Overview
Job Title: Lease Accounting Analyst
(this position is based in DFW area, remote but must be able to go into SBH Support Center one day a week)
“At Sally Beauty Holdings, we find beauty in diversity. Our inclusivity and self-expression are what fuel our innovation and growth. You are welcome here, and you can thrive here. We find beauty in YOU. Join us.”
Essential Function
The Lease Analyst position is responsible for evaluating and analyzing new leases for payment obligations and accounting implications, as well as on-going account maintenance for each store. They will ensure the accuracy and timeliness of monthly rent payments, escrow adjustments and operating expense reconciliations. Lease Analysts coordinate the flow of information between the landlords, Real Estate and General Accounting, and assume full responsibility for all Lease Accounting related activity for their 700+ stores.
Primary Duties
30% Analyze landlord reconciliations of operating expenses. Confirm billing is in accordance with lease terms. Verify pro-rata share, credit for monthly escrows, and evaluate for reasonableness with prior period reconciliations. Process invoice for payment.
30% Review monthly statements from landlords. Research and resolve any discrepancies to reconcile the account. Prepare an escrow change form to adjust monthly payment amounts and process check requests as necessary.
20% Review all new and renewing leases to abstract relevant lease dates and determine rental obligations. Identify accounting provisions in the lease related to prepaid rent, security deposits, contractual rent increases, and free rent periods. Ensure set-up in the Recurring Rent system is accurate and complete.
10% Ensure all processed invoices and new leases are in compliance with company policies and Sarbanes Oxley requirements.
5% Responds to internal and external inquiries in a timely manner, maintaining professional and courteous relationship with coworkers and landlords.
5% Processes utility invoices, rent vendor changes and gross sales requests. Reviews and validates Estoppels and SNDA’s.
Knowledge, Skills and Abilities
- 2-4 years of clerical accounting or related experience
- Proficient in Microsoft Access, Word, Excel, 10-key
- Experience in Lease Accounting or Property Management preferred
Competencies / Attributes
- Excellent oral and written communication skills
- Excellent analytical skills and attention to detail
- Ability to prioritize and multi-task
Working Conditions and Physical Requirements
The work environment involves everyday risks or discomforts which require normal safety precautions typical of such places as offices, meeting and training rooms, retail stores, and residences or commercial vehicles, e.g., use of safe work practices with office equipment, avoidance of trips and falls, observance of fire regulations and traffic signals, etc. The work area is adequately lighted, heated, and ventilated.
The work is sedentary. Typically, the employee may sit comfortably to do the work. However, there may be some walking; standing; bending; carrying of light items such as papers, files, books, small parts; using a keyboard, driving an automobile, etc. No special physical demands are required to perform the work.
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!
Qualified applicants will receive consideration for employment without regard to their race, color, religion, national origin, sex, or disability.
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