Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
The position is responsible for all activities related primarily to timely and accurate processing of rent and occupancy related disbursements to landlords in accordance with lease agreement terms, company policy and GAAP guidelines to ensure accurate flow-through to the financial statements.
Essential Duties & Responsibilities
•Processing of monthly fixed and variable rent payments and ensure appropriate accounting entries are processed to GL
•Processing of monthly occupancy payment (both escrow and one-time)
•Enter scheduled and non-scheduled payments in accordance with lease terms
•Ensure compliance with lease "certified sales statements" requirements
•Partner with Real Estate and Legal on an "as-needed" basis.
•Ensure compliance in accordance with internal and external audit requirements by compiling, completing and effectively responding to all audit requests.
•First line of contact for all escalating issues
•Perform additional miscellaneous duties as assigned
Experience, Skills & Knowledge
•Ability to work with minimal supervision in a high volume, deadline-driven, transactional environment.
•Ability to perform with a high level of accuracy and attention to details
•Ability to multi-task and appropriately prioritize tasks.
•Ability to articulate in a clear, concise, complete, and professional manner, both verbally and in writing.
•Ability to build and maintain positive professional relationships and demonstrate a customer service approach to daily work activities.
•Ability to perform root cause analysis/critical thinking upon erroneous transactions / processes and develop recommendations to correct.
•Ability to maintain positive and professional relationships and demonstrate strong customer service with Landlords.
•Basic knowledge and understanding of Lease Accounting and Payables
•MS Outlook, Word and Excel skills at an intermediate level or better. Excel skills include Macros, Pivot Tables, V-Lookups, etc. MS Visio is desirable.
•Working knowledge of SAP Accounts Payable preferred
•Associates Degree in a business-related discipline strongly preferred, Bachelor's Degree in a business-related discipline
•Large ERP system experience required (SAP, Ariba, CoStar)