Senior Accountant - Hermes

The Accounting/Finance team is responsible for protecting the Company's financial assets, mitigating financial risks and reporting the financial position of the company to business stakeholders. The department is comprised of three main pillars: Financial Planning & Analysis (FP&A), Accounting & Treasury.

The Opportunity:

As theSenior Accountant, you will be responsible for delivering timely and accurate period-end closing reporting of the company's financial statements, primarily as it pertains to lease accounting, in close partnership with the other teams within the Finance department (AP, AR, Treasury, FP&A). This role manages the accounting details and activities for real estate and property leases and ensures adherence to the rules and guidelines used to record and report lease transactions in financial statements. This includes identifying, measuring, and showing leases according to accounting rules like GAAP and IFRS.

About the Role:

• Document accounting policies and procedures related to leases. identifying, measuring, and showing leases according to accounting rules like ASC840. ASC842 and IFRS16 and assess leases for capital vs operating treatment.
• Assist in developing and monitoring internal controls related to leases and lease accounting software.
• Enter lease details for all leases, amendments, and other modifications into excel abstracts and reports and/or lease management software.
• Maintain the lease accounting spreadsheet for all capital leases and preparation of the monthly journal entries related to these leases.
• Prepare budget schedules (3-year plan, Budget, 1 st re-estimate, 2 nd re-estimate) relating to all lease expenses, update schedules on a monthly basis, and perform monthly analysis of budget vs actual.
• Assist with sourcing lease accounting software suppliers, coordinate bidding process, create methodology to evaluate bids, and function as the Project Manager for the transition from excel to 3 rd party software.
  • Review lease module for the activation of a lease once a new store has opened.
  • Assist in the monitoring of internal controls related to the Company's lease systems.
• Participate in the monthly close process including journalizing rent and related expenses, straight line rent, percentage rent and m onthly reporting and reconciliation of rents to landlords, and related balance sheet reconciliations.
• Analyze and reconcile landlord rent statements working closely with landlords to resolve any discrepancies and/or outstanding balances.
• Maintain NSO (new store opening) checklist and coordinate and lead monthly meetings.
• Review, analyze, and prepare and/or perform audits of lease year end statements from landlords regarding Common Area Maintenance, Real Estate Taxes, Utilities and Advertising costs.
• Track and recoup tenant allowance reimbursement.
• Interface with internal and external auditors on an ad hoc and annual basis.
• Assist the Accounting Team with other ad hoc tasks and functions
• Strive to advance personal skill set through networking, workshops, and other educational opportunities.

Supervisory Responsibility:

• No

Budget Responsibility:

• Yes

About You:

• Working knowledge of the rules of the Financial Accounting Board (FASB) and the International Accounting Standard Board (IASB) as they relate to lease accounting and administration.
• Minimum 2 years' experience with Straight-Line and Deferred Rent
• Knowledge of SAP, Lease Accounting Software a plus
• Strong ethics, integrity, and credibility and high degree of confidentiality
• Ability to accurately enter data and make decisions based on supporting documents.
• Passion for process or system enhancements and operational excellence
• Curious and problem-solving mindset
• BA in Accounting or similar degree required.

The range for this position is $77,653.33 - $88,746.67 annually. Actual rates are determined based on the job, location, and individual experience.

We are looking for a candidate that has a combination of the above attributes and can perform the key functions of the role with or without reasonable accommodations.

Company Overview:

Since 1837, Hermès has remained faithful to its artisan business model and humanist values. We place people at the heart of what we do and aspire to make a positive impact on the world. The freedom to create, the constant search for beautiful materials, the transmission of a savoir-faire of excellence and the aesthetic of functionality define the singularity of Hermès, a house dedicated to making highly-crafted, beautiful objects made to stand the test of time.

An independent, family-owned company, Hermès is dedicated to keeping production in France through its 42 workshops, The Hermès organization is also a truly global community with a network of 310 stores in 49 countries. Hermès employs more than 15,000 people worldwide with over 6,000 of the workforce being Hermès craftspeople engaged in making artisanal products, nurturing a 180+ year tradition of creativity and innovation.

At Hermès, our actions for sustainable development and corporate social responsibility are founded in values passed down by generations of humble artisans who have shaped the story of our house and the integrity of our objects. The roots of Hermès' success and longevity lie in a sense of responsibility; a quest for authenticity and respect for time and preservation of natural resources. All at Hermès wish to leave a positive footprint on the world, a mission that's at the heart of our commitment to progress. This narrative can be experienced in a series of short films "Footsteps Across the World" available on our website. Link here .

Our Commitment:

Family is at the heart of Hermès. At Hermès of Paris, we are committed to being a Maison for All, a home where we make efforts to generate, support and advance the values of diversity, inclusion and family both within our own walls and in the wider world. At Hermès of Paris we look to create a diverse workforce of talented and unique individuals with different backgrounds, skillsets and worldviews that will enrich our Hermès of Paris family. We support our individual team members personal and professional success through a culture that values equality, individuality and fairness and through an environment where individuals can thrive and feel comfortable being their authentic selves. Beyond the walls of our Maison, we advance our DIF values through the work that we do in partnership with our community and non-profit partners.

At Hermès of Paris, we are proud to be an equal opportunity workplace. It is the policy of Hermès of Paris, Inc. that applicants for employment are recruited, selected and hired on the basis of individual merit and ability with respect to positions being filled and potential for promotion or transfer which may be expected to develop. Applicants are recruited, selected and hired without discrimination because of race, color, religion, sex, age, national origin, disability, genetic information, sexual orientation, citizenship, military or veteran status or any other basis prohibited by applicable law. In addition, personnel procedures and practices with regard to training, promotion, transfer, compensation, demotion, lay off or termination are to be administered with due regard to job performance, experience and qualifications, but without discrimination because of race, color, religion, sex, age, national origin, disability, genetic information, sexual orientation, citizenship, military or veteran status or any other basis prohibited by applicable law. Hermès of Paris, Inc. also provides reasonable accommodations to qualified individuals with disabilities, in accordance with applicable laws.

We collect personal information (PI) from you in connection with your application for employment with Hermes, including the following categories of PI: identifiers, personal records, commercial information, professional or employment information, non-public education records, and inferences drawn from your PI. We collect your PI for our purposes, including performing services and operations related to your potential employment. For additional details or if you have questions, contact us at ccpa@hermes.com. Please do not submit resumes or applications to this email address.A creator, artisan and seller of high-quality objects since 1837, Hermès is an independent, family-owned French house that employs nearly 20,000 people worldwide. Driven by its permanent entrepreneurial spirit and consistently high standards, Hermès cultivates the freedom and autonomy of each individual through responsible management. The company perpetuates the transmission of exceptional know-how through strong territorial anchoring that respects people and resources. Sixteen artisanal métiers feed the creativity of the house, whose collections are presented in over 300 stores around the world.