Position Summary:
The primary purpose of the Fixed Asset Senior Accountant role is to manage the delivery of the full spectrum of daily, monthly, quarterly and annual fixed asset accounting services for all aspects of the fixed asset life cycle including acquisition, maintenance, depreciation, transfer and disposal of capital assets. The role works closely with our project teams, procurement, division and business area finance teams to ensure timely and effective fixed asset accounting services that comply with company policy and accounting standards.
The Fixed Asset Senior Accountant should be able to manage multiple priorities and work independently in a fast-paced dynamic environment and be a strong collaborator with peers. The candidate must possess a strong desire to learn, grow and develop their skills while improving the current process and reporting. A strong understanding of fixed asset accounting and attention to detail is essential.
Position Specification
- Bachelor’s degree in Accounting, Finance or related field required.
- Minimum of five to seven years accounting experience, with two years’ experience in capital projects and fixed assets management role required.
- Demonstrated knowledge of capital expenditure, fixed asset life cycle, lease accounting and general accounting concepts.
- Detailed oriented and accurate.
- Diligent at meeting deadlines.
- Familiarity with a multi-entity environment and overall consolidation concepts.
- Ability to train and guide new and existing controllers and accountants.
- Strong communication skills, both verbal and written.
- Ability to work independently and manage multiple tasks.
- Ability to work with and organize a large amount of data.
- Strong technical and data analytical skills using Microsoft Excel and SAP Applications.
- Knowledge and experience in SAP ECC6, SAP Fiori Apps and SAP Analytics Cloud is a plus.
Duties and Responsibilities
- Review capital project in the SAP Fiori App workflow, and process integration into SAP daily.
- Perform administrative functions in SAP Fiori App (IQX capital projects workflow).
- Provide fixed asset accounting guidance to controllers and their project teams across the Company’s business units.
- Process monthly transfers of AUC (Asset Under Construction) to Fixed Assets (Asset Capitalization)
- Process monthly asset retirements and transfers.
- Support AUC accounting across all business areas (SAP Capital Projects App) providing guidance/review of cost activity for accuracy and completeness to ensure timely capitalization of fixed assets.
- Responsible for the monthly, quarterly and annual consolidation of all fixed asset movements in the SAP fixed asset register including reconciliation to the general ledger. Resolve any discrepancies on a monthly basis.
- Responsible for monthly, quarterly and annual consolidation of the automated depreciation postings in SAP and ensure assets are depreciating accurately as intended.
- Prepare monthly, quarterly and annual consolidated reporting for all fixed asset metrics including major projects, capital spend and asset movement activity.
- Ensure new, modified or terminated leases are entered in CoStar software timely.
- Request new lease vendor’s setup and any changes.
- Reconcile lease expenses and submit lease payments from CoStar to SAP.
- Coordinate with properties management team, landlords, and controllers on building lease issues.
- Join the Company’s business units’ balance sheet review calls, and large projects meeting.
- Respond to tax team, internal audit team, and external audit team on related fixed assets.
- Proactively interact and respond timely to emergency capex requests or urgent requests to support the operating business units and executive management.
- Undertake other ad hoc tasks as required, particularly on improving processes and system.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the functions of this job.
Performance Measurement:
The performance of the Fixed Assets Accountant will be measured as follows:
- Operating standards - The employee will need to meet or exceed the operating standards set in the areas of quality, cost, safety, planning, customer satisfactions, supervision, efficiency, and productivity. Such standards will be set annually and communicated to the manager.
- Personal growth - Each year there will be professional goals developed and agreed to by the manager and supervisor.
- Employee relations – The employee will be evaluated regarding his/her behaviors associated with appropriate human interaction, respect, and communication.
- Creativity – This will be evaluated by how active the employee is in participating in advancing the business through new and innovative ideas.
Equal Employment Opportunity/Affirmative Action Employer/Veterans/Disabled
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