities, etc.
Prepare accurate monthly forecasts and annual plans for multiple divisions
Partner with various teams, including Lease Administration, FP&A, Legal, and Real Estate
Maintain and close SAP general ledger for various Retail divisions monthly
Analyze and prepare journal entries and accruals
Prepare monthly detailed reconciliations and account analysis
Accumulate and review/analyze the monthly financial results and prepare variance analysis, as requested
Partner with the Financial Planning & Analysis teams to perform close activities and review/understand key drivers
Assist in the design and implementation of process improvements and best practices
Maintain and review documented procedures and ensure compliance with SOX requirements
Assist in the accumulation and preparation of the monthly reporting package containing information required for external filing and the quarterly and annual audits
Assist with the audit process by completing requested schedules and partnering closely with external auditors
Assist with ad-hoc assignments and special projects
Understanding of lease accounting concepts and practices
Experience in lease / contract review and analysis
Results orientated, flexible, resourceful, and self-motivated with the ability to manage multiple deliverables
Strong analytical and detail-oriented background
Strong verbal and written communication skills
Must be capable of working at a detailed level in a hands-on environment
Strong time-management skills, and ability to adhere to tight deadlines during the month-end close process
Experienced in managing and driving improvements and change within an accounting/finance function
Strong ability to work as a team and independently (when required).
Proficiency in Microsoft Office, particularly Excel, and lease administration system (CoStar)
Experience, Skills, and Knowledge
3-5 years of experience – Ideally, will be a mix of Public/private US GAAP experience, with Big 4 audit firm experience preferred
BS in Accounting required; MBA a plus, CPA or individual sitting for the CPA Exam preferred
Experience with SAP, Hyperion/Essbase, CoStar
Retail or Wholesale experience a plus
💡 Quick Summary
Seeking a career-building opportunity? The Senior Accountant, Retail RTR/Lease Accounting position is now open for candidates interested in the Accountant Jobs sector. This role in Nutley offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
