Job Summary:
The CIP Accounting Manager is responsible for overseeing the accounting andfinancial reporting related to capital projects and construction in progress (CIP). This role ensures proper capitalization, funding governance, impairment analysis, compliance with GAAP, and alignment with company policies. The manager will work closely with project managers, finance teams, and auditors to ensure accurate and timely reporting of CIP and fixed assets.

Key Responsibilities:

• Manage accounting for all construction in progress (CIP) projects across the organization.
• Monitor and track capital project costs, ensuring accuracy and appropriate classification.
• Review and reconcile CIP accounts monthly, preparing journal entries as needed.
• Oversee the capitalization process and ensure timely transfer of completed projects to fixed assets.
• Collaborate with project managers to validate project timelines, and expenditures.
• Oversee funding governance for all approval request above a certain threshold.
• Lead the annual impairment analysis process for CIP and fixed assets, identifying indicators of impairment, evaluating project viability, and coordinating with stakeholders to record necessary adjustments.
• Develop and implement accounting policies and procedures related to capital projects.
• Support internal and external audits by providing documentation and analysis related to CIP.
• Coordinate with Procurement and Accounts Payable to ensure proper coding and approval of capital expenditures.

Qualifications:

• Bachelor's degree in accounting, Finance, or related field; CPA or MBA preferred.
• 5+ years of experience in accounting.
• Strong understanding of GAAP and capital project accounting.
• Experience performing asset impairment testing and related financial analysis is preferred.
• Proficiency with ERP systems (e.g., SAP, Oracle, NetSuite).
• Excellent analytical, problem-solving, and organizational skills.
• Strong interpersonal and communication skills for cross-functional collaboration.

If an hourly or salary range is included in this ad it represents the range 7-Eleven in good faith believes is the range of compensation for this role at the time of this posting. The Company may ultimately pay more or less than the posted range. This range is only applicable for jobs to be performed in this state. This range may be modified in the future. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, long-term incentive compensation, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.

For a general description of all benefits 7-Eleven is offering in the US for the position, please visit this link.