L brands

Finance Manager, Lease Administration

L brands • $88K — $105K *
Reynoldsburg, OH 43068In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance or accounting preferred
  • 6-7 years of relevant experience, including 2 years in a managerial role
  • Experience in Lease Administration is a plus
  • Proficient in Microsoft Office applications (Excel, Word, PowerPoint, Outlook)
  • Strong analytical and problem-solving skills
  • Excellent attention to detail
  • Familiarity with SAP or Business Objects is a plus

Responsibilities

  • Support and develop a team of 4 analysts focused on lease payments for stores
  • Deliver expense savings through invoice audits and account reconciliations
  • Establish and maintain relationships with landlords for account reconciliation
  • Resolve disputed audit claims with landlords or escalate as needed
  • Manage weekly and monthly rent generation and control reports
  • Oversee budget and forecasts for store utilities
  • Collaborate with Financial Reporting team to ensure accurate accounting of accruals
  • Perform ad-hoc financial analysis to influence real estate portfolio decisions
  • Identify opportunities for process improvements and AI efficiencies
  • Share best practices across the department

Benefits

  • Comprehensive health insurance options
  • 401(k) retirement savings plan
  • Generous paid time off and holidays
  • Employee discounts on company products
  • Opportunities for professional development and growth
Full Job Description
The Finance Manager plays a key role on the Lease Administration team by managing a team that delivers expense savings directly to the company's bottom line through the invoice audit process and account reconciliations as it relates to retail leases. The ideal candidate possesses strong leadership skills and analytical thinking capabilities, is highly organized, and has excellent verbal and written communication skills. The candidate is also enthusiastic, self-motivated, and demonstrates the ability to drive results.

Key Responsibilities:

  • Support and develop a team of 4 analysts primarily focused on managing lease payments for the fleet of Victoria's Secret stores
  • Deliver expense savings through the invoice audit process and account reconciliations
  • Establish/maintain relationships with landlords to help in reconciling account balances and managing account disputes
  • Resolve disputed audit claims with landlords or escalate to our Legal or business partners as appropriate
  • Manage weekly and monthly rent generation, control reports and payment files
  • Manage budget/forecast of store utilities
  • Partner with Financial Reporting team to ensure proper accounting treatment of accruals/reserves; review and provide support for Blackbook balances
  • Perform ad-hoc financial analysis to help influence decisions as it relates to our real estate portfolio
  • Identify and implement process improvements and AI opportunities to drive efficiencies
  • Share best practices across the department


Must possess the ability to:

  • Lead, support, and develop a team of analysts
  • Develop a clear understanding of real estate processes and business issues
  • Demonstrate absolute adherence to internal controls and delegations of authority
  • Establish/maintain productive relationships with landlords and cross functional partners such as Retail Real Estate, Legal, and Financial Reporting
  • Read and interpret lease language and be able to apply to landlord invoices
  • Understand general accounting principles for accruals, reserves, etc. and partner with the Financial Reporting team to ensure accurate financials
  • Organize and prioritize workload for the team; ability to multitask
  • Perform business, legal, and financial analyses of invoice audit disputes
  • Clearly communicate points of view in a concise manner, both written and verbal
  • Organize and analyze large data sets using Microsoft Excel
  • Work independently and on group projects


Click here for benefit details related to this position.

Qualifications:

  • Bachelor's degree in finance or accounting preferred
  • Lease Administration experience a plus
  • 6 -7 years of relevant experience; at least 2 years of managerial experience
  • Experienced in Microsoft Office applications (Excel, Word, PowerPoint, Outlook)
  • Excellent attention to detail
  • Strong analytical and problem-solving skills
  • Proficient with SAP or Business Objects a plus


About L brands

Bath & Body Works, Inc. is an American specialty retailer based in Columbus, Ohio. It owns Bath & Body Works, posted $11.9 billion in revenue in 2021, and was listed as 248 on the 2020 Fortune 500 list of largest United States companies by revenue. In February 2020, L Brands announced the planned sale of its Victoria's Secret division to Sycamore Partners, a private equity firm. Under the agreement, Sycamore Partners would gain a 55% controlling stake in Victoria's Secret while L Brands would keep a 45% stake, leaving Bath & Body Works to become L Brand's sole business. The sale fell through in May 2020, although Wexner did step down as CEO as planned, replaced by Andrew Meslow. In March 2021, L Brands announced it would spin off Victoria’s Secret as a stand-alone publicly traded company, and then change its name to Bath & Body Works, Inc.
Learn more about L brands
Size
2,800 employees
Market Cap
$22.2 billion
Industry
Retail & Consumer Goods
Net Income
$845.3 million
Founded
1963
5 Year Trend
-0.5%
Revenue
$11.8 billion
NASDAQ
LB
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at L brands

More Finance & Insurance Jobs

Find similar Finance Manager, Lease Administration jobs:

NationwideReynoldsburg, OH