Senior Accountant, Retail RTR/Lease Accounting

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