Manager - Controller

Job Description

The Manager, Global Business Services Business Advisory Controllership –Tower Reporting role is a key role in providing accounting and reporting support for American Express’ headquarter building at World Financial Center Tower C.This role will support internal Real Estate business partners as well as external partners such as Brookfield and CBRE.The Manager, GBS Business Advisory – Tower Reporting, reports directly to the Director, GBS Business Advisory Controllership – Tower Reporting.

American Express co-owns WFC Tower C building with Brookfield Properties and the ownership arrangement is governed by a Tenant in Common agreement.As the managing co-tenant, American Express is responsible for day-to-day operations, facility management and the financial functions including, but not limited to, the preparation and submission of Financial Statements to the Battery Park City Authority.

Responsibilities

Primary responsibilities of this role will include, but are not limited to:

• Prepare lease schedules in accordance with ASC 842, allocate lease payments between both parties, compute refund amounts, and maintain separate accounts receivable schedules distinct from the normal billing process.
• Compute accelerated depreciation by considering residual value and remaining useful life, ensuring depreciation is calculated separately for each co-tenant.
• Establish and document tenant and co-tenant processes from both perspectives to enable a smooth and well-controlled transition, if required.

• Prepare tower financial statements (Balance Sheet, P&L, and Cash Flow projections) and manage American Express WFC Tower C’s monthly and quarterly reporting, including general ledger review, consolidated financials, and tax filings.

• Lead budget book discussions for Tower C by aligning with leaders on capitalization versus expense treatment of projects based on lease term and expected useful life across co-tenant books.

• Managing the Billings and Accounts Receivable processes and overseeing CBRE’s accrual process.

• Reviewing Tower C related contracts, advising on the accounting and reporting implications, and establishing procedures and controls to operationalize contract terms.

• Establishing appropriate controls and procedures to address process risks and control gaps.

• Cultivating and maintaining strong relationships with and providing regular updates of Tower C matters to key Business and Finance partners within American Express, as well as external partners such as Brookfield and CBRE.

• Determine and recognize the appropriate balance sheet amounts for calculating net profit or gain upon exit, additional investment, or change in ownership position.

• Supporting all WFC Tower C related audits, both internal and external including going concern assessments, market risk analysis, translation of business strategy into accounting implications, and evaluation of related financial statement disclosures.

Qualifications

Minimum Qualifications:

• 3-5 years of cumulative audit/accounting/finance experience.
• Strong understanding of ASC 842 lease accounting, including provisions related to lease remeasurement, treatment of lease incentives, and direct lease expenses.
• Strong understanding of ASC 360, including assessment of fixed asset impairment and depreciation accounting.
• Well-versed in ASC 420 for determining and accounting for exit or disposal cost obligations.
• Bachelor’s Degree in Accounting/Finance.
• Strong organizational and multi-tasking skills.
• Strong accounting and financial acumen with excellent communication skills.
• Excellent relationship management skills; ability to understand business drivers & manage expectations of business partners.
• Demonstrated analytical and problem-solving skills.
• Ability to work independently from leader.
• Knowledge of accounting systems (Oracle, Ariba/ACW) and familiarity with real estate lease accounting required.

Preferred Qualifications:

• CPA Preferred or equivalent.

Depending on factors such as business unit requirements, the nature of the position, cost and applicable laws, American Express may provide visa sponsorship for certain positions.

About us

At American Express, our culture is built on a 175-year history of innovation, shared values and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. From delivering differentiated products to providing world-class customer service, we operate with a strong risk mindset, ensuring we continue to uphold our brand promise of trust, security, and service.

As part of Team Amex, you’ll experience our powerful backing with comprehensive support for your holistic well-being and many opportunities to learn new skills, develop as a leader, and grow your career. Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express.

About

We back you with benefits that support your holistic well-being so you can be and deliver your best. This means caring for you and your loved ones' physical, financial, and mental health, as well as providing the flexibility you need to thrive personally and professionally:

• Competitive base salaries
• Bonus incentives
• 6% Company Match on retirement savings plan
• Free financial coaching and financial well-being support
• Comprehensive medical, dental, vision, life insurance, and disability benefits
• Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
• 20+ weeks paid parental leave for all parents, regardless of gender, offered for pregnancy, adoption or surrogacy
• Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)
• Free and confidential counseling support through our Healthy Minds program
• Career development and training opportunities

For a full list of Team Amex benefits, visit our Colleague Benefits Site.

American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age, or any other status protected by law. American Express will consider for employment all qualified applicants, including those with arrest or conviction records, in accordance with the requirements of applicable state and local laws, including the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance for Employers, and the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance. For positions covered by federal and/or state banking regulations, American Express will comply with such regulations as it relates to the consideration of applicants with criminal convictions.
We back our colleagues with the support they need to thrive, professionally and personally. That's why we have Amex Flex, our enterprise working model that provides greater flexibility to colleagues while ensuring we preserve the important aspects of our unique in-person culture. Depending on role and business needs, colleagues will either work onsite, in a hybrid model (combination of in-office and virtual days) or fully virtually.
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The below represents the expected salary range for this job requisition. Ultimately, in determining your pay, we’ll consider your location, experience, and other job-related factors.​