Fixed Assets Accounting Specialist
4 days ago
Concentra is seeking a highly skilled Fixed Assets Staff Accountant to join our team. As a valued member of our accounting team, you will be responsible for the recording of newly acquired fixed assets, tracking existing assets, recording depreciation, and accounting for the disposition of fixed assets in accordance with generally accepted accounting principles.
Key Responsibilities- Prepare and Verify Journal Entries: Prepare and verify the accuracy of journal entries and accounting classifications to ensure all entries are in accordance with generally accepted accounting principles.
- Review Accounts Payable Invoices: Review accounts payable invoices to determine if amounts should be capitalized or expensed based on the Fixed Asset Policy and GAAP.
- Record Disposals and Retirements: Timely record disposals and retirements, as well as all new assets, including the use of cost segregation studies when capitalizing buildings and/or building improvements, in accordance with the fixed asset policy.
- Participate in Real Estate Meetings: Participate in Real Estate meetings to understand project status and validate capitalization dates.
- Complete and Record Internal Cost Segments: Complete and record internal cost segments when necessary and when to facilitate external cost segments for large projects.
- Compile Project Costs: Compile project costs into CIP accounts and the close out of those balances once the related projects are complete.
- Monthly Reconciliations: Monthly reconciliations of fixed asset sub-ledgers to the general ledger, ensuring appropriate classification of balance sheet activity.
- Provide Fluctuation Analysis: Provide fluctuation analysis of monthly and quarterly fixed asset activity.
- Support Audit Process: Support the audit process by providing information to auditors, both internal and external, on a quarterly and annual basis.
- Assist with Integration: Assist with the integration of acquisitions and/or joint ventures into our financial systems and processes.
- Participate in System Implementations: Participate in system implementations, upgrades, patches, and testing.
- Education/Credentials: Bachelor's Degree in Accounting or Finance from an accredited college or university.
- Job-Related Experience: Customarily has at least 3 years of experience in fixed asset accounting, with strong analytical and time management skills required.
- Job-Related Skills/Competencies: Concentra Core Competencies of Service Mentality, Attention to Detail, Sense of Urgency, Initiative, and Flexibility, as well as the ability to make decisions or solve problems by using logic to identify key facts, explore alternatives, and propose quality solutions.
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