What are the responsibilities and job description for the Sr. Accountant, LACC Joint Venture (Houston, TX based role) position at Lotte Chemical USA Corporation?
Position Summary
**This role is headquartered in the Houston, TX area, requiring Onsite/In-Office presence.**
This position performs core accounting work as well as manufacturing accounting activities supporting accurate, timely and compliant financial reporting. Reporting includes, but is not limited to, income statements, balance sheets and variances. This position also assists with budget preparation and analysis, monthly close, reconciliations, general ledger inputs, and other standard accounting applications.
Essential Job Functions
- Prepares journal entries, including those requiring professional judgment
- Participates in and supports monthly close processes
- Prepares asset, liability, and capital account entries; compiles and analyzes account information
- Performs manufacturing accounting transactions in Company ERP system; makes material ledger adjustments; processes order settlements
- Completes fixed asset accounting including capitalization and asset ledger maintenance
- Creates and maintains monthly manufacturing cost reports; supports variance analysis; enters data; generates reports using appropriate financial software
- Prepares special financial reports; summarizes account information and trends
- Supports and coordinates, as appropriate, internal and external audits including financial, shared services, and tax audits
- Identifies process improvement opportunities; supports internal controls and compliance
- Reconciles financial discrepancies; collects and analyzes information; prepares documentation of discrepancies
- Prepares quarterly tax provision support; responds to tax-related inquiries
- Develops and maintains accounting controls; prepares and recommends policies and procedures; recommends financial actions; analyzes options; implements options as requested
- Summarizes current financial status; collects information; prepares balance sheet, profit and loss statement, and other reports as necessary; explains variances; communicates results to management
- Assists with budget preparation and analysis; coordinates budget process as requested; coordinates review and approvals of capital expenditures and CAPEX budgeting
- Complies with federal, state, and local financial legal requirements; studies existing and new legislation; enforces adherence to requirements; advises management on needed actions
- Maintains customer confidence; protects operations; keeps financial information confidential
- Maintains professional and technical knowledge; attends educational workshops; reviews professional publications; establishes personal networks; participates in professional societies
- Abides by all safety procedures and practices applicable to location and position; participates in appropriate safety training; demonstrates commitment to and support of EHSS principles and values; champions safety
- Performs other duties assigned by management that generally fall within the expected scope of this position
Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. This description reflects management’s assignment of essential functions. It does not proscribe or restrict the tasks that may be assigned.
Experience & KSA’s Required
- Level I requires a minimum of 2-4 years’ experience in accounting or business with knowledge of financial reporting, budgeting, financial compliance, tax accounting and/or auditing
- Level II requires a minimum of 6-8 years’ experience in accounting or business with knowledge of financial reporting, budgeting, financial compliance, tax accounting and/or auditing
- Experience with petroleum, petrochemical, chemical and related industries highly desired; international business experience helpful
- Good understanding of GAAP, International Financial Reporting Standards (“IFRS”), FASB, Sarbanes Oxley, ISO, and similar regulations and requirements; experience in audit helpful
- Knowledge of accounting and financial systems; knowledge of ERP programs and various accounting programs required
- Strong analytical and problem-solving skills, with the ability to interpret financial data and identify and resolve issues
- Ability to operate under stressful situations (i.e., multiple deadlines, multiple customers, and different conditions and formats of data); experience working in structured, deadline-driven accounting environments, managing multiple tasks, prioritization, and attentiveness to detail and follow-through
- Experience with financial reporting and financial management concepts (i.e., budgeting, return on investment, cost of goods/services sold, profitability, KPIs, etc.)
- Ability to read, understand, analyze, negotiate, and report on standard or complex information
- Customer service focus including the ability to speak diplomatically; problem solver
- Excellent computer skills including Microsoft Office Suite, especially in Excel; ability to use database systems and other programs and applications expected of this position and at Company
- Fluent in the English language including reading, writing and speaking; ability to read and write at a minimum of high school level; ability to clearly communicate to all levels in organization
Education Requirement
- Bachelor’s Degree in Accounting, Finance or similar degree required
- Advanced degree in related area helpful
- CPA preferred
Competencies
- All Company Core Competencies
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This employee generally works in an office environment, away from extremes of cold or heat. Limited to no exposure to noise and vibrations other than normal daily office sounds. The noise level in the work environment is usually moderate. The employee should not have regular exposure to fumes, odors, toxic conditions, dust or poor ventilation. If sited at a plant during a construction period, the employee is exposed to loose dirt, construction zone areas, additional safety zones, and other construction related environmental characteristics.