Manager, Lease Accounting

$98,860 - $126,060/Yr

Shake Shack - New York, NY

Full-time - Mid Level

New York, NY

Food Services and Drinking Places

About the position

The Manager of Lease Accounting at Shake Shack will play a pivotal role in overseeing various accounting functions related to the company's operations. This position encompasses responsibilities for monthly, quarterly, and year-end closes, ensuring that all accounting activities are executed accurately and timely. The individual in this role will also provide strategic support and analysis for departmental and company-wide initiatives, contributing to the overall financial health of the organization. In addition to managing lease accounting, the Manager will be responsible for overseeing related occupancy expenses, including utilities. A critical aspect of this role involves understanding internal control design concepts to assess the effectiveness of controls in their area. The Manager will be tasked with enhancing processes and controls where appropriate, ensuring compliance with established standards and regulations. The position requires a proactive approach to process improvement, where the Manager will review existing processes, structures, and systems to identify opportunities for simplification, standardization, and optimization. This includes reducing manual, Excel-based activities and streamlining close-related activities to minimize the close timeline. Furthermore, the Manager will maintain ownership of SOX key controls related to owned accounts and processes, facilitating both internal and external audits. This includes ensuring complete, timely, and accurate responses to information requests. Coaching and team development are also essential components of this role, as the Manager will oversee a team of three accountants, helping them grow professionally through regular check-ins, performance reviews, and goal-setting aligned with departmental and company objectives. The Manager will also be involved in annual audits and quarterly reviews, ensuring effective communication between the general accounting team, external auditors, and other internal and external partners. This includes preparing balance sheet and income statement fluctuation analyses, evaluating workflow efficiency, and providing support to Tax and Financial Reporting while adhering to external reporting timelines.

Responsibilities

• Lease Accounting including preparing and/or reviewing period-end entries, account reconciliations, and account analyses, facilitating period-end closings by ensuring the accurate and timely completion of the accounting team's close-related responsibilities.
• Process Improvement including reviewing existing processes, structures, and systems to identify improvement opportunities with a focus on simplification, standardization and optimization, especially the reduction of manual, Excel-based activities and helping to drive the reduction of the close timeline by assessing and streamlining close-related activities.
• SOX compliance including maintaining ownership of SOX key controls related to owned accounts and processes and facilitating both internal and external audits ensuring complete, timely and accurate responses to information requests.
• Coaching and team development, including managing a team of 3 accountants and helping them grow professionally, performing quarterly check-ins and annual performance reviews for direct report, and establishing goals for the direct report that are aligned with overall department and company objectives.
• Annual audit and quarterly reviews including ensuring information flow between general accounting team, external auditors and other internal and external partners, preparing balance sheet and income statement fluctuation analyses, evaluating workflow efficiency and work to minimize fees, and providing requested support to Tax and Financial Reporting and adhere to external reporting timelines.

Requirements

• Skilled with Microsoft Office (Excel, Word, Outlook, Access)
• Strong understanding of GAAP and SOX required.
• 4-6 years related experience, and 1+ year of supervisory experience
• CPA preferred.
• BS/BA in Accounting or Finance required.
• Working experience and knowledge of ASC-842
• Minimum 2 years of experience at 'Big 4' public accounting firm preferred.