Manager, Fixed Asset Accounting

Our secret to leading the way in hospitality? We put our people first!

At Shake Shack, our mission is to Stand For Something Good in all that we do. From our teams to our neighborhoods, we're committed to always doing the right thing. As one of the fastest-growing hospitality brands, we're all about crafting unforgettable experiences for our guests. We offer endless learning opportunities and the chance to make a lasting impact on our business, restaurants, and communities. As a member of the #ShackFam, you’ll have access to hands-on mentorship, training, and growth potential, all in a fun and inclusive environment.

Join us and Be a Part of Something Good.

Job Description

The Fixed Asset Accounting Manager will be responsible for managing the accounting functions centered around fixed assets and repair & maintenance expense. This individual will also provide strategic support for departmental and company-wide initiatives.

The Fixed Asset Accounting Manager is entrepreneurial by nature, analytical in approach, and can think broadly and strategically about company-wide initiatives and the impact to accounting. They are adaptive, eager learner who can manage and prioritize an evolving workload in a fast-paced environment with minimal supervision. This position will have responsibility for supporting all aspects of lease accounting. In addition, this position will be expected to understand internal control design concepts sufficient to assess the effectiveness of controls in their area and to enhance processes and controls, where appropriate.

Key Responsibilities

Monthly Close

• Manage the period-end close by ensuring the accurate and timely completion of all fixed asset accounting/ repair & maintenance entries, and reconciliations with appropriate SOX documentation and support.

• Manage fixed asset life cycle events, such as acquisitions, depreciation, disposals, impairments, cost adjustments, and asset transfers through fixed asset accounting software (Workday Business Assets).

• Perform analytical review of fixed asset related balances and provide balance sheet account movements to support cash flow reporting.

• Drive projects, provide accounting guidance and often serve as first point of contact for finance and business partners to resolve lease related issues.

• Act as a key member of cross-departmental teams to improve the flow of data and reporting.

• Assist and/or manage on-going Company-wide initiatives and projects.

• Assist in assessing the impact from and implement the required changes to systems, process, policies and procedures due to new accounting standards, regulatory changes, changes in business strategy, cross-departmental initiatives and other operational changes.

• Assist with driving change management by working with IT and other key stakeholders related to any associated changes.

• Prepare the accounting evaluation, conclusions, and maintain the ongoing accounting treatment of new agreements as it relates to owned areas.

• Collaborate with other Support Center teams where required and appropriate.

• Strengthen and maintain relationships with both internal and external parties.

SOX Compliance

• Maintain ownership of SOX key controls related to owned accounts and processes.

• Facilitate both internal and external audits ensuring complete, timely and accurate responses to information requests. Coordinate with internal or external auditors related to owned accounts and processes.

• Continuously evaluate SOX controls in light of changing systems/processes and work with Internal Audit to identify and implement necessary control changes.

Process Improvement

• Review existing processes, structures, and systems to assist in the identification of improvement opportunities with a focus on simplification, standardization and optimization, especially the reduction of manual, Excel-based activities.

• Evaluate, develop, implement and monitor accounting and operational policies and procedures for owned areas, with an emphasis on improving accuracy and timeliness, reducing risk and strengthening compliance.

• Manage and/or support the implementation of on-going process improvement initiatives.

Annual Audit and Quarterly Reviews

• Ensure information flow between the accounting team, external auditors and other internal and external partners.

• Prepare balance sheet and income statement fluctuation analyses.

• Provide requested support to Tax and Financial Reporting and adhere to external reporting timelines.