Fixed Asset Accountant Job Description

Fixed Asset Accountant Job Description

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Fixed asset accountant provides fixed asset accounting guidance and explanations to operational departments and managers, as it relates to compliance with US GAAP and company policies.

Fixed Asset Accountant Duties & Responsibilities

To write an effective fixed asset accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included fixed asset accountant job description templates that you can modify and use.

Sample responsibilities for this position include:

Assist with the creation of SAP Internal Orders that are used for the compilation of costs associated with assets under construction
Reviews account 15910 in order to enter purchases of fixed assets in the SAP module
Of capital spending projects and the related depreciation to be recorded in SAP and moved into HFM for
Maintains control of the Fixed Asset Register for both Dun Laoghaire and Drogheda, reconciling the asset and depreciation values monthly to SAP
Supports the monthly CIP spending and accounting process through the review of data in SAP and is responsible for ensuring purchasing commitments and actual invoices comply with the CB2 scope
Support the Assistant Plant Controller in the monthly reporting and the periodic forecasting and budgeting of capital spending projects and the related depreciation to be recorded in SAP and moved into HFM for business and statutory accounting
Ensures proper recognition and accounting of Fixed Assets in accordance with U.S. GAAP
Responsible for ensuring that costs associated with assets, primarily assets under construction, are properly captured, classified, placed into service and depreciated according to company policy and US GAAP
Participate in department projects and/or cross-departmental projects
Participate in the maintenance of the department internal controls and policy and procedures

Fixed Asset Accountant Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Fixed Asset Accountant

List any licenses or certifications required by the position: CPA

Education for Fixed Asset Accountant

Typically a job would require a certain level of education.

Employers hiring for the fixed asset accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Education, Business, Business/Administration, Economics, Computer, Accountancy, Communication, Associates

Skills for Fixed Asset Accountant

Desired skills for fixed asset accountant include:

GAAP
Generally Accepted Accounting Principles
SAP
Current federal
Local regulations relevant to specific functional discipline
State
US GAAP
Best practice in Fixed Assets Accounting and solid Fixed Assets/PPE experience in a corporate environment
Configuration
Design and testing of SAP asset module

Desired experience for fixed asset accountant includes:

Proactive- Keep others informed
Strong drive to achieve results and takes ownership
Ability to distinguish between important and irrelevant information
Ability to maintain updated knowledge of procedures, products and activities in the assigned areas
Support where necessary the timely preparation and review of SEC reports (Forms 10-Q and 10-K), and other external reports such as the earnings press releases
Within the context of fixed assets, responsible for documenting, designing and testing processes affecting the financial statements or financial performance of the company

Fixed Asset Accountant Examples

1

Fixed Asset Accountant Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of fixed asset accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fixed asset accountant
  • Coordinate procurement and transfer of equipment with operations
  • Calculates entries for deferred rent and provides detailed analysis of straight line lease exposure
  • Assists Analyst, Financial Associate in the coordination of AFE/AFL approval system
  • Calculates the capitalized interest additions and amortization expense and prepares the related journal entries for the appropriate divisions/legal entities
  • Coordinates activities associated with the JD Edwards Fixed Asset System and advises and/or assists in its use as required
  • Provide the Corporate Controller’s Department with the data necessary to complete and timely file U.S. federal and other governmental or agency reports and filings
  • Completes lease versus purchase analysis to assist management in decision making
  • Accesses, inputs, and retrieves information from the computer, if applicable
  • Assists in regularly scheduled plant fixed asset physical inventory counts in order to maintain consistency and accuracy of the J.D
  • While the regular working cycle of this position is usually 5 days on (Monday-Friday), this job may include working weekends (Saturday and Sunday)
Qualifications for fixed asset accountant
  • Must have Bachelor’s degree in Accounting , Finance or related discipline
  • Must have 1-2 years of experience in Fixed Asset Accounting or related field
  • Must have intermediate Microsoft Office skills ( Work, Excel, Outlook)
  • 1 to 2 years of practical experience in accounting in an international-multinational environment (US company ideal)
  • Fluent in writing and speaking English is a requirement
  • Good team spirit and able to work in cooperation with others team members
2

Fixed Asset Accountant Job Description

Job Description Example
Our innovative and growing company is hiring for a fixed asset accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for fixed asset accountant
  • Updates physical file of each fixed asset acquired by the company with all supporting documentation
  • Controls the movement of fixed assets, including the acquisition, transferrence, consigning, termporary exit, sale, and permanent exit, registering each movement and providing copy to affected personnel
  • Physically inventory equipment with the goal of updating registers in the system and maintain a better control of assets
  • Elaborates the Fixed Asset Balances at the end of each month to be used in the Financial Analysis area for reporting to Corporate
  • Generates the accounting depreciation along with the previous analysis of assets to be depreciated the validation of the balances in the Fixed Asset Module
  • Generates the prorated depreciation report for Maquilas and for LLC Lux (Depreciation Allocation) basing on prorating criteria
  • Elaborates reports used in audits done by KPMG that show movement of fixed assets on a quarterly basis
  • Controls costs and requisitions related with the maintenance of Fixed Assets, with the goal of monitoring the same relative to that which is budgeted and reduce variances
  • Maintains fixed asset sub-ledgers for multiple surgery centers
  • Receive and code invoices for fixed asset purchases in accordance with the capitalization policy
Qualifications for fixed asset accountant
  • Have adaptation facilities and be able to work on a fast moving environment
  • BS in Accounting or Business/Finance with an emphasis in accounting
  • Employees/Candidates who have attained the CPA certification or who are in the process of attaining the CPA certification
  • Proficiency in the Microsoft Office application suite
  • Prepare monthly journal entries including depreciation, asset dispositions, asset transfers, and reclassifications as required to accurately close the monthly fiscal period
  • Reconciles fixed asset balance sheet accounts monthly
3

Fixed Asset Accountant Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of fixed asset accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for fixed asset accountant
  • Assist with monthly reporting requirements
  • Review construction-in-progress on an ongoing basis
  • Accurately record new capital leases and prepare amortization schedules
  • Enter fixed asset information into tax packages on a yearly basis
  • Assist with obtaining and analyzing fixed asset information for acquisitions
  • Responds to request for information from Corporate, Internal Audit, ASD Management, other internal management and surgery centers
  • Ensures that privileged and/or proprietary information is adequately safeguarded against disclosure
  • Fixed Asset Accounting with journal entries preparation/input and balance sheet reconciliations
  • Assist in monthly financial reporting
  • Provide analytical support related to fixed assets for the company and mostly its international subsidiaries
Qualifications for fixed asset accountant
  • Strong planning and multi-tasking abilities
  • Able to perform basic mathematical calculations, balance and reconcile figures, punctuate properly, and spell correctly
  • Assist with the budget and forecasting analysis
  • Provide assistance in the continuous improvement process
  • Complete ad hoc analytics and special projects
  • Lead control process improvement efforts, including key Financial Compliance systems (BST – balance sheet account recons, JET – journal entries, QARC – client requests, and related SharePoint sites
4

Fixed Asset Accountant Job Description

Job Description Example
Our company is hiring for a fixed asset accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for fixed asset accountant
  • Review and reconcile the fixed assets rollforwards received from subsidiaries
  • Responsible for Statutory Reporting and technical high-end advice
  • Assisting Fund Controllers
  • Assist with financial DD on acquisitions
  • Supervising and delegating junior team members
  • Of their targets and objectives
  • Maintains control of the Fixed Asset Register for both Dun Laoghaire and Drogheda, reconciling the asset
  • Support the Assistant Plant Controller in the monthly reporting and the periodic forecasting and budgeting
  • To be a member of the Assistant Plant Controller Team to support and partner the Business in pursuance of their targets and objectives
  • Provides back up for the activities of the Assistant Plant Controller and also participates in Sarbanes Oxley (SOX) audits
Qualifications for fixed asset accountant
  • CIMA Qualified, or working towards full qualification
  • Supports, in conjunction with the Financial Controller and Assistant Plant Controller, the annual budget and quarterly forecasting efforts
  • Works as part of the team on the monthly management accounts closing process
  • Responsibility for the finance functions in relation to Bills of Materials
  • Liaises with the Drogheda operation on Fixed Asset/CIP issues
  • Supports the Finance Team and Controller with special projects and ad hoc duties
5

Fixed Asset Accountant Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of fixed asset accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for fixed asset accountant
  • Provides Finance Support to continuous improvement activities in the plant
  • Prepares the capital and fixed asset transactions, including additions, depreciation, disposals, and impairments
  • Provides support to address all fixed asset related audit and tax department queries
  • Review adequacy for fixed asset accruals and depreciation calculations
  • Manage the process of converting investment proposals to capitalized assets
  • Track company expenditures for fixed assets in comparison to the budget and management authorizations
  • Prepares journal entries, performs account reconciliations and analysis, and prepares schedules and general ledger accounts for internal and external reporting and external auditors for assigned areas
  • Works with various groups and functions to facilitate continuous process improvement
  • Experience with SAGE software a plus
  • Assists with system upgrades for financial systems as needed and actively participates on special projects as assigned
Qualifications for fixed asset accountant
  • Good written and communication skill in English
  • Track individual project spending against approved amount full year capital budget, reporting monthly
  • Assists with SOX compliance and physical asset verification of fixed asset accounting records
  • Reviews transactions, collects and evaluates data, conducts analysis, and prepares reports
  • Assists with the reviews and verification of the accuracy of fixed asset sub-ledgers and accounting classifications assigned to various records
  • Supports site location visits and physical verification procedures

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