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Form of workIf you want an exciting job with one of the largest off-price retail stores in the nation, join the Burlington Stores, Inc. team as a Staff Accountant II - Lease Accounting!
Position Summary:
This position is responsible for account analysis with concentration in lease accounting. Includes preparation of schedules within lease accounting software, to be utilized in calculation of journal entries and forecasting/planning processes. Work with operational departments to facilitate upload of accruals to the general ledger and obtain variance analysis for month end close. Assist with preparation of financial statements and disclosures.
Major Duties and Responsibilities:
- Develop understanding of appropriate accounting treatment of all leases in accordance with Generally Accepted Accounting Principles (GAAP) Accounting Standards Codification 842: Leases.
- Reviews contracts to assess for lease or non- lease classification
- Perform finance vs. operating lease testing to determine accounting classification and treatment of all executed leases and modifications
- Perform monthly close and analysis for financial accounting. Prepare journal entries and accrual calculations. Conduct variance analysis, investigate, and analyze drivers. Ensure data integrity by identifying errors/trends in accounting data to improve accuracy, timeliness, and general flow of accounting data.
- Assist senior accountants in preparing plans/forecasts for occupancy expenses. Analyze and review forecast to actual results on both consolidated level and by location and department. Prepare summarized variance explanations.
- Prepare financial analysis on specific lease deals on as needed basis for Financial Planning & Analysis and Profit Improvement Center departments
- Prepare work papers and roll forwards, supporting schedules and documentation to support month end close.
- Assist functional areas by providing data, aid in preparation of monthly journal entries, provide guidance on proper coding of invoices and allocation of costs and maintaining proper accounting policies. Assist with ad-hoc reporting.
Scope:
Company-wide accounting. Responsible for the integrity of accounts in the organization’s financial reports. Interact with management within Finance and across other functions (e.g., supply Chain, store operations). Contributes to process improvements.
Education:
Bachelor’s Degree in Finance or Accounting preferred
Experience:
2-3 years working experience in a Finance/Accounting field
Skills and Abilities:
- Proficient in Microsoft Excel
- Knowledge of accounting process, procedures, and financial statements
- Knowledge of basic lease accounting principles and terminology
System Experience preferred:
- Lucernex (Lease Accounting Software)
- Oracle Financials
- Cognos Business Intelligence
Come join our team. You’re going to like it here!
You will enjoy a competitive wage, flexible hours, and an associate discount. Burlington’s benefits package includes medical, dental and vision coverage including life and disability insurance. Full time associates are also eligible for paid time off, paid holidays and a 401(k) plan.
We are a rapidly growing brand, and provide a variety of training and development opportunities so our associates can grow with us. Our teams work hard and have fun together! Burlington associates make a difference in the lives of customers, colleagues, and the communities where we live and work every day. Burlington Stores, Inc. is an equal opportunity employer committed to workplace diversity.
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Pay Range: $50,000/yr - $70,000/yr
