Tulsa, Oklahoma
Looking for Public Accounting Experience Job Opening in Tulsa, Oklahoma - This position is with our Corporate Office in Tulsa, OK. We are looking for candidates with Public Accounting Experience and the specific job title is Accounting Standards Coordinator.
Primary Purpose of Job:
Responsible for research, information gathering, and accounting guidance for new accounting standards, including the new revenue recognition standard and the new leasing standard. Ensure compliance with company policy and preparation of financials in accordance with GAAP requirements. Serves as liaison with multiple departments to ensure the proper gathering of lease information. Provides guidance to management on a wide variety of accounting and financial reporting concepts, practices, and procedures.
B. List the major functions for this position starting with the most important and ending with
the least important (maximum of 10 functions) .
Responsible for the successful implementation of all new accounting standards affecting the Financial Reporting of QuikTrip Corporation and its subsidiaries, including but not limited to the revenue recognition standard and the new leasing standard.
Research new standards. Evaluate effective dates and methodology of implementing by the due date, considering all interim periods involved.
Find industry examples to use for consistency of reporting and footnote disclosure requirements.
Review Accounting Standard updates as they are introduced regarding the new standards and update implementation as necessary.
Gather all lease information throughout the organization and summarize into components needed for implementation of new standard. Prepare calculations of beginning balances as needed for first interim period.
Assist with input of data into new leasing software. Analyze and test output to verify it meets accounting standard requirements.
Prepare proforma comparisons and disclosures to address financial reporting impact with management.
Prepare final footnote disclosures and cross reference against disclosure checklist to verify completeness.
60%
Financial Reporting and General Ledger- review and analyze monthly and quarterly financial reports including Profit & Loss, Balance Sheet, Cash Flow and Statement of Stock Holders Equity for:
QuikTrip, QuikTrip West, Quik?N Tasty, QT Kitchens, QT Fuels, QT ESOP.
Review efficiency and effectiveness of the various processes underlying the preparation of financial statement process.
Assist with review of all monthly financial statements for QuikTrip and subsidiaries, including month-end consolidating and consolidated statements, and ensure they are published accurately and timely.
Assist with the maintenance of the general ledger accounting systems for QuikTrip including software updates and report production (E1 and TM1 upgrades).
Ensure compliance with all FASB and GAAP standards affecting QuikTrip, notifying all necessary QuikTrip and outside personnel as needed.
10%
Assist with the timely and accurate preparation, distribution and maintenance of all reports produced out of the current accounting ERP software or other reporting package. I.E., activity reports such as departmental etc.
Review for completeness and accuracy.
Determine most favorable presentation of reporting.
Determine methodology used for all allocations.
Assist with the format and appearance of QuikTrip's various financial statements including the production of reports from mainframe report writer software.
Assist with the distribution process of all financial reports and the review of the access/security of all financial reports.
Support the accurate and timely publication of the fiscal year-end audited financial statements and annual report.
10%
Assist with GAAP presentation of financials statements monthly, quarterly and annually. Review the Quarterly GAAP Financial Statements and footnote disclosures in an accurate and timely basis. Ensuring adherence to GAAP. Includes completion of footnote disclosure checklist.
10%
Assist with coordinating all Financial and plan audits.
Annual external audit of the financial statements of QuikTrip Corporation and its subsidiaries.
Retirement plan audit.
Review system reports as requested by auditors.
Coordinate completion of all required PBC lists for audits.
5%
Assist in the review of the quarterly general ledger account reconciliations for the QT, QNT, QTW and QT ESOP. Select sample of accounts quarterly to review for proper completion and assist with additional training on the preparation of recons as needed.
5%
C. Position in Organization
Reports to: Financial Reporting Manager
Directly supervises: N/A
Indirectly supervises : N/A
D. Relationships
Inside the Company: Operations, Store Accounting, Petroleum, QNT Accounting, Information Technology, Finance, Treasury, Corporate Accounting, and Internal Audit
Outside the Company: External auditors. Grant Thornton. Other outside consultants.
E. Position Specifications
The required specifications (education, experience, and skills) are those that the employee must have to hold the position. Applicants applying for this position must possess the required specifications in order to be considered for the job. The desired specifications are those that are not required for the employee to hold the position but the employee should try to obtain the desired education, experience, and/or skills to be effective and successful in the position.
Required education: Bachelor?s degree in Accounting.
Desired education: Master?s Degree in Accounting or Business Administration and CPA .
Required experience: 7-10 years of Accounting experience and financial enterprise software experience. With minimum of five years preparation/review of financial reports and GAAP research.
Desired experience: 10-15 years accounting experience with CPA. Financial Reporting Experience. Public accounting experience.
Required skills: Proficient with Microsoft Excel and Financial Enterprise software experience.
Desired skills: Advanced knowledge of Microsoft Excel and Access and
JD Edwards. Experience and understanding of GAAP.
ADA Information (not to be revised by employee):
Sensory Requirements:
Worker must be able to hear, see and speak to supervisors, co-workers, internal customers and vendors, and to identify and deal with such via the telephone or in person in order to accomplish job responsibilities. Worker must also be conscious of the office paging system.
Physical Requirements:
This job requires that the worker be able to sit or stand for extended periods of time to perform work duties. Worker is required to hold items such as writing utensils. Worker is required to breathe (non-assisted) in order to accomplish job responsibilities via the telephone or make presentations.
Mental Requirements:
Worker must be able to concentrate and perform work with many interruptions (persons and telephone). He/she must be able to conceptualize work delegated by supervisor in order to complete it correctly. He/she must learn new process as QuikTrip changes. He/she must be able to think through, reason and solve problems. He/she must maintain his/her composure with internal and external customers.
Does this position require the use of a computer? If so, estimate the amount of time spent on the computer during the work day.
Yes, most of day.
What is the extent of direct or indirect impact on sales, expenses, profits, etc.?
Direct impact on presentation of the financial statements. Has a direct impact on profits due to errors made in financial reporting.
List all confidential information regularly accessible to this position .
N/A
G. Please list any additional criteria which should be recognized in evaluating the scope and impact of this position.
This position requires good time management and organizational skills. Must be able to work under pressure of deadlines. This is an extremely technical position requiring specific skills and training. Needs good phone skills for dealing with personnel in various departments and outside parties. Must have the ability to multitask. Must possess an on-going understanding of GAAP. This position must have a good interpersonal relationship with Operations and Executive departments as well as Finance/Accounting personnel.
Job Type: Full-time
Required education:
Bachelor's
Required experience:
Accounting: 7 years
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