Supervisor, Property Accounting

» Supervisor, Property Accounting
Finance & Accounting
in Orlando
, FL
Reference: 19-02123

Description:

The Supervisor of Property Accounting is responsible for leading the fixed asset team on interpreting and applying the organization’s fixed asset policies and capitalization guidelines to ensure that all capital expenditures are recorded accurately and timely. The Supervisor is also responsible for leading the lease team on interpreting and applying the organization’s lease policies and guidelines to ensure that all leases are recorded accurately and timely. The Supervisor ensures that an adequate control environment exists, including timely and accurate preparation of reconciliations and ongoing updates to all Sarbanes-Oxley documentation impacting the fixed asset capitalization and lease processes. The Supervisor leads the day to day operations and monthly close of the fixed asset and the lease accounting systems.

Responsibilities: 

  • Financial
    • Oversee the fixed asset processing function, including the preparation of efficiency, accuracy and productivity metrics
    • Oversee the global lease accounting function, including the preparation of efficiency, accuracy and productivity metrics
    • Ensure compliance with GAAP in the recording of assets, expenses, prepayments and liabilities
    • Ensure an adequate control environment exists by developing, documenting, and enforcing adequate procedures and controls for department functions, including the timely and accurate preparation of reconciliations
    • Continually adhere to and update Sarbanes-Oxley documentation for the fixed asset capitalization and lease accounting processes
  • Employee
    • Lead and direct the activities of the property accounting staff, including the direct supervision of 6 team members
    • Execute the selection of top-quality talent to facilitate the attainment of team goals and objectives
    • Develop team members by supporting training, development, and other professional growth opportunities; manage individual and team performance through coaching, feedback, and performance management discussions
    • Demonstrate the organization’s values by promoting open communications, good working relations, and a helpful teamwork attitude
  • Process Excellence
    • Oversee fixed asset booking process for existing restaurants, new restaurants, and remodels
    • Review and approve new restaurant checklists and remodel checklists and supporting documentation
    • Review and approve depreciation and other exception reporting and research
    • Oversee annual fixed asset inventory process
    • Review capitalized interest, construction complete, depreciation and other accruals each month
    • Prepare or supervise preparation of the annual fixed asset life review
    • Oversee base rent, percentage rent, and common area maintenance payments (resolve issues, approve payment requests, and perform controls on payment process)
    • ¬†Oversee the rent estimate process and provide variance analysis to corporate analysis/FP&A
    • Record the deferred rent liability for leases each month; calculate average rent for each new lease and for lease amendments
    • Review leases to determine the appropriate accounting treatment and document the results
    • Organize and oversee sales audits as required
    • Review fixed asset/leases general ledger accounts during general ledger close week
    • Review and approve general ledger account reconciliations for fixed asset and leases related accounts
    • Review and approve accounting and project journal entries related to fixed assets and leases
    • Review and approve quarterly and annual financial reporting footnotes for leases and fixed assets
    • Assist in the preparation of the fixed asset cash flows
    • Maintain Sarbanes-Oxley documentation of controls for fixed assets and leases
    • Work with both internal and external auditors to ensure appropriate documentation and support is provided to them
    • Work with staff to improve current processes
    • Manage special projects as assigned.

Education, Experience and Qualifications:

  • Bachelor’s degree in finance or accounting
  • Minimum three years of experience in an accounting environment with at least one year of supervisory experience
  • Strong interpersonal, analytical, business partnering, and managerial skills
  • Demonstrated ability to multi-task while meeting strict deadlines in a fast paced, high pressure environment
  • Excellent written and oral communication skills required, with demonstrated ability to communicate with all levels in an informational and presentational format
  • Ability to lead, coach and develop a large staff
  • Ability to plan, organize and lead projects with minimal guidance
  • Ability to prepare concise reports for senior management with independent insights
  • Proficiency in Word, Excel and Office
  • Knowledge of Oracle financial systems is desired
  • CPA preferred