Senior Accountant, Real Estate

Neiman Marcus
Bal Harbour, Florida, United States
25 May 2022
01 Aug 2022

Neiman Marcus Group (NMG) has been the premier destination for luxury fashion and goods, superior service, and an elevated retail experience for more than a century. Today, 9,000 associates contribute to the success of NMG's brands: Neiman Marcus, Bergdorf Goodman, Last Call, and Horchow. There are 38 full-line Neiman Marcus stores in cosmopolitan markets across the United States and a sophisticated digital platform that attracts shoppers worldwide. Bergdorf Goodman operates two stores in landmark locations on Fifth Avenue in New York City and, catering to loyal luxury customers globally. NMG also owns five Last Call stores and, an e-commerce site that offers premium furniture and home decor.

As an organization, NMG is on a transformational journey to become the preeminent luxury customer platform. NMG continues to deliver the best integrated customer experience and has evolved the business to succeed in the ever-changing retail landscape. NMG is a relationship business. What differentiates the organization from other luxury retailers are its unique assets: a strong store footprint, the most knowledgeable associates, an engaging online experience, solid brand partnerships, innovative digital and in-store experiences, the most loyal luxury customer base, and a strong balance sheet.

Our customers will always be at the center of everything NMG does. The company continues to reinvest in new technologies that enhance the customer experience. NMG meets customers where they are. NMG's goal is to offer customers a seamless experience across its stores, online, and remote digital selling.

NMG's priority is to develop a highly engaged and high-performing team where everyone belongs. The business attracts and retains best-in-class talent through unique offerings provided to associates in addition to standard employer benefits. These include an innovative way of working, associate discounts on merchandise, tuition reimbursement, associate hardship fund, and paid time off to volunteer, to name a few.

As part of NMG's Environmental, Social, Governance (ESG) work, the organization is focused on driving its core value of being "All Heart." NMG is also assessing its current environmental and social impact while developing a three-year plan to lead the luxury industry in its commitment and transparency to environmental and social sustainability. NMG strives to become an employer of choice, driven by a culture of Belonging. A dedicated team focuses on this journey, directly impacting how NMG conducts business throughout the workforce, workplace, and marketplace dimensions.

NMG has incredibly passionate and committed corporate and store associates. NMG offers associates an environment where everyone feels welcomed, nurtured, and empowered. Our associates are the heart of NMG. As an organization, NMG leads with love - love for customers, love for associates, and love for brand partners.


Responsible for handling and monitoring Neiman Marcus Group Real Estate and Lease accounting.

Qualifications - External

The senior accountant is primarily responsible for the accounting within the Real Estate department, which falls under the Accounting & Financial Reporting Department. The responsibilities for this position include assisting with the month-end close process, preparing monthly reconciliations, and analyzing/explaining account fluctuations, as well as preparing monthly reporting packages and schedules. This position will work closely with other departments to forecast, analyze, and actualize balances, income and expenses related to Real Estate properties and other store related accounts. This position reports into a Manager, and has regular interactions with Director and VP of department.

Key Performance Elements
  • Responsible for all aspects related to month-end close process for Real Estate and related property accounts including preparation of journal entries and assumptions made regarding month/quarter/year end balances
  • Responsible for preparation of monthly GL reconciliations for related Real Estate and Lease accounts
  • Monitor and analyze monthly rent, contingent rent, and store related expenses
  • Maintain reporting and consolidation of monthly ASC 842 schedules, analysis, and other reporting needs
  • Partner with third party lease administrator to maintain all lease agreements, payment schedules, etc
  • Partner with FP&A teams to prepare and analyze monthly forecast for rent expense and other store related expenses
  • Explain monthly, quarterly and annual balance sheet and income statement variances
  • Collaborate with various departments within the organization on a weekly/monthly basis -Accounting, Accounts Payable, Real Estate, Financial Planning, Internal Audit, etc.
  • Assist with special projects, additional related tasks, and ad-hoc responsibilities as needed

Requirements - Knowledge, Skills, Abilities
  • Bachelor's degree in Accounting
  • CPA preferred
  • Experience in Oracle and Hyperion Essbase, and Business Objects is a plus
  • Extensive experience within Excel
  • Excellent oral and written communication skills
  • Strong analytical and quantitative skills
  • Strong attention to detail
  • Ability to handle competing priorities, commitment to tight deadlines

Work Experience
  • Public accounting experience preferred
  • 2-4 years or progressive accounting experience required

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