Manager of Accounting

Overview:

Additionally, the position is responsible for supporting both internal and external audits and ensuring compliance with internal controls. The role requires timely execution of transactions, collaboration across departments, and attention to detail to ensure accurate financial results and operational efficiency.

Responsibilities:

General Ledger and Month-End Close:

• Manage and record general ledger (GL) entries assigned by the Director of Accounting:
• Ensure all entries are timely and accurate during the month-end close process.
• Work to resolve discrepancies during the close period.
• Review and reconcile GL accounts related to prepaids, other assets, accrued liabilities and other balance sheet accounts:
• Ensure accuracy and completeness of the reconciliation during month-end close activities.
• Ensure accounting processes align with company policies and applicable accounting standards during the month-end closing:
• Monitor internal controls and ensure processes comply with regulatory requirements.
• Actively participate in month-end close activities:
• Prepare and validate journal entries for all relevant general ledger accounts.
• Ensure the timely and accurate reporting of monthly financial results.
• Collaborate with cross-functional teams to streamline and improve the month-end close process:
• Identify process bottlenecks and propose solutions for efficiency and accuracy.
• Fixed Asset and Lease Accounting:
• Oversee the full lifecycle of fixed asset accounting, including:
• Capitalizations, retirements, transfers, sales of assets, and asset adjustments.
• Ensure proper depreciation and accounting for asset disposals, transfers, and impairments.
• Manage lease accounting for 330+ sites, ensuring compliance with ASC 842:
• Identify, classify, and make accounting entries in the Costar system.
• Monitor lease terms, rent escalations, renewal options, and embedded clauses (e.g., variable or contingent rent).
• Collaborate with IT, project teams, and internal stakeholders to track hours and costs associated with capitalized projects:
• Ensure labor and project-related expenses are accurately captured and capitalized in accordance with company policy.
• Work with project managers to ensure compliance with capitalizing costs (e.g., labor hours, materials, overhead).
• Stay informed of updates and changes to ASC 842:
• Ensure the organization’s lease accounting practices are always in line with current accounting standards.
• Periodically review lease and asset processes to identify opportunities for process improvements.
• Support the preparation of quarterly and annual financial statements:
• Ensure accurate disclosures related to leases, right-of-use assets, lease liabilities, and lease expenses.
• Prepare the required ASC 842 footnote disclosures.
• Collaborate closely with legal, real estate, and tax teams to ensure accurate accounting of lease agreement changes:
• Coordinate with the Tax Director to ensure property tax filings are compliant with relevant regulations.

Audit Coordination:

• Assist with quarterly review and year-end audits:
• Ensure timely and accurate submission of required documentation and responses to auditors.
• Coordinate with external auditors to facilitate the smooth execution of audit procedures.
• Provide supporting documentation for capital, lease, and GL transactions during audits:
• Supply requested schedules, reconciliations, and related materials.
• Lead internal control audits testing requests:
• Ensure compliance with Sarbanes-Oxley (SOX) requirements.
• Identify and implement opportunities for process improvements in internal controls.

Qualifications:

• Structured, organized, and focused thought processes; ability to lead by example with a bias toward action and the ability to work independently and in collaboration with cross-functional teams.
• Demonstrated analytical, organizational, conflict resolution, and negotiation skills, particularly in lease accounting, fixed asset management, and GL accounting.
• Strong ability to analyze data, draw conclusions, interpret results, and make recommendations related to capital, lease, and GL transactions.
• Excellent communication skills, both written and verbal, with the ability to respond to inquiries or issues from customers, regulatory agencies, or business stakeholders.
• Proficiency in Microsoft Word, Excel, and ERP systems; exposure to lease management systems like Costar and Oracle fixed asset management systems is preferred.

EDUCATION and/or EXPERIENCE:

• Bachelor's degree in Commerce, Accounting, Finance, or related field; MBA in Finance preferred.
• 8-12 years of month end close experience, with preference of 3-5 years of fixed asset and lease accounting experience.
• Experience working with IT teams to track hours and capitalizing project costs is a plus.
• Proven experience managing month-end close activities and coordinating audit requests, including internal control audits and SOX compliance.
• An equivalent combination of education and experience will be considered.

Pay Range: USD $100,000.00 - USD $125,000.00 /Yr.

EEO Statement /Reasonable Accommodation Notice:

advance_auto_parts_--_california_candidate_privacy_notice.pdf (worldpaccareers.com)

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age national origin, religion, sexual orientation, gender identity, status as a veteran and basis of disability or any other federal, state or local protected class.

Location Type: On-Site