• Lease Accountant III

    Job Function
    Accounting/Financial Services
    Position Type
    Experienced Professionals
    City
    Atlanta
    Requisition ID
    2018-6306
  • Overview

    Leasing of real property and equipment is a critical component of Chick-fil-A’s business operation, and the Lease Accounting team is the first point of contact in Financial Services when a new lease has been negotiated and executed by our Restaurant Development department.  The Lease Accountant III is a professional role entrusted with applying complex accounting rules to real estate and equipment leases for Chick-fil-A restaurants and corporate properties and with ensuring all initial financial lease obligations are met.  The Lease Accounting team is looking for a natural problem-solver who is analytical, coachable, and continually seeks process improvement.  A Lease Accountant III will need to lead work for their region independently and be able to work cross-functionally both inside and outside of Financial Services.  Previous lease accounting experience is not required.

    Responsibilities

    • With minimal supervision, perform accounting on all Chick-fil-A, Inc. lease agreements, amendments, extensions and other financial agreements covering restaurant sites and corporate properties within assigned regions
    • Become proficient in applying broad GAAP and/or IFRS lease accounting principles to complex lease transactions, consulting in-house Technical Accountant as needed
    • Partner with Restaurant Development and Legal Operations to ensure initial rental obligations are met based on lease critical dates
    • Communicate and solve lease issues with Landlords and Restaurant Franchisees
    • Maintain data integrity within the lease management system to provide accurate and timely reporting for internal parties 
    • Create Rent Calculation Report for lease/sublease to Chick-fil-A Restaurant franchisees and communicate all associated pass-through charges pursuant to Franchise Agreement
    • Ensure proper accounting entries and accruals are made on both Chick-fil-A, Inc. financial statements and Restaurant Franchisee Fee Calculation Reports
    • Understand and help implement the new FASB lease accounting standard ASC 842, including the development of significant lease accounting policies
    • Develop relationships across the business to be a trusted resource and problem solver on financial lease issues
    • Perform ad-hoc projects, tasks, and analysis to help support decisions, resolve issues or support other business needs related to leasing data

    Minimum Qualifications

    • 2-3 years of experience
    • Analytical & detail-oriented
    • Ability to manage multiple outstanding issues and deadlines
    • Strong interpersonal & written communication skills
    • Ability to work independently and in teams
    • Aptitude for problem solving and innovation
    • Proficient in Microsoft Office Suite
    • CPA license (awarded or in the process)
    • Must pass Chick-fil-A Accounting Test

    Preferred Qualifications

    • Experience reading, interpreting and applying lease language in retail leases
    • Experience applying GAAP/IFRS lease accounting principles
    • Experience using Oracle and/or IBM TRIRIGA
    • Advanced Microsoft Excel skills
    • 2-3 years of experience 

    Minimum Years of Experience

    2

    Travel Requirements

    0%

    Required Level of Education

    Bachelor's Degree

    Preferred Level of Education

    Bachelors Degree

    Major/Concentration

    Accounting or Finance

    Minimum GPA (4.0 Scale)

    3.2

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    Connect with us! We’re always looking for talented minds to join our team. Interested in learning more about Chick-fil-A, but don’t see an opening that’s the perfect fit just yet? Connect with us so we can stay in touch. Want to know more about Chick-fil-A? This video is a great place to start! Chick-fil-A, Inc. Work Full of Life