Senior Manager, Corporate Reporting

Job Description

Job Description

Steak n Shake, Inc.

Department :      Corporate Accounting

Job Title: Senior Manager, Corporate Reporting

Function

Understand the corporate mission and within that framework provide a critical leadership role within the corporate accounting department.  Core Duties include 1) assisting with financial statement preparation and review, including disclosure schedules supporting parent company quarterly reporting, 2) lease accounting, 3) preparation of key judgmental accounting estimates, 4) marketing accounting, 5) key contact for the auditors and oversight of other corporate accounting areas. High visibility cross functional with the Legal and Marketing departments, Operations, and Parent Company.

Essential Duties and Responsibilities

1.       Prepare and review aspects of overall financial statement consolidation of Steak ‘n Shake Inc. (“the Company” or “Organization”) entities.

2.       Prepare, review and report on schedules supporting the parent company (Biglari Holdings) external quarterly reporting, including, for example, cash flows and disclosures on leases.

3.       Prepare and review the annual stand-alone Company financial statement filing used in the Company’s Franchise Disclosure Document (FDD).

4.       Key contact to the external auditors in their work related to quarterly reviews, annual audits, and stand-alone financial reporting used in the FDD.

5.       Evaluate all new leases and amendments to ensure proper recording under ASC 842, Leases .  This includes working closely with the Legal Department to be current and knowledgeable of any new leases, amendments to existing leases, or lease terminations.

7.       Review budget to actuals of repairs and maintenance spend and CAPEX spend with VP of Facilities, Chief Operations Officer and others.

9.       Review budget to actuals of marketing expenditures with Chief Marketing Officer and others.

10.   Responsible for certain key judgmental accounting estimates (e.g., impairment assessments, workers comp/general liability actuarial valuation)

11.   Lead technical accounting research and related technical accounting memos as reviewed by the Principal Accounting Officer.

12.   Oversee and manage a team of three corporate accounting positions that provide support in asset management, leases and rent, marketing, financial reporting, and other corporate areas.

13.   Responsible for ensuring internal controls owned by the corporate accounting team are properly designed and executed to ensure operating effectiveness for compliance with Sarbanes Oxley.

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15.   Assist Principal Accounting Officer and Senior Leadership Team (SLT) members with requests or projects as needed.

16.   Play a role in the Company’s planned journey for software evolution, which includes incorporating AI into existing or new processed to gain efficiency and replace basic tasks with more insight and analysis to provide value beyond the core function of accounting.

17.   Identify improvement opportunities across the Organization’s functions, determine alternative courses of actions with those function leaders, and implement process improvements. Continuous goal to reduce “waste” in processes and identify cost savings.

Position Requirements

-          Bachelor’s degree in accounting, finance, or related field

-          8+ years of experience, with public accounting experience

-          CPA designation

-          Passionate about business by adding value to help the overall business grow and win in the marketplace

-          Innovator when it comes to improving processes and using AI

-          Adaptability and flexibility as priorities change and job responsibilities broaden

-          Team leader, but a coach first and foremost

-          Effective communicator, verbally and written

-          Problem solver that addresses issues quickly.

-          Strong analytical thinking

-          Proficient with Microsoft applications, including Excel