LOCATION 1830 Route 130 North Burlington NJ US 08016

Overview

If you want an exciting job with one of the largest off-price retail stores in the nation, join the Burlington Stores, Inc. team as a Senior Accountant I - Lease Accounting!

Position Summary:

This position is responsible for account analysis with concentration in lease accounting. Includes preparation and review of schedules within lease accounting software, to be utilized in calculation of journal entries and forecasting/planning processes. Assist with preparation of financial statements and disclosures.

Major Duties and Responsibilities:

• Application of appropriate accounting treatment of all leases in accordance with Generally Accepted Accounting Principles (GAAP) Accounting Standards Codification 842: Leases to perform the following:
• Review contracts to assess for lease or non- lease classification
• Perform finance vs. operating lease testing to determine accounting classification and treatment of all executed leases and modifications
• Ensure proper recognition of all leases on financial statements
• Perform monthly close and analysis for financial accounting. Prepare or Review journal entries and accrual calculations. Conduct variance analysis, investigate, and analyze drivers. Ensure data integrity by identifying errors/trends in accounting data to improve accuracy, timeliness, and general flow of accounting data. Independently address unique scenarios to obtain proper accounting.
• Prepare plans/forecasts for occupancy expenses. Analyze and review forecast to actual results on both consolidated level and by location and department. Review summarized variance explanations for financial reporting.
• Prepare financial analysis on specific lease deals on as needed basis for Financial Planning & Analysis and Profit Improvement Center departments. Perform ad-hoc reporting to assist real estate and legal departments
• Review work papers and roll forwards, supporting schedules and documentation to support month end close.

Scope:

Company-wide accounting. Responsible for the integrity of accounts in the organization’s financial reports. Interact with management within Finance and across other functions. Contributes to process improvements.

Education:

Bachelor’s Degree in Finance or Accounting preferred

Experience:

Skills and Abilities:

• Well versed in Microsoft Excel
• Knowledge of accounting process, procedures, and financial statements
• Knowledge of basic lease accounting principles and terminology

System Experience preferred:

• Lucernex (Lease Accounting Software)
• Oracle Financials
• Cognos Business Intelligence

Come join our team. You’re going to like it here!

You will enjoy a competitive wage, flexible hours, and an associate discount. Burlington’s benefits package includes medical, dental and vision coverage including life and disability insurance. Full time associates are also eligible for paid time off, paid holidays and a 401(k) plan.

We are a rapidly growing brand, and provide a variety of training and development opportunities so our associates can grow with us. Our teams work hard and have fun together! Burlington associates make a difference in the lives of customers, colleagues, and the communities where we live and work every day. Burlington Stores, Inc. is an equal opportunity employer committed to workplace diversity.

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Pay Range: $65,000/yr - $80,000/yr

Posting Number 2023-198517

Location US-NJ-Burlington

Address 1830 Route 130 North

Zip Code 08016

Workplace Type Hybrid

Position Type Regular Full-Time

Career Site Category Corporate

Position Category Accounting

Evergreen Yes