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Senior Fixed Asset Accountant
2 months ago
Redwood Materials is a pioneering company in the field of sustainable materials for electric vehicles and clean energy products. Founded in 2017, our mission is to create a circular supply chain that makes electric vehicles and clean energy products more sustainable and cost-effective.
Job SummaryWe are seeking a highly skilled Senior Fixed Asset Accountant to join our corporate accounting team. As a key member of our team, you will be responsible for overseeing the accounting, reporting, and analysis of fixed assets across our global operations.
Key Responsibilities- Fixed Asset Lifecycle Management: Manage the complete lifecycle of fixed assets, including acquisition, capitalization, depreciation, impairment testing, and disposal, ensuring compliance with US GAAP and company policies.
- Reconciliation and Analysis: Conduct monthly and quarterly reconciliations of fixed asset sub-ledgers to the general ledger, investigating and resolving any variances or discrepancies in a timely manner.
- Depreciation and Reporting: Prepare and review depreciation schedules and journal entries for fixed assets, ensuring accurate and timely recording of depreciation expense and related adjustments.
- Financial Statement Preparation: Assist in the preparation of monthly, quarterly, and annual financial statements and disclosures related to fixed assets, supporting external reporting requirements and audit activities.
- Internal Controls and Compliance: Establish and maintain effective internal controls over fixed asset accounting processes, ensuring compliance with SOX requirements, and facilitating audit readiness.
- Capital Expenditure Management: Review and approve capital expenditure requests, ensuring proper classification and capitalization of expenditures in accordance with company policies and accounting standards.
- Physical Inventory and Audits: Coordinate and participate in physical inventories and audits of fixed assets, collaborating with cross-functional teams and external auditors to verify asset existence, condition, and valuation.
- Process Improvement: Identify opportunities to streamline and automate fixed asset accounting processes, leveraging technology and best practices to enhance efficiency and accuracy.
- Ad-Hoc Analysis and Reporting: Conduct ad-hoc financial analysis and reporting as requested by management, providing insights into fixed asset trends, performance metrics, and investment opportunities.
- Education: Bachelor's degree in accounting, finance, or related field; CPA certification or advanced degree preferred.
- Experience: 5 years of progressive experience in fixed asset accounting within a large corporate environment, preferably within a multinational organization.
- Skills: Strong understanding of fixed asset accounting principles, depreciation methods, tax regulations, and financial reporting requirements under GAAP. Proficiency in ERP systems (e.g., SAP, Oracle) and fixed asset management software; experience with Oracle Fusion or similar platforms is a plus.
- Personal Qualities: Excellent analytical and problem-solving skills, with the ability to interpret complex financial data and communicate findings effectively to stakeholders. Detail-oriented with strong organizational and time management skills, capable of managing multiple priorities and meeting tight deadlines in a fast-paced environment. Collaborative team player with strong interpersonal skills, able to build effective relationships and work cross-functionally to achieve common goals.
