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Sr Accountant - Lease Accounting at Wendy's in Dublin, OH
Skills
Job Description
When our square shaped burgers made their first sizzle on the scene more than 50 years ago, people knew our approach wasn’t like any other. Same goes for the way we support our employees. Our culture of openness, flexibility, and inclusiveness allows everybody to flourish in their own way. If you’re looking for a career where you can be part of the action as we continue to grow our iconic brand – We got you!
The Senior Accountant, Lease Accounting will be responsible for determining the proper accounting treatment in accordance with GAAP for real estate, equipment, automotive, and other leases, and to ensure all necessary related journal entries (when applicable) are recorded accurately. They will be responsible for compiling and analyzing the lease related financial statement disclosure information to be reported in our SEC filings, ensuring timely completion in accordance with established deadlines. The Senior Accountant will also be responsible for the budgeting and forecasting of multiple lease related expense and income accounts. In addition, the Senior Accountant will participate in researching and documenting technical accounting analyses of complex real estate and lease related transactions and monitoring and implementing updates to the Lease Accounting Standard (ASC 842).
Responsibilities:
- In coordination with other members of the Lease Accounting team, analyze and account for new leases, lease amendments, renewals, and other lease modifications in accordance with GAAP. As a subject matter expert in the area, complete more complex analysis and transactions and support/evaluate work of other team members.
- Become and remain the subject matter expert on the Lease Standard (ASC 842), including: Research, interpret, and document technical accounting analyses of complex real estate and lease related transactions through comprehensive memos that can be used to impact strategic business decisions. Monitor and implement updates to the Lease Accounting Standard (ASC 842).
- Prepare the budget and forecast files. Analyze the outcomes to ensure accuracy and provide comprehensive variance explanations for material changes. This includes partnering with cross functional groups (Portfolio Management) to track upcoming new and modified leases which need to be incorporated into the forecast.
- Prepare and analyze footnotes related to leases to be included in the company’s quarterly and annual SEC filings. Perform analysis on the footnotes to help support the story behind material changes quarter over quarter.
- Reconcile the general ledger to the subledger for lease related assets and liabilities
- Education: Bachelors Degree in Accounting required
- CPA or CPA candidate preferred
- 2-3+ years industry in the area of real estate, leases, etc.
- 1+ years public accounting preferred
- ASC 842 experience and knowledge
- Strong analytical skills, written and verbal communication skills, and knowledge of Microsoft Excel & Word.
- Experience utilizing T-Value software and having Oracle knowledge.
Expected Work Location (In Office): It is expected that you will primarily perform work at the Wendy's Restaurant Support Center (RSC) (1 Dave Thomas Blvd, Dublin, OH 43017), or at other location(s) as designated by the Company. You are required to work in the office at least 4 days a week. Changes to work location arrangements are subject to managerial approval and business needs. #LI-Onsite
Wendy’s was built on the premise, "Quality is our Recipe®," which remains the guidepost of the Wendy's system. Today, Wendy's and its franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide with a vision of becoming the world's most thriving and beloved restaurant brand.
The base pay range for this position is listed below. The base pay actually offered will take into account internal equity and budget for the open position and also may vary depending on the candidate’s job-related knowledge, skills, and experience, among other relevant factors. This range does not include an estimated value for any benefits, bonus, or other incentives that may be applicable based on position. The target annual bonus for this role is 10% of annualized base salary, based on actual company and personal performance.
Our square burgers make us different and so do our benefits! Our restaurant support roles are eligible for a wide array of benefits, including things such as parental leave, free EAP sessions, company 401k match and other great offerings. For more details about our benefits, including an overview of eligibility and terms for certain benefits, please visit our benefits website, www.wendysbenefits.com.
NOTE: Wendy’s benefits, bonus, and other incentives are governed by the applicable legal plans and policies and, where appropriate, may be subject to Board approval an individual award agreement terms. Those documents supersede all other information regarding Wendy’s benefits, bonus, and other incentives. Wendy’s retains the right to amend or terminate its plans and policies at its sole discretion, in accordance with applicable plans, policies and laws.