Director of Capital Assets & Leases — Hybrid Role

First Citizens; Raleigh (NC); Hybrid; USD 180,000 - 260,000; Full time

Job summary

First Citizens Bank is seeking a Director of Capitalization & Fixed Asset Accounting to provide leadership over capitalization, fixed assets, lease accounting under ASC842, and project capitalization. You will lead a distributed accounting team, establish governance, and ensure accurate financial reporting.

You will partner with Finance, Technology, Strategy, Corporate Real Estate, Procurement, and Enterprise Project functions to drive capital asset investments and foster automation and data

Qualifications

• Bachelor's Degree with 10+ years' experience in Accounting, Audit, or Financial Analysis including Management or Leadership
• High School Diploma or GED/Equivalent with 14 years' experience in Accounting, Audit, or Financial Analysis including Management or Leadership
• CPA certification is preferred

Responsibilities

• Lead the end-to-end accounting, governance, and control environment for capitalized assets, including internally developed software, software development costs, cloud implementation costs, capitalized labor, fixed assets, impairment assessments, lease accounting under ASC 842, and project capitalization activities.
• Ensure accurate financial reporting, maintain internal control environment, and support regulatory and audit requirements related to capitalized assets and investments.
• Oversee a geographically dispersed accounting team, driving scalability, operational excellence, process standardization, and talent development.
• Develop expertise in software capitalization, project accounting, fixed asset accounting, and evolving accounting standards, including preparation for finance transformation initiatives.
• Partner with stakeholders across Finance, Technology, Strategy, Corporate Real Estate, Procurement, and Enterprise Project functions as the primary accounting leader for internal capitalized asset investments.
• Build and mature the end-to-end capital asset lifecycle, strengthen governance and decision-making frameworks, enhance automation and data governance capabilities, and shape the bank's long-term capital asset strategy

Skills

Leading Others

Risk Identification

Risk Mitigation

Critical Thinking Skills

Analytical Reasoning

Problem Solving

Maintains Strategic Perspective

Accounting

Financial Statement Analysis

Education

Bachelor's Degree

High School Diploma or GED/Equivalent

CPA

Job description

First Citizens Bank is seeking a Director of Capitalization & Fixed Asset Accounting to provide leadership over capitalization, fixed assets, lease accounting under ASC842, and project capitalization. You will lead a distributed accounting team, establish governance, and ensure accurate financial reporting.

You will partner with Finance, Technology, Strategy, Corporate Real Estate, Procurement, and Enterprise Project functions to drive capital asset investments and foster automation and data