Lease Accounting Manager, Apple
$178.9-269.4k
Apple employees are eligible for discretionary restricted stock unit awards, and can purchase Apple stock at a discount if voluntarily participating in Apple’s Employee Stock Purchase Plan
Personal technology company
Job no longer available
Personal technology company
1001+ employees
Job no longer available
$178.9-269.4k
Apple employees are eligible for discretionary restricted stock unit awards, and can purchase Apple stock at a discount if voluntarily participating in Apple’s Employee Stock Purchase Plan
1001+ employees
Company mission
Apple's mission is to bring the best user experience to its customers through its innovative hardware, software, and services.
Role
Who you are
- 7+ years of professional finance experience, 2+ years of managerial experience
- BA/BS in Accounting or related field
- SOX compliance experience is preferred
Desirable
- Detailed knowledge of New Lease Accounting (ASC 842)
- In-depth understanding and application of the new lease accounting criteria
- Drive resolution on open lease accounting problems across the business
- Be a self-starter with the ability to meet deadlines in a fast-paced environment
- Build effective business partnerships and be an excellent team player
- Strong performance in a fast-paced, innovative environment
- Excellent analytical and Excel modeling skills
- Effective written, verbal and presentation skills; with ability to present to all levels within the organization
- System implementation and project and process improvement experience is an advantage
- Experience with enterprise software systems and databases a plus (e.g., SAP and Tririga)
- Strong understanding of US GAAP
- CPA Preferred
What the job involves
- This is an exciting opportunity to work in a fast-paced environment and help shape the Company’s future
- Get ready for your perfect job, one that encourages you to think analytically and work collaboratively with Apple business partners across the world
- The RE&D Finance team is seeking a manager for the Lease Accounting team to help support and drive the accounting and reporting for our global Real Estate & Development team
- This role manages the Financial Analysts that are responsible for real estate lease accounting, external and management reporting, lease payment abstractions, SOX compliance activities and controls to ensure the accuracy of external reporting for real estate leases
- The team also works closely with our Information Systems and Technology team (IS&T) providing business support for system and process improvement projects
- The Lease Accounting Manager will be responsible for accurate reporting of leases associated with the real estate portfolio, 1600+, around the world for P&L and balance sheet
- In this role, the manager will have a close partnership with Corporate and Retail Real Estate, and Global Business Solution (GBS) teams to ensure accurate lease accounting worldwide in accordance with ASC 842
- This position partners with many cross-functional business partners including Corporate and Retail Real Estate & Development, Technical Accounting, Legal, Tax, Business Assurance, software development teams, and Apple Shared Service teams around the world
- The Lease Accounting team works closely with the Lease Payments team, as the work of both teams are dependent upon accurate lease abstraction
- You will perform senior level review of initial lease assessment for new leases and validation of lease accounting treatment assessments(finance vs. operating); perform a supervisory role in monitoring for SOX compliance and SOX testing activities
- You will be responsible for coordinating and monitoring your team’s activities as they prepare various lease analyses (trend analysis, fluctuation analysis), provide analysis on all lease-related B/S and I/S balances, review abstracted lease data, and review reporting on lease portfolios, and assist with external reporting
- You will take the lead to assist with system and process improvements that impact your team
- Your team will provide support to the Lease Payments team to resolve abstraction-related payment issues
Our take
With a market capitalisation that reached $3 trillion in 2022, Apple is the world's most valuable company. A vertically integrated approach and obsessive focus on the user experience have helped to make Apple one of the most successful companies in the world.
Since taking over at Apple, Tim Cook has been carefully curating the company's reputation as a champion of consumer privacy, trying to set the company apart from others that monetise their users' data.
The company even went as far as to introduce sweeping privacy changes which made it difficult to tailor ads to Apple’s 1bn+ iPhone users. This rocked the $400bn digital ads market, seriously harming the revenue of its bigger rivals in the lucrative industry and forcing them to rebuild their ad infrastructure.
Despite this, the company has been shaken by supply chain issues and moved a considerable amount of its manufacturing from China to India, and increased its Vietnam presence. This is because of multi-pronged production disruption in China, the second largest customer market for Apple, and triggered an estimated 10% revenue drop in the first quarter of 2023.
Steph
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
204% employee growth in 12 months
Company
Company benefits
- Everyone has different needs and schedules, and that’s why we offer medical plans that cover both physical and mental healthcare
- In addition, employees have the option to access medical professionals from almost anywhere and get free confidential counselling — virtual or in person
- You could also be eligible for help with fitness-related expenses
- Our medical coverage plans include family-friendly features such as fertility treatments
- Because we know there’s more than one way to bring a new child into your family, we support all kinds of new parents with paid leave and our gradual return-to-work programme
- You also get paid time away if you need to care for an ill family member and free guidance to help you find support for childcare, elderly care, legal referrals and more
- At Apple, we make sure women earn the same as men performing similar work. As part of that effort, your salary history is history — we won’t ask
- Every employee here also has the opportunity to become an Apple shareholder, because all are eligible for stock grants and also a discount when purchasing Apple stock
- To help you prepare for retirement, our pension can help you meet your savings goals. And to help you prepare for the unexpected, you’ll have the security of multiple forms of income protection
- Plan on developing both professionally and personally. Apple University creates classes, seminars and beyond-the-classroom tools that help employees understand Apple’s culture, organisation, values, and role in the world. You can sharpen general business and software skills through online classes
- For more formal education related to advancing your career at Apple, we’ll reimburse you for certain educational expenses, including tuition
- Whether you’re exploring personal pursuits, welcoming a new child or caring for a family member, rest assured that you’ll have paid time away when you need it most
- When you give money to an eligible organisation, we’ll match your donations one-for-one, so your contribution is doubled. And if you choose to donate your time, we’ll contribute US$25 for every hour you volunteer. Whether you donate time or money, Apple will match your contributions up to US$10,000 a year
- Get the world’s best prices on the world’s best products — Apple products. You’ll also get deals on great third-party accessories
- And there are services to help you manage life’s day-to-day tasks: dinner reservations, pet-sitters, shopping, personal travel, financial guidance and more
Company values
- We believe that we’re on the face of the Earth to make great products
- We believe in the simple, not the complex
- We believe that we need to own and control the primary technologies behind the products we make
- We participate only in markets where we can make a significant contribution
- We believe in saying no to thousands of projects so that we can really focus on the few that are truly important and meaningful to us
- We believe in deep collaboration and cross-pollination of our groups, which allow us to innovate in a way that others cannot
- We don’t settle for anything less than excellence in every group in the company, and we have the self-honesty to admit when we’re wrong and the courage to change
Company HQ
Cupertino, CA
Articles
Leadership
Tim Cook
(CEO, not founder)Joined Apple in 1998 and held various senior roles before being promoted to CEO in 2011. Previously Spent 12 years with IBM, most recently as director of North American Fulfilment, where he led manufacturing and distribution functions for IBM’s Personal Computer Company in North and Latin America
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