Posted on: December 9, 2020 | Job#: 344785

Senior Analyst - Lease Accounting

Full-time | 4400 Masthead St., Suite 300, Albuquerque, NM, US 87109-4684

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About Gap Inc.

Our brands bridge the gaps we see in the world. Old Navy democratizes style to ensure everyone has access to quality fashion at every price point. Athleta unleashes the potential of every woman, regardless of body size, age or ethnicity. Banana Republic believes in sustainable luxury for all. And Gap inspires the world to bring individuality to modern, responsibly made essentials.     

This simple idea—that we all deserve to belong, and on our own terms—is core to who we are as a company and how we make decisions. Our team is made up of thousands of people across the globe who take risks, think big, and do good for our customers, communities, and the planet. Ready to  learn fast, create with audacity and lead boldly? Join our team.

About the role

Real Estate leasing is a critical component of Gap Inc’s business strategy, and has a significant impact on the Company’s financial statements. This role is responsible for ensuring the financial profiling of accounting terms is done timely and accurately in the TELMS system. This role is also responsible for ensuring that all associated lease accounting is performed in compliance with GAAP (ASC 840). This position has global oversight of all lease accounting, including real estate and non-real estate (beginning in 2019). For real estate leases, the processes are centralized at the CSSC. For non-real estate leases, the processes are decentralized but with centralized governance. This position is also responsible for related key SOX controls, accounting policies, non-GAAP accounting conventions, and systems.

What you'll do

  • Technical subject matter expert for financial lease accounting
  • Understand upstream and downstream impacts of lease actions
  • Read and profile draft, extensions, amendments, and terminations for accounting impacts
  • Perform monthly, quarterly, and annual accounting activities including but not limited to account reconciliation, flux analysis, and close entries
  • Ensure close deadlines are met
  • Ensures compliance with accounting policies and GAAP
  • Communicates accounting impacts to ROD forecasting

Who you are

  • Bachelor's degree in Business, Finance, or Accounting or equivalent experience
  • 3 years in accounting or financial analysis
  • Experience with some aspect of Real Estate accounting or contracts is a plus
  • Intermediate Excel skills required
  • Strong strategic and analytical aptitude utilizing multiple points of data to drive decision-making
  • Strong problem identification, presentation, and resolution skills including working with cross-functional teams
  • Able to demonstrate effective communication and persuasion skills to various levels of the organization
  • Able to learn quickly, identifying a range of people and sources to gather information and manage multiple deliverables at a time

Benefits at Gap Inc.

  • Merchandise discount for our brands: 50% off regular-priced merchandise at Old Navy, Gap, Banana Republic and Athleta, and 30% off at Outlet for all employees.
  • One of the most competitive Paid Time Off plans in the industry.*
  • Employees can take up to five “on the clock” hours each month to volunteer at a charity of their choice.*
  • Extensive 401(k) plan with company matching for contributions up to four percent of an employee’s base pay.*
  • Employee stock purchase plan.*
  • Medical, dental, vision and life insurance.*
  • See more of the benefits we offer.

*For eligible employees

Gap Inc. is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We are committed to recruiting, hiring, training and promoting qualified people of all backgrounds, and make all employment decisions without regard to any protected status. We have received numerous awards for our long-held commitment to equality and will continue to foster a diverse and inclusive environment of belonging. This year, we’ve been named as one of the Best Places to Work by the Humans Rights Campaign for the fourteenth consecutive year and have been included in the 2019 Bloomberg Gender-Equality Index for the second year in a row.

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