Staff Accountant

This position is responsible for evaluating, reviewing and performing expense accruals at month end to ensure company expenses are properly and adequately recorded according to GAAP. It will perform flux analysis for balance sheet and P&L line items on a monthly basis for executive review purposes. It will review company contracts, including acquisition, divesture, supply and IT contracts and analyze for accounting implications.

It will also reconcile large volume general ledger accounts.

• Month end close process. This position is responsible for a large number of accrual entries. Determine outstanding liabilities for major company expenses, according to GAAP. Requires in‑depth understanding of accrual method of accounting and ability to interpret heavy financial data. Work with 7‑Eleven department business process owners to ensure amounts to be accrued are accurate. Review the month end checklist to ensure no entries are duplicated or missed.
  
  Follow up to ensure balance in GL accounts are reversed appropriately. Ensure recurring expenses are properly accrued by service month. Handle questions or concerns from all levels of management regarding their P & L accrual entries.
• Perform various monthly balance sheet reclassifications and clearing to ensure proper balance sheet presentation under GAAP.
• Perform P&L and balance sheet flux analysis for certain P&L and balance sheet line items on a monthly basis for executive review purposes. Coordinate with business owners to understand and document the business reasons for the P&L and balance sheet flux. This requires strong analytical skills to analyze data in FDS and provide clear responses for the variances.
• Prepare General ledger Account Reconciliations. Will be responsible for the coordination of timely clearing of items for assigned general ledger accounts and communication of issues to the appropriate individuals within the company.
• Ensure compliance with (GAAP) generally accepted accounting principles, Sarbanes‑Oxley 404 control procedures and company procedures. Assist in quarterly/annual SOX walkthrough, testing and updating business process narratives for AP related areas.
• Prepare all balance sheet reports after the books are closed on 6th workday.
• This position will act as a back‑up for the mid‑month and end of month forecast for the compensation lines on the Company’s P&L. This requires a thorough understanding of the payroll schedules, timely execution and strong analytical skills to analyze data in FDS and estimate accrual accounts and other non‑recurring items.
• Position is involved in the cash receipts process and performs the reconciliation between the GL and the deposits confirmation.
• This position also acts as a back‑up for other tasks such as daily deposits and cash receipts review within the cash receipts application.
• Perform other ad hoc projects as requested by management.
• This is a key position during the Financial Month End Close as well as the monthly forecast preparation process. Ability to audit financial data and make necessary corrections is critical during the close process. Correct errors and inconsistencies in financial entries, documents and reports. May be required to work additional hours during the month end close process as well as the additional demands for the final closing of the books during the quarter end and year end close process.
  
  At year end as well as quarterly close, there is a greater emphasis on getting all of the expenses booked in the proper year, as well as any correcting entries and account reconciliation issues resolved before the close of the books.
• Assists with preparation of footnotes and other supplemental information during the quarter end and year end reporting.
• Working experience with GAAP, month end close, and accounting systems (preferably Oracle) is preferred.
• Demonstrate ability to apply principles of accounting to analyze and prepare financial information. Perform account research and analyses to determine trends, estimates, and significant changes.
• Knowledge of accounting that includes spreadsheet preparation. Streamline processes by utilizing the system to…