Technical Lease and Capital Accounting Manager

BJ's Wholesale Club - Marlborough, MA

Full-time - Mid Level

Marlborough, MA

10,001+ employees

General Merchandise Retailers

About the position

The Technical Lease and Capital Accounting Manager at BJ's Wholesale Club will play a pivotal role in leading the technical lease and capital accounting functions within the Finance department. This position is essential for ensuring that all lease accounting transactions are reviewed and processed accurately, while also collaborating with various internal departments such as Real Estate, Property and Development, Facilities, and Legal. The successful candidate will be responsible for gaining insights into the company's projects that have capital- and lease-related implications, as well as maintaining the associated assets. In addition to overseeing the monthly close process, the Technical Lease and Capital Accounting Manager will be involved in quarterly and year-end reporting. This role requires a confident individual who can effectively communicate and work with a diverse range of stakeholders to ensure that information is shared in a timely, accurate, and complete manner. The manager will gather information from various teams and provide updates back to them, ensuring a seamless flow of communication and data. The core responsibilities include collaborating with the Real Estate and Development teams to gather necessary information about capital projects, reviewing ASC 842 transaction files, maintaining processes in Capital Control, and acting as the main point of contact for property development and maintenance teams. The manager will also participate in the month-end close for both Leasing and Capital Control, review journal entries and reconciliations, and handle internal and external audit requests related to technical Leasing and Capital Control. This position may also involve performing additional duties or projects as necessary in the management of files related to technical Leasing and Capital Control.

Responsibilities

• Collaborate with Real Estate and Development teams to gather necessary information about the progress of capital projects.
• Own the review of ASC 842 transaction files for lease commencements, modifications, and sale-leasebacks.
• Maintain processes in Capital Control, including reviewing transactions for capitalization vs expense accounting treatment.
• Review the settlement of assets under construction as they are placed into service.
• Review the retirement of assets and assess the potential impact to the P&L.
• Act as the main point of contact with property development and maintenance teams for reporting needs.
• Participate in the month-end close for Leasing and Capital Control, including reviewing journal entries and reconciliations.
• Act as a point of contact for internal and external audit requests related to technical Leasing and Capital Control.
• Perform other duties or projects as necessary in the management of files related to technical Leasing and Capital Control.

Requirements

• 2 to 5 years of relevant work experience (preferably with the Big 4), with exposure to Technical Leasing (ASC 842) and/or Capital Control.
• Certified Public Accountant required.
• Experience with technical accounting research required.
• Degree in Business Administration, Accounting or other business discipline required.
• Must be comfortable managing multiple priorities in a fast-paced, high-volume environment.
• Advanced Microsoft Excel skills, proficient in the entire Microsoft Office suite.
• High level of attention to detail.
• Excellent organizational skills and multi-tasking abilities.
• Strong analytical skills to identify and research issues.
• Excellent written, interpersonal, and communication skills.
• Self-motivated and results driven.
• Ability to work independently and within a team to build relationships and interact effectively with business partners.

Benefits

• BJ's pays weekly
• Eligible for free BJ's Inner Circle and Supplemental membership(s)
• Generous time off programs including Vacation, Personal, Holiday, Sick, Bereavement Leave, Jury Duty
• Benefit plans including three medical plans, Health Savings Account (HSA), two dental plans, vision plan, flexible spending accounts.