Sr Manager Lease Accounting and Administration

Overview Experience

something categorically different. With over 1,400 stores throughout the U.S., a thriving digital ecosystem and a growth trajectory that’s put Wall Street on notice;
Ulta Beauty provides dynamic challenges for those who want to apply their financial acumen to ever-increasing levels of complexity. Professional ownership. Diverse and ever-evolving projects. Greater levels of impact. The ability to influence decisions and organizational direction. It’s all part of the daily experience of our Finance & Accounting associates. If you want a collaborative environment where continual learning, career self-determination and trust are prioritized, where an engaged leadership provides deep levels of support and guidance, Ulta Beauty is uniquely positioned to deliver greater levels of career satisfaction
. Are you up for the challenge?

The Senior Manager – Lease Accounting and Administration leads the accounting, financial reporting, governance, and administration of the Company’s global lease portfolio, consisting of more than 1,500 domestic and 90 international leases across retail stores, corporate offices, and distribution centers. This role is responsible for overseeing end-to-end lease accounting and administration processes, ensuring compliance with ASC 842, internal accounting policies, SOX requirements, and applicable reporting standards.

Serving as the Company’s primary subject matter expert for lease accounting and administration, this position provides leadership over technical accounting, financial reporting, controls, systems, and process execution across the global lease portfolio. The role partners closely with Real Estate, Legal, FP&A, and international finance teams to support lease transactions and ongoing portfolio activity, including multi-currency lease accounting, while driving strong governance, data integrity, and process improvement.

• Lead the Company’s global lease accounting and administration function, establishing priorities, governance, and operating standards across a lease portfolio of domestic and international retail, office, and distribution center locations.
• Serve as the primary subject matter expert for lease accounting under ASC 842 and related U.S. GAAP guidance, providing leadership on complex, non-routine, and judgmental lease transactions.
• Partner with Real Estate, Legal, FP&A, Growth & Development, and other cross-functional stakeholders to provide accounting guidance and financial leadership on new leases, renewals, amendments, relocations, store closures, restructurings, and other strategic real estate initiatives.
• Lead accounting for the full lifecycle of the Company’s lease portfolio, including lease commencement, classification, initial measurement, modifications, reassessments, terminations, impairments, and other technical accounting considerations.
• Interpret complex lease agreements and key contractual provisions, including landlord allowances, rent holidays, percentage rent clauses, escalation provisions, and other terms that impact accounting treatment, financial reporting, and lease administration.
• Establish and maintain the governance framework for the global lease portfolio, including oversight of lease data quality, key accounting judgments, approval workflows, policy application, and change management related to portfolio activity.
• Provide leadership over lease accounting and administration for international locations, including coordination with international finance teams, multi-currency lease accounting, and alignment with local statutory and global reporting requirements.
• Evaluate foreign currency impacts related to lease liabilities, right-of-use assets, and rent payments to ensure proper accounting, translation, and reporting in consolidated financial statements.
• Support the development, application, and governance of Incremental Borrowing Rates (IBRs) used to measure lease liabilities in accordance with ASC 842.
• Ensure the completeness, accuracy, and integrity of lease data maintained within lease administration platforms and related accounting systems and oversee controls…