Accounting

Fixed Asset Accountant

Looking to hire your next Fixed Asset Accountant? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a forward-thinking staffing agency at the forefront of global talent solutions. We specialize in connecting US-based SMBs, startups, and firms with highly skilled professionals from Latin America. Our innovative approach breaks down geographical barriers, allowing businesses to tap into a rich pool of diverse talent while offering Latin American professionals access to exciting international career opportunities. Vintti builds bridges across continents, fostering cultural exchange and driving business growth through strategic staffing solutions.

Description

A Fixed Asset Accountant is responsible for managing and overseeing a company's fixed assets, ensuring accurate recording and tracking of acquisitions, disposals, and depreciation. This role involves maintaining fixed asset ledgers, performing regular reconciliations, and ensuring compliance with relevant accounting standards and regulations. The Fixed Asset Accountant collaborates with various departments to ensure proper capitalization of assets, conducts periodic physical asset verifications, and provides detailed reports to inform financial decision-making. Exceptional attention to detail, analytical skills, and a thorough understanding of accounting principles are essential for success in this position.

Requirements

- Bachelor’s degree in Accounting, Finance, or related field
- Professional certification (e.g., CPA, CMA) preferred
- Minimum of 3-5 years of experience in accounting, with a focus on fixed assets
- Strong knowledge of GAAP and relevant accounting standards
- Proficiency in accounting software and ERP systems, such as SAP, Oracle, or Microsoft Dynamics
- Advanced Excel skills, including proficiency with formulas, pivot tables, and data analysis tools
- Strong attention to detail and accuracy in financial reporting
- Excellent analytical and problem-solving skills
- Ability to manage multiple tasks and meet deadlines in a fast-paced environment
- Effective communication and interpersonal skills
- Demonstrated ability to work collaboratively within a team
- Experience with asset management software preferred
- Familiarity with regulatory compliance requirements related to fixed assets
- Proven ability to conduct physical inventories and reconcile discrepancies
- Experience with budgeting and forecasting processes related to fixed assets

Responsabilities

- Review, update, and implement fixed asset accounting policies and procedures
- Record and categorize newly acquired fixed assets
- Track and maintain records of existing fixed assets, including details such as descriptions, locations, and valuations
- Conduct regular reconciliations of fixed asset sub-ledgers to general ledger
- Coordinate and oversee physical inventories of fixed assets
- Calculate and record depreciation for fixed assets according to policies and standards
- Prepare fixed asset-related journal entries, including adjustments, reclassifications, and disposals
- Assist with month-end and year-end close processes for fixed asset accounts
- Support the preparation of financial statements and reports by collaborating with the finance team
- Monitor and analyze fixed asset expenditures and projects for proper capitalization
- Respond to internal and external audit requests associated with fixed assets
- Provide budgeting and forecasting support related to fixed assets
- Participate in initiatives to improve fixed asset management processes
- Ensure compliance with accounting standards, company policies, and regulatory requirements
- Train and mentor junior staff on fixed asset accounting processes and best practices

Ideal Candidate

The ideal candidate for the Fixed Asset Accountant role will possess a Bachelor’s degree in Accounting or Finance, with a professional certification such as CPA or CMA being highly preferred. They will bring a minimum of 3-5 years of focused experience in accounting, particularly in managing fixed assets, and possess a deep understanding of GAAP and relevant accounting standards. Proficiency with ERP systems such as SAP, Oracle, or Microsoft Dynamics, coupled with advanced Excel skills, will be essential for navigating and analyzing complex financial data. This individual will have a keen attention to detail and a commitment to accuracy in financial reporting, complemented by strong analytical and problem-solving skills. Able to manage multiple tasks in a fast-paced environment, the ideal candidate will meet tight deadlines while maintaining high standards of productivity and precision. Effective communication and interpersonal skills will enable them to collaborate seamlessly within the finance team, while their proactive approach and ability to train and mentor junior staff will foster a culture of continuous improvement. Familiarity with regulatory compliance requirements and experience in conducting physical inventories and reconciling discrepancies will ensure they can manage fixed asset records with precision. Above all, this candidate will demonstrate a strong commitment to complying with company policies and regulatory standards, maintaining accuracy and consistency in all financial undertakings, and enhancing fixed asset management processes through innovative and efficient practices.

On a typical day, you will...

- Review and update fixed asset accounting policies and procedures
- Record newly acquired fixed assets and track existing fixed assets
- Manage and maintain detailed fixed asset records, including asset descriptions, location, and valuation
- Conduct regular reconciliations of fixed asset sub-ledgers to the general ledger to ensure accurate financial reporting
- Coordinate and oversee physical inventories of fixed assets to ensure accurate counts and condition assessments
- Calculate and record depreciation for all fixed assets according to company policy and accounting standards
- Prepare fixed asset-related journal entries, including adjustments, reclassifications, and disposal entries
- Assist with month-end and year-end close processes, ensuring all fixed asset accounts are properly reconciled
- Collaborate with the finance team to support the preparation of financial statements and reports
- Monitor and analyze fixed asset expenditures and projects to ensure proper capitalization
- Respond to internal and external audit requests related to fixed assets
- Provide support for budgeting and forecasting related to fixed assets
- Participate in continuous improvement initiatives to enhance fixed asset management processes
- Ensure compliance with relevant accounting standards, company policies, and regulatory requirements
- Train and mentor junior staff or team members on fixed asset accounting processes and best practices

What we are looking for

- Strong analytical mindset with attention to detail
- Proficiency in fixed asset accounting and management
- Ability to navigate and utilize ERP systems and accounting software effectively
- Highly proficient in Microsoft Excel, including advanced functions
- Excellent communication and interpersonal skills
- Strong understanding of GAAP and relevant accounting standards
- Able to maintain accuracy and consistency in financial reporting
- Efficient in managing multiple tasks and meeting tight deadlines
- Collaborative team player with a proactive approach
- Ability to conduct thorough physical inventories and maintain precise records
- Strong problem-solving abilities and critical thinking
- Ability to mentor and train junior staff
- Focused on continuous improvement and process enhancement
- Commitment to regulatory compliance and adherence to company policies
- Effective at managing fixed asset expenditures and capitalizations

What you can expect (benefits)

- Competitive salary range, commensurate with experience
- Comprehensive health, dental, and vision insurance plans
- 401(k) retirement plan with company match
- Paid time off, including vacation, sick leave, and holidays
- Flexible work schedule and potential for remote work opportunities
- Professional development and continuing education support
- Tuition reimbursement program
- Wellness programs and employee assistance program (EAP)
- Life and disability insurance coverage
- Annual performance bonuses and merit-based salary increases
- Career advancement opportunities within the company
- Employee referral program with bonus incentives
- Company-sponsored team-building events and social activities
- Access to on-site gym or fitness membership reimbursement
- Employee discounts on company products and services

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