Lead Accountant

Job Description

Job Description

POSITION SUMMARY :

The Lead Accountant is responsible for assisting with general accounting functions associated with the financial management of LBCT. Responsibilities include, but are not limited to completing monthly close tasks, ensuring internal financial controls are in place, assisting in the preparation of supporting documentation and schedules for internal and external financial audits, and ensuring that financial and accounting data is complete and accurate within various accounting cycles, such as accounts payable, fixed assets, and accounts receivable. This position is involved in most aspects of accounting and ensures the accuracy, efficiency, and compliance of accounting tasks with best practices, rules, and regulations.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Assist with the preparation of general accounting transactions within the various accounting cycles, including Accounts Payable, Accounts Receivable, Fixed Assets, Revenue, Expenses and the monthly close process.

2. Assist the Sr. Accounting Manager with the preparation of complete and accurate monthly financial reporting, including budgets, periodical forecasts, periodical financial reports, statutory reporting, tax filing and other accounting-related ad-hoc reports.

3. Assist the Sr. Accounting Manager with the preparation of wires and bank transfers, including preparing transfer requests, verifying vendor details, obtaining required authorizations and approvals, and coordinating with banks to resolve exceptions, ensuring timely funding and documenting audit trails.

4. Responsible for compliance and adherence to Generally Accepted Accounting Practices (GAAP) and Financial Accounting standards.

5. Assist with the reconciliation of balance sheet accounts and the preparation of inter-office standard accounting forms.

6. Research and provide proposals and suggestions on new accounting policies or accounting matters, such as lease accounting, revenue recognition and / or any new GAAP guidance.

7. Recommend improvements to accounting processes where necessary.

8. Assist in maintaining accounting books, including general ledger and all subsidiary ledgers – such as general journal entries, including month end accruals, expense provisions, and other close-related journals.

9. Perform account analysis, balance sheet, and account reconciliation, including updating and calculating accounting schedules and understanding the reconciliation of accounting ERP systems with other operating systems.

10. Coordinate with responsible personnel for necessary actions for timely month-end closing and annual closing of accounting books, and other accounting matters.

11. Collaborate with IT, Terminal Resources, and other relevant departments regarding payroll, accounts payable, and accounts receivable systems to ensure that all accounting data is complete and accurate.

12. Perform other assignments as requested.

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES :

1. Strong knowledge and understanding of Generally Accepted Accounting Principles (GAAP).

2. Ability to delegate work properly, follow-up, and resolve problems firmly and equitably.

3. Excellent interpersonal skills. Ability to interact with individuals across varying levels and roles within the organization.

4. Ability to remain calm and professional during confrontational situations.

5. Possess the ability to speak clearly and effectively.

6. Effective public speaking and presentation skills. Be able to present and defend a point of view.

7. Possess excellent communication, written, oral, and interpersonal and teamwork skills, communicate constructively and confidently, listen openly, and collaborate well with staff and others in different groups.

8. Ability to relate information from a multitude of sources.

9. Capability to turn theoretical information into practical applications.

10. Ability to understand complex business operations and analyze operating results.

11. Convey a professional and positive attitude with action / results orientation to problem solving and elimination of backlogs.

12. Proven ability and experience in exercising good judgment and discretion in handling confidential materials and matters.

13. Ability to manage and meet daily, weekly, monthly, quarterly, and annual deadlines and is receptive to innovative ideas to help meet deadlines.

14. Ability to handle multiple demands; and prioritize workloads; establish and maintain positive, cooperative, and productive working relationships.

15. Flexible to a changing list of priorities, sometimes daily.

16. Excellent attention to detail with a high degree of accuracy.

17. Proficient understanding and familiarity with Microsoft Office (Word, Excel, Outlook, Power Point and Visio).

18. Proficient knowledge and experience in Microsoft Excel (basic formulas, pivot tables, XLOOKUP, conditional formatting, etc.)

19. Proficient knowledge and experience in financial and accounting information systems; SAP experience preferred.

EDUCATION AND / OR EXPERIENCE

1. BA / BS degree in Accounting or Finance.

2. At least 1-3 years of relevant accounting experience; public accounting experience preferred

3. CPA or CPA candidate is preferred.

PHYSICAL REQUIREMENTS

1. The ability to work any day, including weekends and holidays.

2. The ability to walk and stand for extended periods of time.

3. The ability to use a computer and keyboard.

4. The ability to sit and work at a desk and computer for extended periods of time.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.