CenturyLink Manager Cash and Debt Accounting in Monroe, Louisiana

CenturyLink (NYSE: CTL) at http://www.centurylink.com is a global communications and IT services company focused on connecting its customers to the power of the digital world. CenturyLink offers network and data systems management, big data analytics, managed security services, hosting, cloud, and IT consulting services. The company provides broadband, voice, video, advanced data and managed network services over a robust 265,000-route-mile U.S. fiber network and a 360,000-route-mile international transport network. Visit CenturyLink at http://www.centurylink.com/ for more information.

Job Summary

This role is responsible for managing and overseeing the daily operations of the Cash and Debt Accounting departments. This position will manage a team of accountants responsible for preparing journal entries, reconciliations and any necessary reporting while interacting regularly with other accounting teams, Treasury and internal and external auditors.

Job Description

Cash Accounting

  • Provide oversight and approval for bank reconciliations, journal entry preparation and postings into SAP and balance sheet reconciliations in Blackline.

  • Manage the accountants who reconcile wire transfers and other cash application related items.

  • Oversee the journal entry preparation and post process to record deposited miscellaneous checks such as royalty payments, refunds, and other checks which are deposited by the Controllers Group at the corporate office.

  • Oversee maintenance and testing of internal controls over relative accounting policies and procedures. Work with internal and external auditors to provide requested reporting.

  • Work closely with Consolidation accounting to provide necessary information for the statement of cash flows.

  • Reconcile cash balances per SAP and/or BPC with Treasury and report at the quarterly Treasury meeting with Assistant Controller and provide requested reporting to be included in the quarterly Balance Sheet review.

  • Oversee escheatment of unclaimed payments.

Miscellaneous Cash Receipts

  • Oversee the day to day activities of the Miscellaneous Cash Receipts group where miscellaneous checks such as royalty payments, refunds and other checks are deposited by the Controllers Group utilizing a tool entitled the Miscellaneous Cash Receipts tool.

  • Monitor and review MCR daily deposits.

  • Periodically update the MCR tool with instructions and/or contact information as needed.

Debt Accounting

  • Oversee the journal entry preparation to accrue monthly interest on all CenturyLink, Inc. and its subsidiaries debt including the monthly amortization of debt issuance costs and discounts/premiums associated with the debt. This also includes reviewing entries related to the incoming and outgoing wires as it relates to debt and interest payments. Review and approve unamortized balances as compared to the debt rollforward. Review the monthly debt rollforward and balance sheet reconciliations in blackline. Ensure debt is properly classified as current and non-current.

  • Oversee the accounting for affiliate payables and receivables as documented in promissory notes along with the monthly interest.

  • Work with Technical Accounting to ensure any new debt issuances or debt extinguishments are booked properly.

  • Provide Consolidated Debt Rollforward and Debt Schedule to be disclosed in the Debt Footnote in the 10-Q and 10-K

  • Work with Treasury to provide the Fair Value of Debt calculation to be included in the 10-Q and 10-K.

  • Work with Treasury to provide interest expense variance explanations.



  • 8+ years of experience with a Bachelor’s degree or 6+ years of experience with Master's Degree

  • Solid knowledge and application of generally accepted accounting principles

  • Minimum of 6 - 8years of accounting experience with medium to large companies and/or large accounting firms.

  • Possesses high integrity and ethical behavior while holding others accountable to the same.

  • Flexible, independent decision maker with proven strong organization/planning and problem solving skills.

  • Ability to prioritize issues in a timely, efficient manner. Must be knowledgeable with MS Office Suite, primarily Microsoft Excel – strong computer skills and proficiency with Microsoft Excel, Word and Outlook.


  • Prior supervisory experience

  • Experience with Cash and/or Debt accounting.

  • Experience with BPC, consolidation reporting software.

  • Knowledge of CenturyLink’s SAP general ledger system.

  • Leadership and teamwork with demonstrated success in building relationships and managing conflicts with all areas of the company, and challenging, supporting, and mentoring team members for continued personal and professional development.


Bachelors or Equivalent in Accounting

Alternate Location: US-Louisiana-Monroe

Requisition # : 193353

This job may require successful completion of an online assessment. A brief description of the assessments can be viewed on our website at http://find.centurylink.jobs/testguides/

EEO Statement

We are committed to providing equal employment opportunities to all persons regardless of race, color, ancestry, citizenship, national origin, religion, veteran status, disability, genetic characteristic or information, age, gender, sexual orientation, gender identity, marital status, family status, pregnancy, or other legally protected status (collectively, “protected statuses”). We do not tolerate unlawful discrimination in any employment decisions, including recruiting, hiring, compensation, promotion, benefits, discipline, termination, job assignments or training.


The above job definition information has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Job duties and responsibilities are subject to change based on changing business needs and conditions.