Description

Headquartered in Houston, Texas, BWC Terminals is a premier provider of bulk liquid storage and logistics services to refiners, manufacturers, and distributors of bulk liquids in North America. The Company consists of 22 sites with over twenty million barrels of storage capacity. The BWC Terminals facilities are equipped to store a wide range of petroleum, chemical, renewables, and agricultural products. Additional information about BWC Terminals is available at www.bwcterminals.com.

JOB OVERVIEW

This role is responsible for overseeing the company's core accounting operations, capital project and fixed asset governance, lease accounting, and financial reporting processes while serving as a strategic business partner to operations and executive leadership. The position ensures the accuracy, integrity, and compliance of financial records and consolidated reporting, assists with technical accounting, audit, and lender-facing activities, and drives continuous improvement of systems, controls, and financial planning and analysis.

DUTIES AND RESPONSIBILITIES

• Deliver daily cash deposit reporting; apply customer cash.

• Perform daily and monthly bank and cash reconciliations in Workday, including ad hoc cash entries.

• Process mobile check deposits; maintain monthly checks‑in‑transit reporting; download and archive bank statements.

• Support project managers with Workday project setup, administrative coordination, and review meetings for large capital projects.

• Provide monthly capital spend reports to senior management.

• Partner with project managers to ensure capital projects are placed in service in the correct period and that costs are capitalized properly, including preparing and posting required reclassification entries.

• Calculate capitalized interest by project in Excel and record in Workday.

• Gather time reports from project managers and record capitalized labor on a monthly basis.

• Reconcile capital projects and fixed asset subledgers to CIP and general ledger accounts and run monthly depreciation in Workday.

• Review lease agreements to determine the appropriate accounting treatment under ASC 842.

• Set up and maintain amortization tables to calculate the ROU asset and lease liability.

• Prepare monthly lease entries and maintain lease rollforwards and reconciliations.

• Ensure accuracy, propriety, and completeness of monthly, quarterly, and year‑end closes.

• Review financial performance of terminals and assist with QBR meetings

• Review transactional activity from terminals and partners with local managers to validate coding, costs, and completeness.

• Perform expense analysis for select accounts (e.g., utilities, repairs and maintenance) to identify trends, inconsistencies, or required adjustments.

• Prepare and review reconciliations of key general ledger accounts, including prepaid expense schedules and monthly amortization.

• Ensure compliance with GAAP and internal/external reporting requirements.

• Prepare monthly consolidated P&L, balance sheet, and cash flow statements.

• Assist with quarterly GAAP financial statements and debt‑related deliverables.

• Organize audit schedules and workpapers; coordinate responses to auditor inquiries.

• Participate in annual budgeting and ongoing forecasting for revenue, SG&A and operating costs.

• Analyze monthly financial results against budget and forecast and prepare variance explanations.

• Review monthly tank utilization data to compare actual performance to budget.

• Perform complex financial modeling and ad‑hoc analyses.

• Maintain and enhance systems and controls ensuring data integrity.

• Provide first level of review for all employee expense reports to ensure they are within company policy for reimbursement and ensure they are coded correctly.

• Participate in process-improvement efforts to increase efficiency, strengthen controls, and enhance data accuracy.

• Research and resolve accounting questions from other departments.

• Maintain up‑to‑date knowledge of accounting guidance and relevant pronouncements.

• Continually learn and explore the functionality of Workday.

• Draft memos to document important accounting research and conclusions.

• Comply with regulatory and company health, safety, environmental, and security requirements.

• Maintain confidentiality and represent the company professionally.

• Collaborate effectively across departments and support team initiatives.

QUALIFICATIONS

To perform the duties of this position successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below outline the knowledge, skills, abilities, and competencies required for this position. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor's degree in Accounting, Finance, or a related field required; CPA or progress toward CPA strongly preferred.

• Active CPA Certification

• 5+ years of progressive experience in corporate accounting, financial reporting, or public accounting, with demonstrated responsibility for month-end close, reconciliations, and financial analysis.

• Hands-on experience with ERP systems; Workday Financials experience strongly preferred.

• Strong working knowledge of U.S. GAAP, including capitalization of fixed assets, lease accounting under ASC 842, and revenue and expense recognition principles.

• Experience with capital project accounting, CIP tracking, fixed asset subledger management, depreciation, and capitalization of interest and labor.

• Proven ability to prepare and analyze consolidated financial statements, including P&L, balance sheet, and cash flow reporting.

• Advanced proficiency in Microsoft Excel, including complex formulas, lookups, pivot tables, and financial modeling.

• Experience managing or supporting budgeting, forecasting, and variance analysis processes.

• Demonstrated ability to partner cross-functionally with operations, project managers, and senior leadership to resolve accounting and financial reporting issues.

• Strong analytical and problem-solving skills with a high attention to detail and commitment to data accuracy and internal controls.

• Experience supporting external audits, preparing audit schedules, and responding to auditor inquiries.

• Excellent written and verbal communication skills, with the ability to explain technical accounting topics to non-financial stakeholders.

• Ability to manage multiple priorities, meet deadlines, and operate effectively in a fast-paced, deadline-driven environment.

• Capable of reporting to work on time, prepared to perform the duties of the position, and willing to perform duties as necessary.

• Ability to grow and perform increased responsibilities to include higher financial management responsibilities.

WORKING CONDITIONS / PHYSICAL REQUIREMENTS

The working conditions and environment, as well as the physical requirements and activities listed below, are representative of those that an employee must meet to perform the essential functions of the job successfully. Reasonable accommodation may be provided to enable individuals with disabilities to perform the essential functions.

Working Conditions and Environment: While performing the duties of this position, the individual generally has good working conditions. The employee is often exposed to moderate noise from office equipment and co-workers.

Physical Requirements/Activities: The position requires regular physical activity, including standing, walking, sitting, reaching, carrying, and handling objects. Candidates must be able to use hands and fingers for tasks such as typing and operating office equipment. Effective verbal communication and active listening are essential, as the role involves frequent interaction with others. This position involves sitting for approximately 90% of the workday. Occasionally, employees are required to kneel, bend, push, pull, lift, or twist. Occasionally, employees are required to lift or exert force of up to 10 pounds. Intermittently, the employee is required to lift or exert force of up to 25 pounds. Specific vision ability required is close vision of 20 inches or less.

Equal Employment Opportunity Statement

BWC Terminals provides equal employment opportunities (EEO) to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

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