Director, Accounting Lease & Asset Management

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Direct message the job poster from Ross Stores, Inc.

The Director of Accounting - Lease and Asset Management is primarily responsible for leading key corporate accounting functions including the accurate and timely execution of the monthly and quarterly financial close, preparation of financial statements, internal financial reporting package, execution of Sarbanes Oxley 404 (SOX 404) controls including but not limited to account reconciliations and trial balance review, and Identity and Access management compliance for users of financial systems.

In addition, this person is responsible for providing accounting guidance and operating procedures for ongoing business processes and new projects, building and maintaining relationships with key business decision makers, and for establishing systems and controls to ensure that all transactions are identified and recorded in accordance with GAAP and the Company's accounting policies.

The base salary range for this role is $132,100 - $249,100. The base salary range is dependent on factors including, but not limited to, experience, skills, qualifications, relevant education, certifications, seniority, and location. The range listed is just one component of the total compensation package for employees. Other rewards vary by position and location.

ESSENTIAL FUNCTIONS:

• Responsible for the accuracy and integrity of the company's general ledger, ensuring that all transactions are properly recorded, and accounts are reconciled timely.

• Lead and develop the accounting team. Establish and evaluate performance goals and objectives through the performance management process. Assess staffing and resource requirements as needed to ensure appropriate resources are allocated to meet performance objectives.

• Lead monthly and quarterly financial closes and ensure consistent application of accounting policies and methodology.

• Analyze and interpret of the financial results for management's utilization in business decision-making processes. Responsible for monthly financial reporting including (but not limited to) financial reports, capital report, quarterly board variance reporting, and other analyses as required.

• Responsible for the Company's 10-K and 10-Q lease accounting disclosure and provide key technical accounting guidance pertaining to lease accounting standards under US General Accepted Accounting Principles (US GAAP) ASC 842, including technical research, interpretation, and managing the Company's incremental borrowing rate.

• Responsible for the analysis and interpretation of the leases within the contracts, identifies embedded leases and applies proper accounting treatment for management utilization in decision making process.

• Drive cross-functional partnerships with senior management company-wide most commonly with Property Development, Network Strategy and Supply Chain to obtain necessary information and maintain the Company's lease portfolio in Costar Lease Management tool by synchronizing with the pd Sitelink database.

• Manage the Capital and Asset Management team in accounting for the Company's capital expenditures, including reviewing and approving capital projects and spending based on Company's policies and the annual capital budget, providing accounting guidance on capitalization rule under US GAAP, and analyze budget vs actual capital spend.

• Lead the People Soft administrative function for system enhancement, People Tools upgrade, various UAT, configuration set-up, and system's reporting layout design and structure.

• Ensure that People Soft reports are accurate and in technical compliance with the rules and regulations of the applicable regulatory authorities.

• Evaluate process improvement opportunities within the People Soft systems of accounting operations. Recommend changes or additions to internal reporting practices in order to improve quality and content.

• Maintain chart of accounts, financial system user access, and account reconciliation…