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Job Description
*Job Summary*
The Lease Accountant supports a variety of mid-level accounting duties, which include both day-to-day activities and projects.
The Lease Accountant supports a variety of mid-level accounting duties, which include both day-to-day activities and projects.
*Benefits*
CalPortland is proud to offer a comprehensive, competitive benefits package that provides health and financial support to our most important resources: our employees. Your benefits are an important part of your overall compensation at CalPortland. Thats why we give you a wide range of benefits to choose from.
* Medical, Dental, Vision
* low-cost premiums even for family coverage
* Company-paid life/AD&D insurance
* Company-paid short-term disability
* Paid sick/vacation/holiday
* 401k/Company Funded Pension Program (program is dependent upon location and job type)
* Employee Assistance Program (EAP)
* Additional voluntary benefits
*Compensation*
$50,000-$65,000 DOE
*Responsibilities*
* Evaluation of new lease contracts between operating and finance leases (compliance checklist)
* Gather necessary contract data and enter terms for payment and ROU valuation for all:
* Administrative office leases
* Land leases
* Plant leases
* Royalty and other sales-based leases
* Rail – land
* Rail car
* Mobile equipment
* Coordinate quarterly incremental borrowing rate with Treasury and validate REFX present value calculation
* Coordinate and manage contract changes such as CPI increases, extensions, vendor account changes, remittance notices, mobile equipment transfers, and early terminations
* Coordinate support for all J-SOX compliance testing including new contracts, changes, and SAP access
* Disposal of ROU assets from the FA ledger following lease termination
* Coordinate support for all J-SOX compliance testing including new contracts, changes, and SAP access
* Disposal of ROU assets from the FA ledger following lease termination
* Validate monthly lease payments (AP) against REFX reporting (and landlord invoices as needed)
* Monthly reconciliation of ROU asset detail to lease liability balances
* Prepare and post quarterly JE to properly classify operating and finance leases between short-term and long-term
* Monthly analysis of Rent Expense GL detail to ensure compliance with ASC 842
* Prepare lease expense and lease amortization budgets utilizing REFX reporting and new CAR forms
* REFX reporting for new contracts and valuation (testing for internal and external audits)
* REFX reporting for commitments and contingencies as needed for year-end financial statement disclosures
* Weighted Average remaining lease term for operating and finance leases
* Cash payment disclosures for the current year and annually for 5 yrs. and total beyond 5 yrs.
*Education*
Bachelors degree, accounting degree preferred
*Requirements/Qualifications*
* Knowledge of GAAP financial reporting
* Proficient in Excel, Word, Outlook, and PowerPoint
* Strong organizational and analytical skills
* Self-starter and strong work ethic
* Team-player and flexible
* Available to work extended hours and weekends as needed to meet deadlines
*Preferred:*
* Experience in the construction materials industry
* Experience with SAP
*Conditions of Employment*
Successful candidate must submit to a post-offer pre-employment physical examination, drug/alcohol screen, and background check. Some positions require Federal Motor Carrier Safety Administration (FMCSA) registration/clearance as well as ongoing alcohol and drug testing.
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CalPortland does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.