Lease Accountant III

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


Back to top