Job Description
GENERAL SUMMARY As a FINANCIAL ANALYST, OCCUPANCY & LEASES on the property accounting team this role will primarily own the daily accounting operations and reporting activities for a portion of the company's store fleet. Additionally, the financial analyst responsibilities include accurately accounting for Designer Brands Store Occupancy, Distribution Center Occupancy, Fulfillment Center Occupancy, and other lease accounting reporting in a fast-paced retail environment This position is responsible for partnering closely with the Designer Brands Real Estate and FP&A teams to ensure lease related activity is accurately projected and accounted for in accordance with ASC 842. In addition, this role will also be responsible for assisting with various aspects of the company's capital expenditure accounting process and reporting, as needed.
This position requires a detail-oriented individual with the ability to analyze significant volumes of financial information. Candidates must possess the ability to thrive in an environment of complex calculations/systems. Selected candidate will assume responsibility for accuracy and timeliness of work and have excellent organizational and time management skills. Excellent verbal and written communication skills and the ability to prioritize multiple tasks are required.
REPORTS TO REPORTS TO: Supervisor, Occupancy & Lease Accounting
ESSENTIAL DUTIES AND RESPONSIBILITIES: • Review and process lease payments • Month end close activities related to lease accounting and capital expenditures • Track and reconcile contractual lease obligations to actual monthly lease payments • Prepare month end journal entries and account reconciliations • Review lease agreements and validate relevant deal terms have been abstracted accurately • Review lease liability/amortization schedules against lease agreements for accuracy and coordinate with 3rd party service provider regarding any corrections needed
• Meet with business partners to align on accounting treatments for stores regarding tenant allowances, co-tenancy, late delivery fees, etc • Perform monthly analyses to ensure occupancy expenses are in line with projection/budget and understand and anticipate upcoming variances, as applicable • Prepare consolidated lease disclosures for financial statements and related audit support • Work with FP&A and the Designer Brands Real Estate team to align on accounting treatments for stores regarding tenant allowances, co-tenancy, late delivery fees, etc. • Prepare/assist with ad hoc analyses as requested • Assist as needed with various fixed asset accounting processes
REQUIRED SKILLS: • Excellent analytical, planning, organizational, interpersonal and communication skills • Proficient in Excel
QUALIFICATIONS: EXPERIENCE: • At least 2 years of experience in accounting
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