Staff Accountant, Lease Accounting

Soar with us at Wawa.

We believe we can make life a little better every day – one smile, hoagie, or experience at a time. And there’s one secret ingredient that truly sets Wawa apart: Our Associates. At Wawa, you’ll be part of a caring team that’s dedicated to helping all of us fly high – together. We’re team players, day-brighteners, and go-getters: and we know that Wawa is a place where we can build skills to thrive and open doors to new career opportunities. We’re proud to be a part of a winning team of Associate owners who shape our success. We’re committed to helping our communities and one another at every turn, because we know that when we fly together, there’s no limit to how far we can go. Ready to be part of a team that helps you reach new heights? Join our flock and get ready to soar.

Job Description

Job Summary :   The Staff Accountant, Lease Accounting ensures appropriate accounting treatment in accordance with Generally Accepted Accounting Principles (“GAAP”).  Maintain existing lease accounting analysis for accurate financial reporting.  Ensures the lease data reported in our financial statements, one of the largest items on our balance sheet, and associated footnotes are properly stated.  Works proactively with management cross functionally to ensure prompt communication from the business when they are entering agreements that may involve assets that will need to be assessed for lease accounting impacts.  Assist with the analysis and adoption of new promulgated accounting pronouncements.

Principal Duties:

- Ensure Wawa’s GAAP compliance with lease accounting guidance in accordance with Accounting Standards Codification 842 (as amended) including appropriate documentation to support conclusions and analysis to support internal and external audit testing and reviews.
- Work with Management cross functionally to reinforce awareness of very high-level lease accounting concepts and ensure Wawa has effective processes for identification and proper classification of all agreements that involve leases, including real estate, equipment and embedded leases.
- Prepare lease accounting balances and disclosures for monthly, quarterly, and annual consolidated financial statements.
- Work with management across the business so they understand the lease accounting implications of agreements as they are being drafted and reviewed.
- Perform finance vs. operating lease analysis for all new leases and lease modifications.
- Create, update and maintain Company’s lease accounting policies and procedures.
- Review and evaluate controls surrounding lease accounting, propose new controls or modifications where deficiencies are identified.
- Perform other accounting duties, including, but not limited to, the monthly balance sheet analysis of all lease accounting accounts, allocation of monthly fixed and variable costs lease and non-lease components for recorded leases and reconciliation of these costs to our SAP general ledger.
- Research newly issued leasing standards and prepare accounting memos to internal management and external auditors.
- Perform special projects (analysis, reports, and referencing etc.) and other duties assigned by Corporate Accounting supervisory personnel.

Essential Functions:

- Ability to work well individually as well as in a team environment while handling multiple tasks with tight deadlines and with a very high degree of accuracy
- Excellent oral and written communication skills
- Excellent customer service skills Ability to work with little or no supervision
- Detail oriented and strong organizational skills
- Strong analytical and problem solving skills
- Excellent interpersonal skills
- Proven self-starter with demonstrated ability to make decisions
- Solid leadership skills
- Ability to work independently and handle multiple tasks with tight deadlines and with a high degree of accuracy
- Ability to work additional hours, nights and weekends occasionally

Basic Qualifications:

- Bachelor’s Degree in Accounting or related business discipline preferred
- 3 – 5  experience years in Accounting or Finance
- Strong knowledge of Microsoft Suite of products
- CPA designation preferred
- Experience specifically associated with accounting for leases preferred
- Public accounting (audit) experience a plus
- Experience using Tango Lease Administration and Lease Accounting and SAP applications a plus

Wawa will provide reasonable accommodation to complete an application upon request, consistent with applicable law. If you require an accommodation, please contact our Associate Service Center at [email protected] .

Wawa, Inc. is an equal opportunity employer. Wawa maintains a work environment in which Associates are treated fairly and with respect and in which discrimination of any kind will not be tolerated. In accordance with federal, state and local laws, we recruit, hire, promote and evaluate all applicants and Associates without regard to race, color, religion, sex, age, national origin, ancestry, familial status, marital status, sexual orientation or preference, gender identity or expression, citizenship status, disability, veteran or military status, genetic information, domestic or sexual violence victim status or any other characteristic protected by applicable law. Unlawful discrimination will not be a factor in any employment decision.