Lease Accountant-III at Columbia Sportswear Company

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Apparel, RetailIndustries

Requirements

Knowledge of lease accounting in accordance with ASC 842, including right of use asset, lease liability, tenant improvement allowances, nonlease components, rent accruals, and lease expenses
Familiarity with GAAP for preparing General Ledger entries and reconciliations
Experience with month-end close duties, journal entries, account reconciliations, and variance analysis
Ability to perform monthly account analysis of balance sheet and income statement accounts
Proficiency in reviewing landlord billings (e.g., CAM, marketing, taxes, insurance) and corresponding with landlords and real estate teams
Skills in preparing sales statements, supporting landlord audits, and assisting with rent payment files
Capability to deliver financial planning estimates, support forecasts, budgets, and long-range planning
Understanding of SOX compliance, internal controls, and documentation
Ability to handle special projects, ad-hoc requests, and review new leases or renewals
Strong communication skills for collaborating with accounting teams, management, real estate teams, and regional finance
High productivity with focus on continuous improvement of processes
Ability to work with minimal supervision on moderately complex tasks, following established policies while occasionally creating new ones with manager approval
Attention to detail to avoid errors impacting financial statements and strategic decisions

Responsibilities

Prepare monthly and quarterly General Ledger entries and reconciliations efficiently and in accordance with GAAP
Perform analysis of accounting records to explain variances from financial statement reviews and management inquiries
Conduct monthly account analysis of balance sheet and income statement accounts
Engage with accounting teams on GAAP issues, discussing with Accounting Manager or Regional Controllers
Prepare quarter-end and year-end lease schedules for management review and SEC financial statements/footnotes
Review and analyze landlord billings for CAM, marketing, taxes, insurance; correspond with landlords and Columbia’s Real Estate team on variances/reconciliations
Create recurring sales statements for landlords, coordinate internal reviews, and support landlord audits as needed
Assist with monthly rent payment file preparation for review by Sr. Director of Real Estate
Deliver financial planning estimates for lease expenses and coordinate with regional finance teams for forecast, budget, and long-range planning
Support ad-hoc requests from regional finance or Real Estate teams, including review of new leases or renewals
Handle special projects as assigned by Accounting Manager
Maintain SOX compliance activity and documentation; uphold internal control procedures
Drive continuous improvement of accounting processes and procedures
Perform other related duties as assigned and maintain positive communication across the organization

Skills

Key technologies and capabilities for this role

ASC 842Lease AccountingGAAPGeneral LedgerJournal EntriesReconciliationsMonth-end CloseAccount AnalysisFinancial ReportingSEC FilingsBalance Sheet ReconciliationRent AccrualsLandlord Billings

Questions & Answers

Common questions about this position

What is the salary or compensation for the Lease Accountant-III role?

This information is not specified in the job description.

Is this Lease Accountant-III position remote or onsite?

This information is not specified in the job description.

What key skills are required for the Lease Accountant-III position?

Key skills include expertise in lease accounting under ASC 842, GAAP knowledge, proficiency in reconciliations and journal entries, account analysis, and SOX compliance.

What is the team structure for this Lease Accountant-III role?

The role is part of the North America accounting team, involving collaboration with various accounting teams, Accounting Manager, Regional Controllers, Real Estate team, and regional finance teams.

What makes a strong candidate for the Lease Accountant-III position?

Strong candidates have deep knowledge of lease accounting (ASC 842), experience with GAAP reconciliations and financial analysis, ability to maintain SOX compliance, and a collaborative approach to partnering with business teams.

Columbia Sportswear Company

Designs and sells outdoor apparel and gear

About Columbia Sportswear Company

Columbia Sportswear Company designs and sells a variety of outdoor clothing and gear, including jackets, shirts, pants, shorts, footwear, and accessories like hats and backpacks. Their products are aimed at outdoor enthusiasts, hikers, campers, and active individuals of all ages. Columbia's products are known for their quality and durability, setting them apart from competitors in the outdoor apparel market. The company operates through a direct-to-consumer model, selling via their website, retail stores, and partnerships with other retailers, which helps them reach a wide audience. Their goal is to provide high-quality outdoor gear that enhances the experience of those who enjoy outdoor activities.

Portland, OregonHeadquarters

1938Year Founded

$40KTotal Funding

IPOCompany Stage

Consumer GoodsIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Company Match

401(k) Retirement Plan

Wellness Program

Employee Discounts

Mental Health Support

Risks

The new Cherry Hill Mall store may face challenges in a competitive retail environment.

The Vader Collection may not resonate with Columbia's core customer base.

Strategic shifts by new marketing leadership could impact brand loyalty.

Differentiation

Columbia Sportswear offers innovative outdoor apparel with a strong brand reputation.

The company employs a multi-channel sales strategy for broad market reach.

Columbia's collaborations, like the Star Wars collection, attract niche markets.

Upsides

The rise of outdoor activities post-pandemic boosts demand for Columbia's products.

Collaborations with franchises like Star Wars enhance brand visibility and appeal.

Direct-to-consumer sales and social media marketing reach younger demographics effectively.

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