Senior Accountant, Leases

Hugo Boss
New York City, New York, USA
30 Apr 2022
24 Jun 2022
Our vision is to establish HUGO BOSS as the leading premium tech-driven fashion platform worldwide and to be one of the top 100 global brands. At HUGO BOSS, we work as a team to apply our knowledge, skills and experience together and create a diversity of ideas and solutions. What unites us? We love fashion, we change fashion!

At HUGO BOSS, you have the opportunity to contribute your personality, ideas and creativity - because only when we break new ground together can we create something unique. Become part of our team of more than 14.000 employees worldwide and shape your future/drive your future/drive your growth, at HUGO BOSS!

Senior Accountant, Leases
HUGO BOSS Fashions, Inc. | New York City | United States | Full-time

Support the HUGO BOSS subgroup in the US, as well as the entity in Canada, with the preparation of the day-to-day lease accounting activities. The Senior Accountant, Leases is responsible for overseeing the accuracy and integrity of all lease related accounting issues.

These responsibilities include ensuring the accuracy of the Company's lease liability, tenant improvement allowance, real estate tax, common area maintenance and percentage rent liabilities. S/he will assist to ensure the compliance with accounting guidelines within the assigned tasks and act as a business partner to improve the quality of the financial close. Additionally, s/he will provide with assistance of financial audits (e.g. year-end audits) or landlord audits are part of the position. The Senior Accountant, Leases will work closely with other Finance teams (Accounts Payable & Treasury, Credit and Tax department), Financial Analysis & Planning, Legal, Real Estate and Business departments. The position is based in New York City, New York.

All candidates should be aware that HUGO BOSS currently maintains a policy, requiring all employees to be fully COVID vaccinated (which includes a booster shot). Newly hired employees must be fully vaccinated by their start date. HUGO BOSS is an equal opportunity employer and will provide a reasonable accommodation to those unable to be vaccinated for medical or religious reasons where it is not an undue hardship to the Company to do so as provided under federal, state and local law. In addition, HUGO BOSS will provide additional accommodations consistent with the requirements of NY state vaccination law.

What you can expect:
  • Post and review of General Accounting entries (such as Inventory, Fixed Assets, Accrurals and Provisions entries) in SAP on a dialy basis
  • Perform accounting and general ledger duties including reconciling assigned accounts on a monthly basis and creating journal entries to correct, reclassify, or record items
  • Work closely with Real Estate, Legal and Construction departments to understand the key terms of lease and construction agreements
  • As part of the month end close process, prepare journal entries relating to but not limited to, straight line minimum rent, prepaid rent, accrued percentage rent, and amortization of lease incentives
  • Prepare straight line and tenant allowance work papers to support accounting entries accordingly
  • Responsible for analyzing store occupancy expense accounts, including communication with Financial Planning & Analysis department to ensure that accruals are properly recorded and that variances to budget are understood and explained
  • Coordinate and track monthly fixed/variable rental payments with Accounts Payable team
  • Assist Real Estate with update of financial data, including monthly payments, within lease profiles
  • Primary point of contact for landlords to resolve billing, reconciliations, coordination of audits and other lease related issues
  • Responsible for assisting Financial Planning & Analysis department with the annual budget and semi-annual forecast process for store occupancy expense accounts
  • Act as business partner and transfer accounting/reporting knowledge to other departments
  • Contribute to ensure the timely and accurate monthly, quarterly and year-end close based on internal as well headquarter (HQ) deadlines
  • Review if assigned accounting topics are in line with accounting guidelines based on HQ procedures and IFRS updates
  • Support Finance related audits (e.g. annual year-end audit)

Additional Responsibilities:
  • Assist with system development and implementation projects
  • Identify opportunities to enhance existing processes or procedures to improve control, measurement, and/or productivity
  • Primary point of contact for landlords to resolve billing, reconcilations, coordination of audits and other lease related issues
  • Performs other duties as required.

Your profile:
  • BS/BA in Finance or Accounting
  • 1-3 years of professional accounting/finance experience required
  • First experience within the knowledge of accounting principles, practices, standards, laws and regulations
  • Knowledge of SAP (R/3) a plus as well as InvoiceLine
  • Industry (Retail/WHS/eCommerce) is a plus
  • Proficiency with Microsoft applications (particularly excel)
  • Must be able to work independently and take initiative, hands-on mentality
  • Detail oriented and enthusiastic
  • Strong verbal and communication skills as well as project management skills
  • Ability to multitask and work under deadlines

Your benefits:

HUGO BOSS offers a comprehensive benefits package which includes:
  • Hybrid Working Model
  • Flexible Commuting
  • Flexible Fridays & Summer Fridays
  • 21 paid days off (pro-rated based on first year of employment) plus your Birthday off
  • Generous Employee Discount Program
  • Medical, Dental, Vision Benefits with Health Saving Account (HSA) option
  • 401(K) with company match
  • Flex Spending Account (FSA)
  • Commuter Benefits (Pre-tax)
  • Voluntary Benefits and Critical Illness
  • Company sponsored Life and Disability benefits
  • Employee Assistance Program (EAP)
  • Discounts for auto/home/pet insurance
  • Gym membership discount

We are a global company with our employees representative of the world at large. Our inclusive culture embraces each person's authenticity and individuality. We are committed to equal employment opportunity. And we believe our equitable work environment helps unleash your full potential and inspires you to thrive.

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