Job Description

This position is part of the Sherwin Business Services (SBS) team and plays a key role in the accounting of the Company’s retail and non-retail property leases. Primary responsibilities include managing the complete and accurate reconciliation and billing of lease-related expenses for owned and subleased properties (Base Rent, Common Area Maintenance, Property Tax, Insurance) to external and internal tenants. This position also supports real estate accounting, including approvals for expense payments, tenant improvement allowances, percentage rent, and lease accounting function. This position will interact with other functional areas, including Enterprise FP&A, Enterprise R&C, SBS GA, GTS, IT, Legal, business real estate executives, landlords, tenants, and others, and will be entrusted with high-dollar and high-volume disbursement activities.

This position is not hybrid/remote and will be located at our Global Headquarters in Cleveland, OH.

Because this role involves access to confidential financial information, the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.

CORE RESPONSIBILITIES AND TASKS

Retail and Non-Retail Owned Property Billing and AR

• Process monthly billing and accounts receivable for all owned and internally billed stores with approximately $16 million in internal sales, and over $2.5 million external sales from 60 + external tenants. Also process non-retail Corporate owned property billing.
  • Reconcile Bank of America lockbox account utilized for tenant payments and tenant improvement allowances.
  • Ensure the timely and accurate review, interpretation, abstraction of lease data for all owned property leases and amendments into lease administration tool.
  • Reconcile and bill operating expenses (Common Area Maintenance, Property Tax, and Insurance) to ensure proper allocation to tenants.
  • Responsible for month end close process, including journal entries, account analysis, balance sheet reconciliations and reporting.
  • Act as main point of contact for Division Real Estate VP’s and External Tenants on billing and accounting related matters including identification of credit risks and monitoring critical decision dates.
  • Assist with sale/lease back accounting transactions.

Real Estate and Lease Accounting Support

• Assist with timely and accurate review, interpretation, and payment of property lease expenses for NOAM properties– US, Canada, Jamaica.

  • Review, analyze, and accurately approve leased expense payments/credits within lease deadlines.

  • Review and process disputed/escalated reconciliations for expenses as needed

• Responsible for accounting of Tenant Improvement Allowances, and Percentage Rent.

• Provide support to ensure compliance with the lease accounting standard.

  • Validate and monitor lease accounting system integrity for accounting period, including backfill for daily calculations, audit and validation to source system.

  • Assist with special projects and month end close including quarterly questionnaire process.

POSITION REQUIREMENTS

Required:

• Bachelor’s degree in Business Administration, Accounting, or Finance

• 1+ years Business/Accounting/Real Estate experience
• Microsoft Office products Word, Excel, and PowerPoint
• Must be legally authorized to work in the United States without sponsorship now or in the future for employment visa status
• Must be at least eighteen (18) years of age

Preferred:

• Experience with lease accounting and transactional lean practices
• Legal experience
• Experience with OneStream, Oracle, Lucernex, OnBase

Travel: 10%

At Sherwin-Williams, our purpose is to inspire and improve the world by coloring and protecting what matters. Our paints, coatings and innovative solutions make the places and spaces in our world brighter and stronger. Your skills, talent and passion make it possible to live this purpose, and for customers and our business to achieve great results. Sherwin-Williams is a place that takes its stability, growth and momentum and translates it to possibility for our people. Our people are behind the strength of our success, and we invest and support you in:

Life … with rewards, benefits and the flexibility to enhance your health and well-being
Career … with opportunities to learn, develop new skills and grow your contribution
Connection … with an inclusive team and commitment to our own and broader communities
It's all here for you... let's Create Your Possible

At Sherwin-Williams, part of our mission is to help our employees and their families live healthier, save smarter and feel better. This starts with a wide range of world-class benefits designed for you. From retirement to health care, from total well-being to your daily commute—it matters to us. A general description of benefits offered can be found at http://www.myswbenefits.com/ Click on “Candidates” to view benefit offerings that you may be eligible for if you are hired as a Sherwin-Williams employee.

Compensation decisions are dependent on the facts and circumstances of each case and will impact where actual compensation may fall within the stated wage range. The wage range listed for this role takes into account the wide range of factors considered in making compensation decisions including skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. The wage range, other compensation, and benefits information listed is accurate as of the date of this posting. The Company reserves the right to modify this information at any time, with or without notice, subject to applicable law.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable federal, state, and local laws including with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act where applicable.

Sherwin-Williams is proud to be an Equal Employment Opportunity employer.  All qualified candidates will receive consideration for employment and will not be discriminated against based on race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, pregnancy, genetic information, creed, marital status or any other consideration prohibited by law or by contract.

As a VEVRAA Federal Contractor, Sherwin-Williams requests state and local employment services delivery systems to provide priority referral of Protected Veterans.

Please be aware, Sherwin-Williams recruiting team members will never request a candidate to provide a payment, ask for financial information, or sensitive personal information like national identification numbers, date of birth, or bank account numbers during the application process.