Fixed Asset Accountant at The Planet Group

The Senior Fixed Asset Accountant will perform the activities to ensure that (a) monthly sub ledger closes are completed in accordance with time and quality standards; (b) assets are capitalized in accordance with GAAP and internal accounting policies; (c) processes are in place to identify potential impairment of CWIP and/or inventory obsolescence; and (d) the operations groups and other internal stakeholders have the analysis and reporting needed to effectively manage this significant investment.
Responsibilities
To perform this job successfully, an individual must be able to perform the essential duties satisfactorily. Other minor duties may be assigned and may vary by location.

• Manage the various labor allocation workstreams required to ensure the appropriate capitalization of time and effort to capital projects
• Oversee the capital projects sub ledger to ensure that only projects that have passed through the Commitments/Capital Expenditures approval processes are opened.
• Ensure that expenditures incurred/booked to projects comply with the company's accounting policies
• Ensure that upon completion the investment is capitalized promptly into property, plant and equipment and set up to be depreciated
• Develop and execute the procedures to complete the monthly close of the capital projects and fixed assets sub ledgers and the supporting general ledger close and reconciliations
• Conduct review procedures to ensure that expenditure is correctly classified in the construction of long-lived assets.
• Identify capital projects held within the CWIP balance that are at risk of impairment and ensure that appropriate action is taken to write off such costs to expense, if necessary, in a timely manner.
• Develop the analysis and reporting needed by the operations groups to manage the capital program such that it is accurate, produced in a timely manner and highlights all significant variances to budget and plan
• Support audits as required
• Work with the operations group to ensure that all fixed asset installations and/or inventory movements are accurately recorded and valued
• Ensure fixed asset inventory is periodically reviewed for potential obsolescence in line with internal control procedures
• Prepares journal entries for entry into the general ledger system on a monthly basis by collecting necessary data, analyzing and/or allocating costs and preparing audit train support for the journal entries.
• Prepares basic financial reports in a timely and accurate manner; and completes individual analytical projects in a satisfactory manner given abstract project guidelines.
• Assist in the integration of newly acquired entities
• Facilitate annual fixed asset inventory counts
• Perform other duties as assigned.

Qualifications

• Hands-on, self-motivated; able to work independently to complete tasks and respond to department requests and to collaborate with others to utilize their resources and knowledge
• Strong organization, planning and project management skills; ability to prioritize tasks for self
• Ability to work in a time-sensitive and high volume environment
• Ability to identify key contacts for follow up; excellent ability to communicate project and status updates to team and cross-functionally to ensure understanding
• Good strategic and problem-solving skills to effectively influence decision making in key negotiations

Education/Experience
Preferred:

• Bachelor's Degree, or equivalent experience, in Accounting, Business Administration or similar area of study, and two to five years previous experience.

Other Knowledge, Skills or Abilities Required

• Fixed Assets and general accounting knowledge required
• Advanced Microsoft Excel skills
• Experience with Microsoft Dynamics GP (Great Plains) and/or Microsoft Dynamics D365 preferred
• Effective writing and communication skills to prepare reports and coordinate with other departments