ULTA Salon, Cosmetics & Fragrance, Inc

Manager Project Accounting

ULTA Salon, Cosmetics & Fragrance, Inc • $106K — $138K *
Bolingbrook, IL 60440In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance; CPA preferred.
  • 5-7+ years of accounting and finance experience.
  • Familiarity with U.S. GAAP, specifically ASC 350-40 and ASC 360.
  • Proven leadership experience in managing teams or projects.
  • Strong expertise in project accounting and financial reporting.
  • Proficiency in SAP, Planview, and Microsoft Office; Excel skills are essential.

Responsibilities

  • Lead and develop a team of four Project Accounting professionals.
  • Oversee daily operations, including work priorities and technical guidance.
  • Manage project accounting activities, ensuring compliance with financial policies.
  • Provide expertise in project funding, coding, and capitalization assessments.
  • Conduct annual IT project planning and budget submissions.
  • Evaluate IT project costs and ensure alignment with accounting standards.
  • Facilitate monthly, quarterly, and year-end close processes for the IT portfolio.

Benefits

  • Paid time off and health benefits including dental and vision.
  • Life and disability insurance coverage.
  • Access to a company bonus plan for eligible associates.
  • Options for part-time roles with certain benefits.
  • Opportunities for career development and skill enhancement.
Full Job Description
  • General Accounting department is seeking a Manager, Project Accounting to lead accounting, financial oversight, forecasting, governance, and close activities for the Company's IT project portfolio, including capital projects, cloud/SaaS initiatives, internal-use software, capitalized labor, and project-related operating expenses. This role will lead a team of four Project Accounting professionals, including two Senior Project Accountants responsible for IT project accounting and two Project Accounting staff supporting enterprise-wide project setup, maintenance, governance, and financial administration.
  • The Manager serves as Accounting's lead for IT project accounting, providing technical accounting guidance, financial governance, and accounting oversight throughout the project lifecycle. The role is responsible for reviewing, approving, and escalating accounting conclusions; ensuring compliance with applicable U.S. GAAP, including ASC 350-40, ASC 360, and Company accounting policies; supporting accurate financial reporting; strengthening internal controls; and providing leadership-level visibility into the IT project portfolio.
  • The Manager partners closely with Accounting, IT Finance, SPD IT, IT Leadership, FP&A, the Transformation Office, project owners, and budget owners to ensure project costs are appropriately planned, classified, forecasted, capitalized or expensed, accrued, reported, and supported throughout the project lifecycle.

CORE JOB RESPONSIBILITIES:
  • Lead, coach, and develop a team of four Project Accounting professionals, including two Senior Project Accountants responsible for IT project accounting and two Project Accounting staff supporting enterprise-wide project set-up, maintenance, governance, and financial administration.
  • Direct day-to-day team operations by establishing priorities, balancing workloads, reviewing work product, providing technical guidance, and developing staff while ensuring the accurate and timely execution of IT project accounting, close activities, accruals, forecasting, governance, audit documentation, and enterprise project accounting processes.
  • Oversee enterprise project accounting administration, including project set-up, maintenance, governance, and master data integrity to ensure projects are established and maintained in accordance with Company policies and financial reporting requirements.
  • Lead Accounting's involvement in project intake and governance by providing guidance on project funding, coding, capitalization, documentation requirements, and capitalization stage assessments consistent with ASC 350-40.
  • Oversee Accounting's support of annual IT project planning, including project inputs, planning templates, budget submissions, financial assumptions, and accounting treatment considerations.
  • Own Accounting's evaluation and approval of IT project costs, including capitalization, expense classification, cloud/SaaS arrangements, internal-use software, capitalized labor, amortization, and impairment considerations in accordance with ASC 350-40, ASC 360, and Company accounting policies.
  • Review, approve, and escalate accounting conclusions and ensure key judgments are documented in accordance with applicable U.S. GAAP and Company accounting policies.
  • Ensure accounting conclusions and key judgments are supported by clear, audit-ready documentation, including references to applicable U.S. GAAP, Company accounting policies, and relevant supporting evidence.
  • Lead monthly, quarterly, and year-end close activities for the IT project portfolio, ensuring the timely and accurate completion of SAP actuals, Planview data, accruals, journal entries, reconciliations, variance analyses, and related financial reporting.
  • Review and approve journal entries, accruals, account reconciliations, account analyses, workpapers, project classifications, and supporting documentation to ensure accuracy, completeness, and compliance with Company accounting policies.
  • Review monthly financial results, investigate significant variances, identify project coding or classification issues, and ensure timely resolution of open items.
  • Lead the preparation, consolidation, and review of financial forecasts for the IT project portfolio. Monitor forecast accuracy, analyze variances, and partner with SPD IT and project owners to communicate key assumptions, risks, and projected financial outcomes.
  • Partner with Accounting, IT Finance, SPD IT, FP&A, IT Leadership, project owners, and budget owners to present financial results, provide accounting guidance, resolve issues, influence project decisions, and provide visibility into key financial risks and drivers.
  • Lead support for quarterly CIP reviews, amortization and impairment considerations, SOX controls, internal and external audit requests, financial reporting requirements, and other compliance-related activities.
  • Serve as an escalation point for complex accounting matters, stakeholder issues, process gaps, and judgmental project accounting decisions.
  • Identify and drive continuous improvements across enterprise project accounting processes, IT project planning, budgeting, forecasting, financial reporting, governance, controls, and stakeholder visibility.
  • Perform other routine and non-routine accounting, finance, and project support activities as assigned

ADDITIONAL RESPONSIBILITIES:

  • Accounting leadership and technical accounting judgment
  • Staff coaching, development, and review discipline
  • Financial ownership, accountability, and internal control mindset
  • Analytical problem solving and ability to challenge assumptions
  • Cross-functional partnership and ability to influence stakeholders
  • Clear, executive-ready communication
  • Process discipline, continuous improvement mindset, and ability to lead through ambiguity
REQUIREMENTS FOR CONSIDERATION:
  • Bachelor's degree in Accounting or Finance required; CPA strongly preferred.
  • 5-7+ years of accounting, project accounting, corporate accounting, public accounting, or related finance experience.
  • Prior supervisory, team lead, or people management experience preferred.
  • Strong technical accounting knowledge, including capital versus expense treatment under applicable U.S. GAAP, including ASC 350-40 and ASC 360.
  • Experience accounting for internal-use software, cloud computing arrangements, technology project accounting, IT capital projects, and related accounting guidance such as ASC 350-40 preferred.
  • Strong close, accrual, financial planning, forecasting, journal entry, reconciliation, account analysis, SOX, audit, and financial reporting experience.
  • Strong analytical, communication, stakeholder management, and leadership skills.
  • Strong Excel and Microsoft Office skills; SAP, Planview, and OneStream experience preferred.
  • Ability to manage competing priorities, develop staff, and lead cross-functional processes in a fast-paced environment.
#LI-JB2

#LI-Hybrid

The pay range for this position is $106,000.00 - $138,000.00 / Year with the opportunity for eligible associates to earn additional compensation pursuant to the Company's bonus plan. Exact pay will be based on factors including, but not limited to relevant education, qualifications, certifications, experience, level, shift, geographic location, and business and organizational needs. Full-time positions are eligible for paid time off, health, dental, vision, life and disability benefits. Part-time positions are eligible for dental, vision, life, and disability benefits. For additional information concerning our benefits, visit our Benefits and Career Development page: https://learn.bswift.com/ulta

About ULTA Salon, Cosmetics & Fragrance, Inc

ULTA Beauty is the beauty retailer in the United States and the premier beauty destination for cosmetics, fragrance, skin, hair care products and salon services. Since opening its first store 25 years ago, ULTA Beauty has grown to become the top national retailer providing All Things Beauty, All in One Place™. The Company offers more than 20,000 products from over 500 well-established and emerging beauty brands across all categories and price points, including ULTA Beauty's own private label. ULTA Beauty also offers a full-service salon in every store featuring hair, skin and brow services. ULTA Beauty is recognized for its commitment to personalized service, fun and inviting stores and its industry-leading Ultamate Rewards loyalty program.

ULTA Salon, Cosmetics & Fragrance, Inc. Careers

Join the vibrant team at ULTA Salon, Cosmetics & Fragrance, Inc., a leader in the beauty industry, where innovation meets diversity and professional growth. As a company renowned for its inclusive culture and commitment to employee development, there has never been a better time to explore job opportunities with us. Work You’ll Do At ULTA, we empower our team to bring beauty to life, providing unparalleled opportunities for career advancement and professional enrichment. Whether you are looking for a position in our retail stores, at our corporate headquarters, or within our distribution network, ULTA offers a dynamic work environment where your skills will be honed and your achievements recognized. Join our team and contribute to an industry-leading company known for its commitment to innovation, leadership, and diversity. ULTA is not just about beauty products; it's about elevating the beauty in everyone. Our team’s diversity is our strength, and we continuously strive to foster an inclusive environment through comprehensive diversity training programs. Internship and Employment Opportunities Start your career journey with an internship at ULTA, where you can gain hands-on experience in a thriving retail environment. Our internships provide a robust foundation in the beauty industry, offering insights into various aspects of business operations, from marketing to supply chain management. For those seeking full-time roles, ULTA is hiring across a range of departments. We look for passionate, creative, and solution-driven team players. Explore open positions that match your skills and interests on our Careers page. Benefits and Culture At ULTA, we believe in rewarding our employees for their hard work and commitment. Our benefits package is designed to support the well-being and financial security of our team members and their families. Benefits include health coverage, retirement plans, employee discounts, and more. Our company culture champions personal and professional growth, encouraging every team member to reach their full potential. Through leadership training and continuous learning opportunities, we prepare our employees to lead and innovate in the beauty industry. Networking and Professional Development Stay connected and advance your career through ULTA’s networking events, where you can meet industry leaders and like-minded professionals. Enhance your resume and interview skills through our career development workshops and receive personalized advice from our experienced hiring managers. Future-Proof Your Career With ULTA, the trajectory of your career is boundless. Embrace the opportunity to grow with a company that is as committed to your professional journey as it is to leadership in the beauty industry. Explore Discover how ULTA is transforming the beauty landscape and leading the way in retail innovation. Read more about our latest projects and the impact they have on our customers and industry. Join Our Team Search for job opportunities that align with your career aspirations. We are excited to see how your vision and expertise can contribute to our ongoing success. Stay Up to Date Keep ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Job Alert Emails Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. See what exciting and rewarding opportunities await at ULTA Salon, Cosmetics & Fragrance, Inc. Join us and be part of a company where innovation, leadership, and beauty move forward together.
Learn more about ULTA Salon, Cosmetics & Fragrance, Inc
Size
16,500 employees
Market Cap
$23.6 billion
Industry
Retail & Consumer Goods
Net Income
$175.8 million
Founded
1990
5 Year Trend
+12.2%
Revenue
$6.1 billion
NASDAQ
ULTA
* Ladders Estimates

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