Manager - Lease Operations

2 days ago

Hyderabad, India Inspire Brands Hyderabad Support Center Full time

About Inspire Brands:

Inspire Brands is disrupting the restaurant industry through digital transformation and operational efficiencies. The companys technology hub, Inspire Brands Hyderabad Support Center, India, will lead technology innovation and product development for the organization and its portfolio of distinct brands. The Inspire Brands Hyderabad Support Center will focus on developing new capabilities in data science, data analytics, eCommerce, automation, cloud computing, and information security to accelerate the companys business strategy. Inspire Brands Hyderabad Support Center will also host an innovation lab and collaborate with start-ups to develop solutions for productivity optimization, workforce management, loyalty management, payments systems, and more.

The Manager, Lease Accounting leads a team of lease accountants and accounting coordinators in support of the operational lease accounting function to ensure complete and accurate financial close,internal, and external reporting, and the end-to-end lease cycle.

This position will ensure that the lease accounting policy (in accordance with US GAAP ASC 842) is executed and documented, along with appropriate governance, controls, and segregation of duties. This role is highly collaborative and highly visible given the lease accounting risk to the financial statements and important stakeholders (lease admin/legal, accounts payable, financial reporting, corporate accounting, FP&A, Treasury, Tax, etc.).
This role partners with other functional teams and franchisees, creating efficiency, automation, and standardization over the end-to end process. Further, this role is critical in ensuring business continuity and effective controls in the process.

RESPONSIBILITIES:

  • Shared service/centralized lease accounting close and reporting process, ensuring compliance with U.S. GAAP, internal controls and company policy and procedures for the accurate and timely reporting and payment/billing of leases.
  • Manage lease accounting operations and activities including monthly close process, monthly rent and common area maintenance payments/billings, and monthly lease year end processes related to percent rent billings
  • Review lease portions of transfer settlement statements.
  • Supervise/coach staff of up to five people and assist in their professional development
  • Review monthly P&L accounts related to CAM and taxes and research discrepancies between payments and billings to franchisees.
  • Review daily/weekly/monthly activity prepared by the lease group including, but not limited to percent rent payments/billings, CAM reconciliations, rebilling to franchisees, invoice adjustments, etc., ensuring the accurate and timely processing of financial transactions
  • Review balance sheet account reconciliations
  • Review and approve journal entries
  • Research and analyze issues and inquiries and provide guidance to staff when resolving issues.
  • Provide outstanding customer service
  • Integrate processes across acquired brands into centralized teams, processes, and systems

EDUCATION AND QUALIFICATIONS:

  • Bachelors (or equivalent) degree in accounting required
  • Chartered Accountant required
  • Minimum 7 years of public accounting or large multinational company accounting experience
  • Minimum 3 years of lease or property accounting experience required
  • Experience with general ledger accounting systems (Oracle Cloud preferred)
  • Proficient understanding of and proven experience working in US GAAP-based financial accounting (ASC 842, Lease Accounting, experience preferred)

REQUIRED KNOWLEDGE, SKILLS, OR ABILITIES:

  • Flexible, hands-on, self-starter with strong initiative and work ethic
  • Business-minded, analytical accountant who can work through complex technical accounting issues while balancing and managing details as needed
  • Ability to work in a dynamic, fast paced, fast growing company
  • Ability to develop effective workplans and meet assigned deadlines
  • Team player who works with appropriate sense of urgency and ownership to meet deadlines and make progress on multiple brands, projects, and workstreams simultaneously.
  • Excellent communication skills and a customer service
  • Proficient in MS Excel (e.g. pivot tables, X-lookups, etc.) and Word
  • Oracle knowledge is a plus

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