Manager II Real Estate Lease Accounting

Introduction

Ahold Delhaize USA, a division of global food retailer Ahold Delhaize, is part of the U.S. family of brands, which also includes five leading omnichannel grocery brands – Food Lion, Giant Food, The GIANT Company, Hannaford and Stop & Shop. Ahold Delhaize USA associates support the brands with a wide range of services, including Finance, Legal, Sustainability, Commercial, Digital and E-commerce, Technology and more.

Responsible for managing all aspects of the U.S. real estate lease accounting function and serving as a key point of contact between Brands, Ahold Delhaize business partners, Finance, Leasing and Global stakeholders to achieve major business goals of the Company. The primary purpose of this position is to implement, manage and coordinate the proper accounting and reporting of lease-related transactions, including right-of-use assets, lease liabilities, rent expense, lease modifications, reassessments and other complex real estate arrangements, ensuring accurate and timely financial statements.

This position also represents the lease accounting function on special projects, committees and system initiatives and coordinates activities related to lease accounting tools, enhancements and upgrades. Ensures efficient departmental processes are in place and well controlled, establishing departmental goals, supporting corporate goals and initiatives, and setting priorities to ensure yearly goals are met. Acts as a knowledge expert in the organization.

Our hybrid work schedule includes 3 in-person days at one of our core locations and 2 remote days. Our core office locations include Salisbury, NC, Quincy, MA, Scarborough, ME, Salisbury, NC, Carlisle, PA

Applicants must be currently authorized to work in the United States on a full-time basis.

• Oversees the team of analysts responsible for all lease accounting activities across all U.S. Brands, inclusive of developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements. Responsible for all day-to-day issues that arise within lease accounting activities and coaches team members in researching and resolving reporting variances, lease data concerns, accounting questions and system-related issues from business areas.
• Oversees and is responsible for all lease accounting activities, including accounting for right-of-use assets, lease liabilities, rent expense, lease modifications, reassessments, renewals, terminations and other complex real estate transactions.
• Ensures accurate and timely monthly, quarterly and year-end close, as well as periodic reporting of lease accounting activities for all U.S. Brands and Support Companies, including review and approval of journal entries, account reconciliations, variance analysis and subsidiary ledger to general ledger balancing.
• Reviews lease-related financial activity, lease data and reporting to ensure accuracy, completeness and reasonableness. Leads investigation of trends, variances and unusual items and partners with internal stakeholders to resolve issues and implement corrective actions.
• Manages the team to ensure efficient departmental processes are in place, establishing departmental goals, supporting corporate goals and initiatives, and setting priorities to ensure yearly goals are met. Acts as a knowledge expert in the organization.
• Partners with Brand Finance leads, FP&A, Investment Planning and other business partners to support budgeting, forecasting and periodic estimate processes associated with lease accounting and real estate activities, including analysis of variances to budget, forecast and prior periods.
• Responsible for performance management, training and development of the team and drives continuous improvement and standardization of lease accounting processes.
• Provides Global partners (GSO) and other stakeholders with critical U.S. lease accounting reporting by Brand and Support Company that supports management reporting and external financial disclosures.
• Manages, organizes and administers implementation of special projects, business enhancements and changes in business processes related to…