Lease Accounting Manager

Company: LyondellBasell Industries
Location: Houston
Posted on: October 16, 2024

Job Description:

LyondellBasell
Come Join An Inclusive Team:
This position reports to the Global Process Owner - GPO - Fixed Assets, Capital Administration and Lease Accounting and is responsible for the design, development and delivery of the Lease Accounting strategy and process performance outcomes for the global organization in line with the overall RTR strategy. This includes the accountability for the end to end process design and performance for defined Lease Accounting process elements and actively working withbusiness/functional representatives of interfacing process elements (e.g. other Record to Report teams, Global Procurements teams and Manufacturing). This role includes direct leadership of the Lease Accounting shared service team.
A Day In The Life:

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• Lead and mentor direct reports in delivering efficient and effective Lease Accounting solutions in accordance with corporate policies and legislative requirements;
  
• Responsible party for all lease determination and classification conclusions under US GAAP and IFRS.
  
• Manage and is responsible for lease accelerator tool , including master data updates, accuracy of calculations and output journal entries into the ERP system
  
• Build, maintain and update global corporate lease accounting policies and asset tracking / management procedures
  
• Responsible for the reconciliation of lease accounting data from lease accelerator module to the ERP system and the reconciliation of lease accelerator accounting data to underlying data feeds; ensures completeness in the lease accounting process
  
• Develops and maintains management reporting and develops KPIs for the lease accounting function where required.
  
• In conjunction with the external reporting group, develops, prepares and maintains quarterly and annual lease accounting reporting packages to support regulatory filings under US GAAP and IFRS
  
• Is the focal point for internal and external audit relating to lease accounting.
  
• Drive effective cross functional teams, with, but not limited to, procurement, supply chain, manufacturing, accounting and treasury to establish and embed continuous improvement opportunities across the spectrum of asks/activities/controls in the end-to-end Lease Accounting process.
  
• Build and manage a high performing global team with globally benchmarked role profiles, team skills gap assessment and appropriate recruitment plan. Manage the hiring process within the agreed head count budget, ensuring appropriate talent pool is developed, selected and maintained.
  
• Manage a culture of performance within the team, ensuring the company's performance management process is embedded and delivered within the timelines. This includes ensuring formal performance reviews are conducted to provide real-time affirmative and constructive feedback that is linked to clearly defined and SMART objectives and goals and development plans are implemented to facilitate career path aspirations.
  
• Deploy and manage strategic discussions with customers including: agree on topics such as service offerings, joint objectives, common definitions of success; providing performance transparency
  
• Establish and maintain a process to identify issues, perform root cause analysis and establish appropriate mitigation plans to drive issues to closure. Document current state identifying cross functional disconnects and interface issues.
  
• Identify and prioritize process improvement.
  
• Final approver for all related SEC and IFRS lease accounting related information before submission
  
• Develop and roll-out process goals and align job performance roles and responsibilities accordingly to deliver.
  
• Create and track process performance indicators and metrics and explain trends in performance against benchmarks.
  
• Develop, implement and maintain appropriate accounting procedures and process controls in accordance with Sarbanes Oxley and in compliance with corporate and accounting policies.
  
• Establish and monitor a process budget to ensure appropriate allocation of resources to meet process goals and to positively influence the budget of functions contributing to processes.
  
  You Bring This Value:
  
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  • Bachelor's degree required.
    
  • Typically seven (7) years of relevant lease accounting/finance experience.
    
  • Previous public accounting experience required.
    
  • Supervisory experience working in a fast-paced, dynamic and deadline driven environment.
    
  • Strong technical knowledge of USGAAP and IFRS accounting principles related to a wide variety of topics.
    
  • Previous experience in optimizing or re-designing existing processes and driving continuous process improvements.
    
  • Experience with Internal Controls and SOX/404 requirements.
    
  • Strong computer skills with advanced knowledge of financial systems and software.
    
  • Excellent interpersonal and communication skills are essential.
    
    
    Preferred Qualifications:
    
    
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    • Big 4 Public Accounting experience preferred.
      
    • Finance Professional certification (e.g. CPA, CIMA) is highly desirable.
      
    • Experience with SAP, Lease Accelerator and One Stream preferred.
      
    • Knowledge of configuration, design and testing of SAP asset module and/or project systems module.
      
    • Demonstrated experience operating in a metric driven environment preferred.
      
      What We Offer:
      We offer employees a competitive total compensation package, which includes base pay and variable incentive pay programs. This supports a pay-for-performance culture, recognizing both individual and company performance, as well as benefit programs that are highly attractive and competitive within the markets for which we compete for talent.
      
      
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      • The Company's Global Remote Work Policy allows eligible employees the option to work up to three days a week from home.
        
      • 401(k) Plan with Company Match
        
      • Retirement (Pension) Plan
        
      • Employee Stock Purchase Plan
        
      • Educational Assistance
        
      • Choice of Preferred Provider or Consumer Driven Medical Plan including Prescription Drug Coverage
        
      • Dental, Vision and Employee Assistance Program
        
      • Flexible Spending Accounts
        
      • Life, AD&D and LTD Insurance
        
        
        #LI-Hybrid
        
        #LI-RC1
        Competencies
        Build PartnershipsDeliver ResultsDrive InnovationGrow CapabilitiesPromote InclusionMotivational/Cultural FitTechnical Skills
        
        We are LyondellBasell - a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to champion our employees, and unlock value for customers, investors and society. LyondellBasell places high priority on diversity, equity and inclusion and is strongly committed to our planet, the communities where we operate and our future workforce. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit or follow @ on LinkedIn.
        
        
        
        Must be at least 18 years of age and must be legally authorized to work in the United States (US) on a permanent basis without visa sponsorship.
        
        
        
        LyondellBasell does not accept or retain unsolicitedresumes or phone calls and/or respond to them or to any third party representing job seekers.
        
        
        
        LyondellBasell is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, veteran status, and other protected characteristics. The US EEO is the Law poster is available .
        

Keywords: LyondellBasell Industries, Port Arthur , Lease Accounting Manager, Executive , Houston, Texas