Lease Audit Manager

Location: 350 Mission St, 20th Floor, San Francisco, CA 94105 – Hybrid

About the role

As Lease Audit Manager, you will manage the US & Canadian lease audit and co-tenancy programs, enforce lease provisions, and maximize savings for Sephora.

Responsibilities

• Manage the US & Canadian lease audit & co-tenancy programs.
• Accurately and timely enforce lease provisions between Sephora and its landlords.
• Audit annual landlord reconciliation invoices for common area maintenance, real estate taxes, insurance, utilities, percent rent, etc., to identify overcharges and obtain detailed documentation.
• Directly responsible for the negotiation, settlement, and collection of multi-million dollar rent reconciliations uncovered during lease audits, as well as coordinating audit resolutions with the Accounting Team and other internal departments to ensure they are properly documented and allow for future savings through the invoice review process.
• Manage options, kickouts, termination rights tracker & assist with yearly updates to radius restriction tracker for strategic deployment plan & respond to ad hoc Lease Compliance requests.
• Research potential percent rent remedies/penalties resulting from remodel program closures and provide support to tax and real estate teams for landlord-initiated sales audits.
• Conduct expense analyses (e.g., vet expenses against lease language, compare to market rates, real estate base rent years and establish trend analysis).
• Interpret lease terms and conditions for management, third-party lease compliance administrators, and the Accounting & Finance departments.
• Report progress and results to management, including current and projected cash savings and risks.

Requirements

• Bachelor’s degree in Business, Accounting, or Finance, or a related field (strongly preferred).
• CPA certification (strongly preferred).
• 5-8 years of retail experience, ideally with a focus in Lease Compliance and/or Auditing.
• Strong reporting and analytical skills with extremely high attention to detail.
• High-level client service skills, ability to assign priority to multiple requests simultaneously, and remain cool under pressure.
• Deep understanding of lease contracts and negotiations, including the ability to read, analyze, and interpret leases and related documents.
• Knowledge of International Financial Reporting Standards (IFRS) and relevant laws, regulations, and standards.
• Effective listening and interpersonal communication skills for responding to inquiries, addressing concerns, and fostering cooperative relationships.

Pay

The annual base salary range for this position is $117,000.00 - $131,765.00. The actual base salary offered depends on a variety of factors, including the applicant’s qualifications, years of relevant experience, skills, education, certifications, and geographic location. Individuals in this position may also be eligible to earn bonuses.

Benefits

• Health: Choose a healthcare plan to fit you and your family’s needs with medical, dental, and vision coverage. Sephora also fully covers disability and life insurance.
• Wealth: Competitive 401k with 4% match, FSA and HSA programs, and a Student Debt Retirement plan where student loan payments qualify for the 401k match.
• Balance: PTO, flexibility, protected leave, and work/life balance support.
• Growth: Career development with access to training, development programs, and tuition reimbursement.
• Perks: 30% discount on all merchandise/services, free product opportunities, flash sale discounts on LVMH brand products.
• Support: Free mental health and financial coaching resources (Modern Health and Financial Finesse), volunteer and donation matching.