Lease Accounting Manager, Americas

Richemont, one of the world leaders in the luxury sector, has various Houses specializing in jewelry, watches and high-end accessories. Each Maison proudly embodies a tradition of style, quality and craftsmanship and Richemont strives to preserve the heritage and identity specific to each of them. At the same time, we are committed to innovating and designing new products in line with the values ​​of our Houses, through a process of permanent creativity.

At Richemont Americas, we aspire to reflect the ever-changing world around us. We are proud to employ talent from many different backgrounds, experiences, and identities to build a continually evolving, inclusive community where the diversity of our colleagues and clients is rich and celebrated. We believe when inclusion is fully embraced and empowered, creativity and knowledge emerge to deliver excellence, advancing the community that is uniquely Richemont Americas.

Lease Accounting Manager, Americas Richemont Regional Functions | Shelton, Connecticut

Reports to:

Brand Accounting Senior Manager

Role Overview :

This role plays a critical role in ensuring the accuracy, integrity, and compliance of all lease accounting activities for the Americas region, specifically adhering to IFRS 16 standards. This position is responsible for managing the full lifecycle of lease accounting, serving as the primary subject matter expert, and fostering strong collaborations with cross-functional teams.  This role will be instrumental in driving continuous process and system improvements to optimize efficiency, accuracy, and reporting capabilities within the lease accounting function.

Responsibilities:

Lease Accounting:

Maintain a comprehensive and accurate lease database, capturing all relevant lease terms, renewal options, amendments, and critical dates

Analyze and interpret complex lease contracts to determine appropriate accounting treatment in accordance with IFRS
16

Ensure accurate entry and management of lease data within SAPOversee lease-related activities in financial close cycles, including journal entries, reconciliations, and reporting

Coordinate and track monthly fixed and variable rental payments, collaborating closely with the Accounts Payable team to ensure timely and accurate disbursements

Proactively monitor changes in lease accounting guidance and implement necessary adjustments to processes and procedures

Provide guidance and support to the Mexico and Brazil regions as needed

Lease Administration:

Collaborate effectively with Real Estate, Legal, and other relevant departments to ensure key terms of new leases, lease modifications, and terminations are accurately documented and accounted for Complete lease abstractions for key date information and reference

Conduct annual common area maintenance (CAM) reconciliation audits to ensure accuracy and compliance with lease terms

Ensure monthly percent rent calculations adhere to lease agreements

Serve as the primary point of contact for landlords, addressing billing inquiries, resolving reconciliation discrepancies, coordination audits, and managing other lease related issues

Act as a strategic business partner, providing accounting and reporting knowledge to other departments to support informed decision-making

Identify and implement process improvements, automation, and best practices within lease accounting operations to enhance efficiency and control

Reporting and Analysis:

Partner with FP&A to assess actuals against budget and supporting potential cash flow simulations for new projects or lease scenarios

Prepare and submit accurate monthly sales reporting to landlords and manage the process for yearly certified sales reporting

Reconcile landlord statements against lease agreements, proactively…