Sr. FA & Lease Accounting

Essential Functions

· Create capital project in SAP project system, Allocation of CAPEX budget to the WBS elements in the project system, Releases project budget, communicate with the stakeholders, managing WBS elements.

· Check threshold for capitalizing Interest, oversee and manage Projects by opening, closing re opening, managing capital budget, transfer of budget between WBS elements etc.

· CAPEX and Depreciation reporting, distribute capital spending, assets creation

· Project Closure, assets retirements, assets transfer, assets master data maintenance

· Run Depreciation Batch Process and send the distribution list.

· Periodic posting of Fixed Asset transactions to local statutory accounts (ASKB)

· Roll-Forward of Intangibles (Excluding Goodwill)

· Complete Backline reconciliations as required

· Impairment/Accelerated Depreciation Push-Down to sub-ledger.

· Reverse Asset Postings (AB08)

· SAP Security Approval for PS/FA Roles

· Orders settlement, analyze Fixed Asset GL Accounts to ensure balances in the accounts are valid.

· Perform all reconciliations as assigned in accordance with Policy.

· Complete all manual journal entries as detailed in Blackline

· Complete Quarterly Financial Reporting Package.

· Monthly Lease Tracker Reports, review of ASC 842 lease assessments and requirements

· Lease accounting and management it includes creation of new leases, lease changes, lease/asset terminations, lease valuation, posting and approvals on east steps

· PAE adjusting entries

· Review of Old GL Accounts for potential ASC 842 Lease Activity and mis coding

· Asset Roll Forward Reports, Liability Roll Forward Reports, Send IBR rate to IT to load to CLM systemic Reports, review of CLM/SAP

Qualifications

o Senior level, Charterd Accountant

§ Possesses understanding of US GAAP accounting, specifically Lease Accounting ASC842

§ Demonstrates understanding of Lease Accounting standard in discussion with Hexion prior to assignment to Hexion engagement

§ Has ability to apply understanding of Lease Accounting to Hexion process

o Supervisor level

§ Possesses understanding of US GAAP accounting

§ Knowledgeable of Lease Accounting (ASC842) and Hexion process

§ Management skills to act as primary resource for Senior Level Lease Accountant supervision, review of work and questions

§ Does not need to be 100% dedicated to Hexion but needs to be available as needed to support Hexion timelines

o Must have experience in Fixed Assets management in SAP for last 3 years+.

o Must working knowledge in any industry in lease accounting.

experience

1700000