LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2021, LyondellBasell was named to Fortune Magazine's list of the "World's Most Admired Companies" for the fourthconsecutive year.
This role reports to the Associate Director, External Reporting and Accounting Policy and the purpose of the role is to play an integral part in interacting with and advising LyondellBasell's senior management on technical accounting matters related to US GAAP and IFRS, as well as participate in strategic project and transactions. This highly-visible position will develop and maintain close business relationships with various disciplines throughout the organization including Financial Planning and Analysis, Segment Controlling, Corporate Accounting, Accounting Global Process Solutions, Treasury, Tax, Legal and the Merger and Acquisitions team.
This person will be a technical accounting subject matter expert and required to have a strong working knowledge in many of the following areas: business combinations; divestitures; inventory; property, plant and equipment; leasing; impairment; segment reporting; debt and equity securities; equity method and segment reporting. This person will be required to be able to explain complex concepts to non-accountants and lead or influence cross functional teams to resolve issues.
Roles & Responsibilities
As a subject matter expert, work with the business and others in the organization to identify, resolve and document complex accounting issues and pending transactions.
Prepare and review accounting memoranda providing documentation of the Company's application of accounting principles to specific transactions or events.
Evaluate various complex transaction structures against US GAAP and IFRS, recommends alternative structures to meet business and financial needs while complying with accounting principles and regulations.
Support LyondellBasell's mergers and acquisition transaction team, participating in different strategic projects with internal cross functional teams and external advisors (i.e. financials due diligence, integration activities, divestitures)
Coordinate and effectively communicate with various departments throughout the company and all levels of management regarding accounting issues.
Monitors standard-setters for latest accounting regulations, analyzes impact of new/emerging regulations on the company and proactively develops policy to address standard adoption and implementation.
Lead training sessions for company-wide finance personnel on both US GAAP and IFRS accounting.
Maintains strong relationship with external auditors; confers with external auditors on various transactions; documents transactions and decisions.
Strong SEC reporting knowledge needed and the ability to review SEC filings and the IFRS annual financial reporting to provide value-added comments in the process.
Drives continuous process improvements to mitigate risks throughout the organization.
A valuable member of the Finance team who leads by example and contributes to and effectively influences decisions.
Fosters an environment of strong ethics, morale, leadership and teamwork.
Serve as a mentor to others and has the ability to coach and develop team members.
Work with other accounting departments in implementing new accounting standards.
Integral to the finance function talent recruitment and development efforts.
Bachelor's degree in accounting is required.
Professional Accounting Certification (CPA or Chartered Accountant) is required.
Public firm transaction related experience is strongly preferred.
Public firm National (Technical) Office or international assignment experience is a plus.
Typically 12+ years accounting experience although high potential individuals could be considered with less years of relevant experience - solid technical accounting knowledge in many of the following areas: business combinations; divestitures; valuation; inventory; property, plant and equipment; leasing; impairment; segment reporting; derivatives and hedging; debt and equity securities; equity method and segment reporting.
Typically 10+ years of public accounting experience required although high potential individuals could be considered with less years of relevant experience.
10 years of Big 4 public accounting experience preferred.
Experience working in a fast pace environment.
Ethics and values: Adheres to an appropriate (for the setting) and effective set of core values and beliefs during both good and bad times; acts in line with those values; rewards the right values and disapproves of others; practices what he/she preaches.
Drive for Results: Can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented; steadfastly pushes self and others for results.
Listening: Practices attentive and active listening; has the patience to hear people out; can accurately restate the opinions of others even when he/she disagrees.
Decision Quality: Makes good decisions (without considering how much time it takes) based upon a mixture of analysis, wisdom, experience, and judgment; most of his/her solutions and suggestions turn out to be correct and accurate when judged over time; sought out by others for advice and solutions.
Priority Setting: Spends his/her time and the time of others on what's important; quickly zeros in on the critical few and puts the trivial many aside; can quickly sense what will help or hinder accomplishing a goal; eliminates roadblocks; creates focus.
Relationships with Peers: Can quickly find common ground and solve problems for the good of all; can represent his/her own interests and yet be fair to other groups; can solve problems with peers with a minimum of noise; is seen as a team player and is cooperative; easily gains trust and support of peers; encourages collaboration; can be candid with peers.
Able to influence others on important, complex and non-routine accounting issues.
Willingness to create or change procedures to effectively implement new or existing accounting policies.
Ability to work in a fast paced environment.
Excellent written and verbal communication skills required.
Ability to meet deadline, work well under pressure and produce accurate results.
Effective listening skills.
Fluent in spoken and written English is required.
Builds effective teams
Instills trust and exemplifies integrity
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 unsolicitedrésumés 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 here.