Specialist, Fixed Assets

Job Description

This role sits within our GBS Finance - North America group which records and reports on real estate transactions for over 2,000 franchisees and more than 15,000 restaurants in the U.S. and Canada. They are responsible for the calculation and billing of rents and service fees to franchisees and tenants, all lease related and real estate tax payment and accounting activities, and construction project and fixed asset accounting processes. This position involves the accounting for all leased properties within the U.S. portfolio (approx. 5,000 leases). Key responsibilities include, but are not limited to, ensuring the accuracy of landlord payments in accordance with the lease terms, and the related lease accounting schedules and account reconciliations for assigned field offices.

Some of the key stakeholders this team partners with includes the Market Finance and Development Teams, Asset Management, Franchising, Legal, and Corporate Tax.

This is a hybrid role based out of our global headquarters in the West Loop (Chicago).

Key Responsibilities:

• Reconcile construction project costs and review for accuracy and completeness.

• Accounting for Excess property due to store closures (asset retirements/transfers), sales, and purchases. Includes accelerating depreciation for store closures.

• Manage, train and coordinate with a 3rd party vendor

• Review statements and record entries related to land transactions.

• Review, track and record entries related to insurance proceeds for property

• Perform monthly account analysis and reconciliations on assigned accounts (Ex. condemnations)

• Address customer inquiries from landlords, market finance, legal and asset management teams related to real estate transactions.

• Ensure compliance with SOX and company policies for assigned project accounting processes.

• Participate on special projects (Ex. Continuous Improvement/Automation Enhancements).