Director Fixed Assets

Confidential Company; Tupelo (MS); On-site; USD 120,000 - 180,000; Full time

Job summary

Confidential Company seeks a Director of Fixed Assets to lead fixed asset and lease accounting under US GAAP and ASC 842. You will oversee capitalization, depreciation, CIP, and asset verifications, while driving process improvements and automation.

You will develop the team, partner with stakeholders, ensure accurate monthly closes, and coordinate with external auditors. The role requires strong leadership and extensive experience in fixed assets and lease accounting.

Qualifications

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

Responsibilities

• Direct fixed assets accounting including capitalization, depreciation, transfers, and disposals.
• Oversee month-end close for fixed assets and related journal entries.
• Maintain fixed asset subledger and integration with the general ledger.
• Lead lease accounting activities and ASC 842 compliance.
• Develop accounting policies, procedures, and internal controls.
• Partner with external auditors and internal stakeholders on asset matters.

Skills

Analytical skills

Leadership

Communication

Attention to detail

Problem solving

Education

Bachelor's degree in Accounting or Finance

Tools

ERP systems

Fixed asset accounting 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.