Lease Accountant

Job Summary

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. That’s 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

Bachelor’s 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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