What are the responsibilities and job description for the Lease Accountant position at Raising Cane's?
At Raising Cane’s Chicken Fingers® we serve only the best tasting and most craveable chicken finger meals. It’s our ONE LOVE®. Our Crew make it happen, our Culture makes it unique and the Community makes it all worthwhile.
Every talented Crewmember in our Restaurant Support Office (RSO) is important to our success and a value to our rapidly growing Company. We all work with a sense of purpose and focus on our chicken finger meals, Customers, Crew, Communities and Company Culture. We are constantly striving to Raise The Bar. The future for Raising Cane’s is growth focused and we’re on the path to being one of the top 10 restaurant companies in the United States.
Your Role at Raising Cane’s:
The Lease Accountant is a valued part of the Lease Accounting team and assists in the lease accounting process for 780 company operated restaurants. This role facilitates lease payments, performs monthly recording and review of lease transactions, and serves as the primary point-of-contact for addressing landlord inquiries related to lease payments. This position works closely with internal teams to maintain all leases in Lucernex (LX), our lease accounting software.
Your Impact and Responsibilities:
- Sets up rent payment schedules in LX and validates lease data and attributes input by the lease administration team
- Tactfully negotiates resolution of disputes between landlords and Cane’s regarding lease terms and account reconciliations of property related expenses
- Reports and tracks overall savings obtained by the Lease Accounting team
- Properly interprets and ensures compliance of all lease-related payments including but not limited to base rent and property related expenses
- Works closely with the AP team to reconcile lease related transactions and monthly rental payments, accurately and timely
- Calculates monthly percentage rent and posting of the percentage rent accrual
- Prepares ad hoc reports as necessary using strong business acumen to meet the requestor’s objectives
- Prepares reconciliations to the landlords statement of property related expenses and ensures that they are aligned with the terms of the lease
- Creates efficiencies in lease accounting processes to support rapid Company growth
- Assists with documentation of technical processes for internal use and audit purposes
- Assists in period-end journal entry processing, balance sheet reconciliations, and other reviews of financial data
- Assists with other projects as assigned
Requirements for Success:
- 3 years of relevant work experience, preferably in restaurant company or in the retail industry
- Bachelor’s degree in accounting or related area, or additional relevant career experience
- Ability to interpret lease agreements and other legal documents
- Ability to work effectively with Lease Administration and other teams to provide accurate lease information
- Highly energetic with strong analytical, written, and verbal communication skills
- Experience with lease administration and accounting systems - Workday and Lucernex experience preferred
- Experience using Microsoft Office, with extensive knowledge of Excel
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