Director Fixed Assets

Confidential Company; Tampa (FL); On-site; USD 140,000 - 190,000; Full time

Job summary

Confidential Company is seeking a Director of Fixed Assets to lead the fixed asset and lease accounting functions in a fast-paced environment in Florida. This role manages capitalization, depreciation, CIP, and disposals, ensuring accurate reporting under US GAAP and ASC 842, while guiding a growing accounting team.

You will oversee the monthly close, maintain subledger integrity, and monitor CAPEX requests, with emphasis on automation and internal controls.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• 10+ years of progressive accounting experience.
• 5+ years of experience in fixed asset accounting.
• Previous leadership and team development experience required.
• Experience with lease accounting and ASC 842.
• Experience with ERP systems and fixed asset accounting software.

Responsibilities

• Direct the accounting and reporting of fixed assets, including capitalization, depreciation, transfers, and disposals.
• Oversee monthly close activities related to fixed assets, including journal entries, reconciliations, and financial reporting.
• Maintain the integrity of the fixed asset subledger and ensure integration with the general ledger.
• Monitor construction in progress (CIP) and capitalization of completed projects.
• Oversee physical inventory and asset verification processes.
• Lead lease accounting activities and ensure ASC 842 compliance.
• Review lease classifications, modifications, terminations, and related accounting treatment.
• Ensure accurate lease calculations, accounting entries, and reporting.
• Review and validate capital expenditure requests and coordinate required approvals.
• Monitor project spending against approved expenditures and provide related reporting.
• Develop and maintain accounting policies, procedures, documentation, and internal controls.
• Partner with external auditors and internal stakeholders on fixed asset and lease-related matters.
• Provide analysis related to capital spending and asset utilization.
• Identify and implement opportunities for process improvement, standardization, and automation.
• Lead, develop, and support the fixed asset accounting team.

Skills

Leadership

Fixed asset accounting

ASC 842

U.S. GAAP

Depreciation & capitalization

Lease accounting

Capital expenditure

ERP systems

Excel

Team development

Education

Bachelor's degree in Accounting/Finance

CPA preferred

Master's degree

Tools

ERP systems

Fixed asset software

Job description

The Director, Fixed Assets is responsible for leading fixed asset and lease accounting functions, ensuring accurate financial reporting and compliance with U.S. GAAP and ASC 842. This position oversees fixed asset accounting, lease administration, capital expenditure processes, financial controls, and related reporting.

The Director will also lead and develop the fixed asset accounting team, partner with key stakeholders, and drive process improvement and automation initiatives.

Essential Duties and Responsibilities

• Direct the accounting and reporting of fixed assets, including capitalization, depreciation, transfers, and disposals.
• Oversee monthly close activities related to fixed assets, including journal entries, reconciliations, and financial reporting.
• Maintain the integrity of the fixed asset subledger and ensure appropriate integration with the general ledger.
• Monitor construction in progress (CIP) and ensure timely capitalization of completed projects.
• Oversee physical inventory and asset verification processes.
• Lead lease accounting activities and ensure compliance with ASC 842.
• Oversee accounting for real estate, equipment, and other leased assets.
• Review lease classifications, modifications, terminations, and related accounting treatment.
• Ensure accurate lease calculations, accounting entries, and reporting.
• Review and validate capital expenditure requests and coordinate required approvals.
• Monitor project spending against approved expenditures and provide related reporting.Ensure appropriate capitalization of completed capital projects.
• Develop and maintain accounting policies, procedures, documentation, and internal controls.
• Partner with external auditors and internal stakeholders on fixed asset and lease-related matters.
• Provide analysis related to capital spending and asset utilization.
• Identify and implement opportunities for process improvement, standardization, and automation.
• Lead, develop, and support the fixed asset accounting team.

Education and Experience

• Bachelor’s degree in Accounting, Finance, or related field required.
• 10+ years of progressive accounting experience.
• 5+ years of experience in fixed asset accounting.
• Previous leadership and team development experience required.
• Experience with lease accounting and ASC 842.
• Experience with ERP systems and fixed asset accounting software.

Knowledge, Skills and Abilities

• Strong knowledge of U.S. GAAP and fixed asset accounting principles.
• Strong understanding of ASC 842 lease accounting requirements.
• Experience with capital expenditure and construction-in-progress accounting.Strong analytical and problem-solving skills.
• Advanced Microsoft Excel skills.
• Strong organizational skills with the ability to manage multiple priorities and deadlines.
• Ability to communicate effectively and partner across multiple functions.
• Strong attention to detail and commitment to financial accuracy.
• Demonstrated ability to identify and implement process improvements.

Preferred Qualifications

• CPA certification.
• Master’s degree in Accounting, Finance, or related field.
• Experience leading accounting process improvement or automation initiatives.