Kansas Works Veterans Jobs

This job was posted by https://www.kansasworks.com : For more information, please see: https://www.kansasworks.com/jobs/13020823

Morton Salt is an iconic company with a strong heritage and a bright future. Since 1848, we have been improving lives and enhancing everyday moments at home, at work and virtually everywhere in between. We help unlock the flavors in food, make roads and sidewalks safer, improve the water in baths, pools, and homes, and keep businesses and industries running. We are a dedicated team who constantly strives to do better together, and we are passionate about building a sustainable future for our company, the communities in which we operate, and the world around us. By joining our team, you will contribute to producing and delivering every form of salt that enhances everyday life.

Job Summary

The Senior Lease Analyst will be responsible for all aspects of the Companys lease accounting and reporting in accordance with US GAAP, including lease identification and classification, the preparation of journal entries, reconciliation of rollforwards to the general ledger, and preparation of the annual lease footnote disclosures. In addition, this role will work directly with plant controllers and operations personnel to maintain the completeness and accuracy of the leases in the Companys lease accounting software. The Senior Lease Analyst will also be responsible for researching technical lease accounting matters, other ad hoc accounting projects and month end tasks, including account reconciliations, and assisting with the completion of quarterly and annual Census and Statistical Reporting.

Duties and Responsibilities

• Lease Administration: Communicate monthly with accounting and operation personnel to identify new, modified or terminated leases. Track and enter lease updates in LeaseQuery, the Companys lease accounting software, on a timely basis to maintain a complete repository of active lease contracts.
• Lease Accounting: Review contracts to identify leases or embedded leases, perform the lease classification test and prepare the lease accounting, including supporting documentation of key inputs to facilitate review. Assist the Senior Director of Reporting with establishing the quarterly incremental borrowing rate. Research technical accounting matters in ASC 842, Leases, to identify the appropriate accounting treatment for new or complex matters.
• Quarter Close: Ensure new, modified, or terminated leases are identified and entered in LeaseQuery to ensure the timely preparation of the lease journal entries for approximately 14 legal entities in North and South America. Prepare the right of use asset and lease liability rollforwards from LeaseQuery and reconcile to the general ledger. For any balance not properly reconciled, identify the cause and evaluate whether further adjustments are needed. Prepare and submit the final right of use asset and lease liability rollforwards in the account reconciliation software.
• Lease Disclosures: Generate and reconcile lease disclosure reports from LeaseQuery and prepare the annual lease disclosure for the audited financial statements. Reconcile lease expense in the general ledger to LeaseQuery, including implementing process improvements with plant controllers and accounts payable to streamline how lease expense is recorded.
• Internal Control & Audit: Participates in the audit process by preparing external audit requests including walkthroughs, rollforward schedules, lease transaction support, and coordinating requested documentation with departments and plant controllers. Assist in the maintenance of internal controls over the lease accounting process.
• Census and Statistical Reporting: Create and complete templates for quarterly and a nual Census and Statistical Reporting with corresponding support calculations for balance sheet and income statement line items. Develops new ad hoc reporting based on reporting requirements including legal entity level and operational activity. This position will assist other team members with completing all census and statistical reporting through the final submission process.