What are the responsibilities and job description for the Analyst, Finance - Real Estate (Hybrid) position at Gap Inc.?
About the Role
In this role, the LAR (Lease Accounting Reconciliation) Analyst will support the overall Finance function for a large, multi-brand retailer in a fast-paced, complex environment. Gap Inc.’s headquarters Finance team provides financial support to various business units and the Executive Leadership teams. Work with internal and external business partners (RE Law, Lease Admin, Lease Accounting and Accounts Payable) to ensure that regular lease payments are made for the proper amount and to the proper supplier. Work independently on Year End invoices and reconciliations. Work through any disputes with landlord representatives and involving and escalating to the appropriate contacts internally and externally. Resolve payments with respect to VAT and other sales tax items. Represent and understand accounting and accruals to be able to account for transactions properly in the statement of Year Ends and other activities that impact the Profit and Loss statement (P&L) as well as the Balance Sheet.
What You'll Do
- Manage a working portfolio of leases either as a landlord portfolio or individual.
- Build relationships with landlords to understand their needs for remittances and other deliverables that can help provide better customer service.
- Interact with Excel and Access at the Intermediate level (use formulas like vlookup, if/then) with little to no instruction as necessary for delivering financial based analysis on lease costs.
- Work independently to resolve ad-hoc and difficult research requests.
- Reconcile landlord account balances.
- Resolve lease language conflicts regarding monthly escrows and annual pro-rata share amounts with our landlords.
- Provide financial support and analysis to key internal groups such as Corporate Real Estate, Store Development, Real Estate Finance, Financial Planning & Analysis and Internal Audit
- Identify and research variances to forecast, budget and prior year expenses, proactively identifying opportunities for improvement
- Develop and maintain effective relationships with business partners and cross functional teams at all levels of the organization
- Participate in projects and assignments of diverse scope
- Prepare monthly financial reports to Gap Inc management and ensure reports are accurate and distributed in a timely manner
- Deliver financials for the company, whether related to financial close, internal or external reporting, or analysis for key stakeholders in Finance
Who You Are
- Understanding of financial statements including balance sheets and general ledgers, Sarbanes Oxley compliance, and the financial close process
- High level of individual accountability and motivation
- Experience and proficiency with Microsoft Office Suite, especially Microsoft Excel
- Committed to continuous growth and learning