Manager, Lease Accounting & Fixed Assets

Job Description

Manager Lease Accounting and Fixed Assets

This is a hybrid role working Monday, Tuesday, and Wednesday on-site reporting into the Support Center at Legacy West in Plano Texas

About Sally Beauty Holdings, Inc.

At SBH, our purpose is to inspire a more colorful, confident, and welcoming world. We are the leader in professional hair color, selling and distributing professional beauty supplies across 11 countries through our Sally Beauty and Beauty Systems Group businesses. Sally Beauty offers products for hair color, hair care, nails, and skin care to retail customers looking for salon quality products at a value price. Beauty Systems Group, branded as Cosmo Prof or Armstrong McCall stores, along with its direct sales consultants, sell professionally branded products intended for use and resale by salons to retail consumers.

About the Role

The Manager of Lease Accounting & Fixed Assets ensures the financial integrity of the company's lease and asset portfolios. Key responsibilities include leading ASC 842 compliance, overseeing the fixed asset lifecycle (from CapEx to disposals), and applying GAAP expertise to technology and SaaS investments. Additionally, the role manages facilities-related expenses, strengthens SOX controls, and leads onshore/offshore teams to streamline month-end close and provide cross-functional financial insights.

Responsibilities

Oversee and verify the monthly rent run, ensuring all activity is complete, accurate, and compliant with underlying lease terms. Review and approve lease changes and inputs within Oracle to ensure accurate ASC 842 accounting and reporting.

• Oversee accounting and reporting for occupancy- and facilities-related expenses, including rent-related operating expenses, common area maintenance (CAM), utilities, and other facility costs, ensuring accurate accruals, classifications, and period recognition.
• Manage and review landlord payment activity, including reconciliation and approval of triple-net (NNN) charges. Ensure billings are compliant with lease terms and approve all adjustments to rent batches, including new and renewing store payments and escrow changes.
• Oversee the full fixed asset lifecycle, including capitalization, additions, transfers, disposals, and depreciation, ensuring compliance with Company policy and U.S. GAAP.
• Oversee accounting for cloud computing and SaaS arrangements, including evaluation of implementation costs, capitalization versus expense treatment, amortization, and ongoing expense recognition in accordance with U.S. GAAP and Company policy. Partner with IT and Technology teams to review contracts and project costs related to hosted and cloud-based systems.
• Prepare and/or review reconciliations, journal entries, roll-forward schedules, and supporting documentation for fixed assets, construction-in-progress, lease liabilities, SaaS-related balances, and occupancy-related accounts as part of the monthly close process.
• Ensure compliance with SOX requirements by identifying, assessing, and mitigating financial and operational risks. Maintain accurate and current process documentation and control narratives. Prepare annual lease obligation schedules and supporting documentation for inclusion in the Form 10-K.
• Lead and support special projects, including ad-hoc reporting, technical accounting analysis, process improvements, system enhancements, and other initiatives supporting Executive Management and broader Finance objectives.

Knowledge, skills & abilities requirements

• Bachelor's degree in accounting or related field
• Minimum of 5-7 years of progressive accounting experience, preferably in a public company or international corporate environment
• Prior people-management experience required
• Retail or large portfolio lease accounting experience required (ASC 842)
• Fixed asset accounting experience required
• Experience with cloud computing and SaaS accounting, including implementation and hosting costs, preferred
• Understanding of technology-related CapEx and hosting arrangements under U.S. GAAP
• Advanced Excel skills and strong Microsoft Office skills (Word, PowerPoint, Outlook) required
• Oracle experience preferred
• Experience with lease accounting software a plus
• Excellent verbal and written communication skills; able to effectively communicate with multiple departments
• Strong organizational and time management skills
• Able to handle multiple priorities at the same time
• Demonstrates strong, logical analysis, and problem-solving skills
• Excellent interpersonal and leadership skills with the ability to work in a remote team-oriented environment
• Strong initiative and ability to work independently

Competencies and attributes

• Passionate Learner - inquisitive about the business; open to feedback and coaching, applies learning quickly; applies learning to improve processes and procedures, proactively shares learning with colleagues and leaders; realigning and reshaping projects
• Flexible & Agile Adapter - responsive and open to change; works well with ambiguity; adapts to new plans or directions; keeps calm under pressure; perseveres to achieve the plan/task; doesn't dwell on the past
• Talent Builder - considers how we can create an inclusive culture; encourages input from others; invests time as an informal/formal coach or buddy; works to build a diverse team with the right skills and knowledge; looks for ways to acknowledge, motivate, and value the team
• Effective Communicator - articulates in an appropriate and accurate manner; emotionally astute while remaining authentic to own style/self; encourages others to express views and opinions; demonstrates active listening and uses probing questions; is concise and relevant with data/info
• Team Builder - references the importance of teamwork and actively demonstrates collaboration and sharing; builds and/or participates in effective teams; values the importance of inclusion and various sources of thought/input; humble when operating within a team
• Customer Focused Partner - understands internal and external customer needs; contributes to plans and actions to improve the associate and customer journey/experience; holds self and team accountable for improving the customer experience; is an advocate for the customer
• Strategic Thinker - progressive thinking with the ability to bring new ideas to life; works with others to develop progressive and cost-effective strategies; provides suggestions to improve upon continuous improvement and scalability within department; uses a broad range of data sources
• Big Picture Thinker - understands own department and how other key departments operate; adopts an inclusive approach; seeks feedback reviews progress, and adapts plans as needed; understands interdependencies with other departments
• Results Driver - effective at driving and delivering on plans; holds self and team accountable to high standard of delivery; suggests opportunities for innovation and continuous improvement; focuses on the right priorities and uses resources/time wisely; demonstrates grit and determination
• Problem Solver & Decision Maker - able to consume department/operational data to identify business; identifies, gathers, and examines the relevant information; makes recommendations and takes action to solve challenges, considers importance/impact of decisions against relevant factors

Working conditions & physical requirements

This will be a hybrid role required to be onsite at the corporate office on specified days. The work environment generally involves everyday risks or discomforts which require normal safety precautions typical of such places as offices, meeting and training rooms, retail stores, and residences or commercial vehicles, e.g., use of safe work practices with office equipment, avoidance of trips and falls, observance of fire regulations and traffic signals, etc. The work area is adequately lit, heated, and ventilated.

The work is sedentary. Typically, the employee may sit comfortably to do the work. However, there may be some walking, standing, bending, and occasionally requires carrying, moving and setting up of computers, for example desktops, monitors, printers, and other small hardware in the testing lab.

Benefits

We offer a competitive salary and outstanding benefits package that includes medical, dental, vision, life Insurance, paid vacation and sick days, paid holidays, tuition reimbursement and 401(k) with company match. In addition, associates of SBH may take advantage of our in house salon with complementary services and a varied selection of food options at our corporate campus. Also, featured at our corporate campus, is both a Sally Beauty and CosmoProf Professional onsite store, where associates enjoy a great merchandise discount!

#LI-Hybrid