Staff Lease Accountant Job at FRANCESCA'S
Location: 8760 Clay Road Houston, Texas 77080
Employee Type: Regular
We offer a creative and friendly environment with plenty of opportunity for advancement.
ABOUT FRANCESCA’S®
francesca’s® is a specialty retailer which operates a nationwide chain of boutiques providing customers a unique, fun, and personalized shopping experience. The merchandise assortment is a diverse and balanced mix of apparel, jewelry, accessories, and gifts which targets 18–35-year-olds. francesca’s is continuing to embrace diversity and inclusion with recently adding two new collections: franki and francesca’s Fit which creates a more positive and inclusive experience; we now offer sizes for a 10-year-old up to 3X. Today, francesca’s® operates 460 boutiques in 45 states and serves its customers through francescas.com, and the francesca’s app.
Position Overview:
Staff Accountant experienced in Lease Accounting to prepare ASC 842 entries monthly and maintain Lucernex lease database. Prepare monthly rent payables including percentage rent calculations, reconcile various general ledger accounts, prepare journal entries and supplemental analysis schedules related to occupancy costs. This position will report to the Controller. Assist with the preparation of month end accruals, close process and quarterly audit schedules.
Essential Functions
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Maintain Accounting ASC842 entries in Lucernex Lease database. Review all lease agreements and enter into Lucernex on a timely basis and appropriate allocation of variable and non-variable charges.
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Prepare ASC842 (straight line rent) journal entries monthly and record in Sage 100 accounting system.
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Reconcile rent payments to landlord statements monthly.
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Prepare and approve monthly lease payments for all locations, submit to Accounts Payable.
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Prepare and send monthly gross sales reporting to landlords.
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Calculate percentage rent payments as applicable.
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Integral part of the monthly close process, prepare month end accruals for key occupancy and related accounts.
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Prepare various general ledger account reconciliations for occupancy and related accounts. Includes researching significant variances to budget and providing explanations to be included in the monthly financial statements package.
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Prepare general ledger entries and monthly reconciliation for loan and interest accounts.
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Review future minimum rent schedule in Lucernex.
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Prepare various quarterly analysis schedules for internal and external audit purposes, including balance sheet and income statement actual to budget variance analysis and explanations for significant variances.
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Various projects as assigned.
Qualifications
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This is a home office position, which pursuant to the Company's COVID-19 vaccination mandate, requires all home office employees to be fully vaccinated, unless an employee objects to such vaccination for any reason of personal conscience, based on a religious belief, or for medical reasons (including prior recovery from COVID-19). To the extent an accommodation is requested to this mandate, the Company will evaluate each request on an individualized basis in accordance with applicable law.
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Education: Bachelor’s degree in Accounting.
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Experience: 1 to 3 years of experience as a Staff Accountant performing ASC 842 entries or straight line rent analysis, monthly rent preparation, and various general ledger account reconciliations.
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Computer Skills: Excel skills a must – Intermediate Level at a minimum. Sage 100 and Lucernex experience a plus.
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Other Skills: Detail oriented, well-organized and strong understanding of accruals.
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Superior verbal and written communication skills.
FRAN123
francesca’s® is an equal opportunity employer.
francesca's® understands that it is our team members that contribute to our growth and we invite you to help us continue in our success!
External Field
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