Specialist, Fixed Asset Accounting
2 days ago
Project Activation and Setup: Facilitate the setup and activation of new Capital, Expense and R&D projects, ensuring all project costs are accurately categorized and aligned with budgets and funding sources.
What you'll do:
- Cost Tracking and Reporting: Track and report project expenditures, including actual vs. budget variances, and provide monthly updates to project managers and stakeholders
- Reconciliation and Compliance: Reconcile project expenses with general ledger accounts, ensuring compliance with GAAP and internal accounting policies
- Budget and Forecast Support: Collaborate with project managers and financial analysts to prepare, review, and update project budgets and forecasts.
- Month-End and Year-End Close: Prepare month-end and year-end close entries related to project accounting, including reclassifications and adjustments.
- Risk Management and Audit: Maintain documentation for all project transactions to support audits and internal reviews. Ensure accurate audit trails for capital expenditures and resolve audit findings promptly.
- Process Improvement: Continuously assess and improve project accounting processes, implementing best practices to enhance accuracy and efficiency.
- Stakeholder Collaboration: Work closely with Engineering, Finance, and Operations teams to align project accounting activities with organizational goals and strategic initiatives.
- Enforce policies related to capital project accounting, ensuring consistency and compliance across all projects.
- Monitor compliance with internal controls over applicable processes and response to regulator changes
- Adherence to SLA's and achieving KPI's
- Ensure acceptable audit and ICFR testing results
- Drive cost savings and value to the organization through successful project execution
- Improve processes and automation
- Promote a customer driven service model
Qualifications
What you'll bring:
- Bachelor's degree in Accounting, required
- 3-5 years of experience in project accounting, or fixed asset accounting, ideally with a focus on Capital and R&D projects
- Strong analytical skills, with the ability to interpret financial data and identify trends or discrepancies
- Excellent communication and collaboration abilities to work effectively with cross-functional teams and present complex information clearly to non-financial stakeholders
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