Kansas City Southern Railway Lease Accounting Manager in Kansas City, Missouri
Lease Accounting Manager
This position will be responsible for acting as the accounting lead for implementation of the new accounting system/lease sub ledger and development of new processes and controls to ensure compliance in the US and Mexico. Upon system and process implementation, the position will be responsible for interfacing with departments all across the company in both US and MX to understand, manage and report on the accounting of all leases.
Bachelor’s degree and 7 years of work-related experience, preferably including experience researching and documenting technical accounting matters; or equivalent combination of education and experience.
Experience leading cross-functional teams or projects, preferably including a new system implementation or conversion.
Lease accounting experience preferred; experience researching or implementing the new lease accounting standard would be a plus, but not a requirement.
Masters in Accountancy or MBA preferred
KNOWLEDGE AND SKILLS:
Strong interpersonal and relationship building skills – works with others at all levels in all departments
Strong communication skills – both verbal and written
Advanced knowledge of Microsoft Excel
PREFERRED KNOWLEDGE AND SKILLS:
Property accounting and/or railroad experience
PowerPlant/SAP system knowledge
Bilingual in English/Spanish
Partner with the software vendor and IT to develop an implementation project plan and coordinate discussions with all impacted KCS departments to develop new processes and controls related to leases, both inside and outside of the new system. Departments impacted include: Asset Management (Transportation), Mechanical, Vehicle Fleet Management, Real Estate, Purchasing, Internal Reporting, External Reporting, Tax, Legal, Accounts Payable, Treasury, FP&A, Investor Relations, IT.
Identify and evaluate all existing leases under the new standard, including researching and understanding the technical accounting guidance and applying it to all leases.
Evaluate and document numerous accounting policy decisions related to how KCS choses to implements the new standard, including researching and understanding the technical accounting guidance in order to help identify and propose (for review with recommendations where feasible) such policy decisions.
Review and approve all leases (new, renewals and extensions) from an accounting perspective including evaluation of the cost components of the lease (e.g. which costs should be included in calculation of the lease liability), rights associated with the lease (e.g., renewal, extension, option to purchase terms), and account coding for the general ledger.
Partner with lease owners on middle-of-term and end-of-term decisions to ensure proper accounting and reporting, including documenting the decisions.
Partner with Freight Car Management, Vehicle Fleet Management and Treasury (Locomotives) or updating the accounting calculations for equipment that has been casualtied or replaced.
Partner with lease owners to ensure leases that have variable rent components are accounted for accurately and timely.
Monitor GL and P-card (credit card) activity for identification of leases initiated outside of the defined system/processes.
Manage the month-end closing of the Lease Accounting sub ledger including validation of system generated journal entries, posting manual journal entries as needed, coordinate the financial statements required for intercompany leases between KCSM and Arrendadora and between KCSM and KCSR, prepare monthly internal reporting to support the statement of cash flows, reconciliation of lease balance sheet accounts.
Provide timely and accurate reporting of lease accounting transactions and balances for the following:
Quarterly and annual SEC filings (e.g. 10Q, 10K)
Quarterly and annual schedules and memos required by External Auditors for the US GAAP audit
Quarterly and annual schedules required by External Auditors for the MX GAAP audit in MXP
Quarterly and annual Surface Transportation Board filings (e.g. R-1); MX R-1
Annual reports for the Mexican government/taxing authorities (MX GAAP in MXP)
Quarterly Analyst Book, earnings call support
KCS Yield Management for profitability analysis
Other reporting needs not yet identified for Treasury, Investor Relations, etc.
Prepare the long-range plan, annual budget and quarterly forecasts for lease accounting activity.
Provide business case, and lease vs. buy analysis support to FP&A and Treasury.
Coordinate with the software vendor and KCS IT for system upgrades, enhancements, patches, etc.
Coordinate with the Capital Accounting team for conversion of leased assets to owned assets.
Support audits of lease accounting processes and controls, both External (US and MX) and Internal Audit
The duties listed are representative of the job; however, it in no way states or implies that these are the only duties a person may be required to perform. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or is an essential function of the position.
We are proud to be an EEO/AA employer/Veteran/Disabled. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Kansas City, Missouri, United States