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Sr. Accountant, Lease Accounting

Chick-fil-A

Chick-fil-A is a restaurant chain with a passion for service.

Overview

Leasing of real property and equipment is a critical component of Chick-fil-A Inc.’s consolidated business operations, and the Lease Accounting team is a primary point of contact in Financial Services when a new lease has been executed or amended. The Senior Accountant is a professional role entrusted with applying complex accounting rules to real estate and non-real estate leases for Chick-fil-A restaurants and other corporately controlled properties, and for ensuring all financial lease obligations are met. This role will work directly with Support Center Staff and third-party vendors to capture critical lease data, make critical lease accounting decisions, and apply complex accounting policies that align with Generally Accepted Accounting Principles. A Senior Accountant will serve as an expert within an area of lease accounting, will be able to interpret complex lease language, and communicate impacts to stakeholders within their specialty. The Lease Accounting team is looking for a natural problem-solver who is analytical, coachable, and continually seeks process improvement. A Senior Accountant will lead their assigned work independently, assist peers and team members with their work, and be able to work cross-functionally both inside and outside of Financial Services.

Responsibilities

  • Perform accounting on all Chick-fil-A, Inc. lease agreements, amendments, extensions, and other financial agreements covering restaurant sites, other corporate controlled properties, and non-real estate leases within assigned work.
  • Serve as problem-solving resource for peers and Lease Accounting team members
  • Evaluate current processes and procedures and influence change
  • Lead specific team processes or projects; may lead team meetings
  • Serve on cross-functional teams or projects beyond day-to-day role
  • Be proficient in applying broad GAAP and/or IFRS lease accounting principles to complex lease transactions, consulting in-house Corporate Accounting Policy team as needed
  • Partner with Restaurant Development and Legal Operations to ensure initial rental obligations are met based on lease critical dates
  • Communicate and solve complex lease issues with Landlords and Restaurant Franchisees
  • Maintain data integrity within lease management systems to provide accurate and timely reporting for internal stakeholders
  • 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 apply the FASB lease accounting standard ASC 842, including contributing to 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 lease data

Minimum Qualifications

  • Bachelor’s Degree in Accounting or Finance
  • Minimum GPA of 3.0+
  • 3-5 years relevant experience in accounting
  • CPA License or CPA exam completed
  • 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

Minimum Years of Experience

3

Travel Requirements

10%

Required Level of Education

Bachelor’s Degree

Major/Concentration

Accounting

Minimum GPA (4.0 Scale)

3.0

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Sr. Accountant, Lease Accounting

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Chick-fil-A

Chick-fil-A is a restaurant chain with a passion for service.

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