Fixed Asset Accountant

Nidec; Mankato (MN); Hybrid; USD 73,000 - 109,000; Full time

Benefits offered by this job

Health insurance

Retirement plan with company match

Paid time off

Tuition reimbursement

Job summary

Nidec is seeking an Accounts Payable and Fixed Asset Accountant for our Mankato, MN site. The role handles AP processing, fixed asset tracking, and asset lifecycle accounting to strengthen financial accuracy and controls.

Responsibilities include asset records, depreciation, CIP, and audit support, with collaboration across Operations, Engineering and Finance. Requires a bachelor's in accounting/finance and 3+ years of related experience.

Qualifications

• 3+ years of accounting experience, preferably in fixed assets or manufacturing.
• Knowledge of IFRS and fixed asset accounting principles.
• Experience with ERP systems and advanced Excel.
• Strong analytical, organizational, and communication skills.

Responsibilities

• Maintain fixed asset records and the fixed asset subledger.
• Record asset acquisitions, transfers, disposals, and impairments.
• Manage construction-in-progress (CIP) projects and capitalization.
• Calculate and record monthly depreciation and amortization.
• Reconcile fixed asset accounts to the ledger.
• Perform physical asset inventories and investigate discrepancies.
• Monitor capital expenditures against approved budgets.
• Evaluate assets for impairment, obsolescence, and retirement.
• Prepare supporting documentation for audits and regulatory reporting.
• Enter accounts payable invoices into Oracle, as needed.
• Process confidential accounts payable invoices not routed through DataServ.
• Ensure accounts payable payment runs are completed accurately and on schedule.
• Manage vendor wire payments and ACH enrollments.

Skills

Fixed asset accounting

IFRS knowledge

ERP systems

Advanced Excel

Analytical skills

Communication skills

Education

Bachelor's degree in accounting/finance or related field

Tools

ERP systems

Excel

Job description

We begin with dreams. Dreams drive our motivation. Dreams are our future. The world's dreams, people's dreams, our dreams. Our passion creates ideas that make dreams come alive. Technology and products that were only dreams become reality. All for dreams. Dreams challenge and the Nidec‑Group will continue to meet the challenge. For the world's and people's tomorrows; the world's first, the world's best technologies and products; we will continue our part in creating a better society.

Job Summary

Nidec is the world's No. 1 comprehensive motor manufacturer handling "everything that spins and moves", miniature to gigantic. Nidec is a global enterprise comprised of over 300 subsidiaries/affiliates. We are a leading manufacturer of commercial motors, industrial motors, appliance motors, and controls. Our product line features a full line of high efficiency motors for industrial applications in water treatment, mining, oil and gas, and power generation, and for commercial applications such as pool and spa, condensers, cooling towers and large refrigeration units. From keeping us comfortable in our homes to pumping clean water to making our cars more safe, electric motors are an indispensable part of our daily lives. At Nidec, our employees are on the forefront of developing new motor technologies. As we move deeper into the age of robotics, the impact of motors will only increase. With over 140,000 employees stationed worldwide, Nidec continues to be a unique organization, and each location maintains its individual personality. Whether driving locomotives, powering offshore platforms or keeping the lights on after a storm, Nidec electric power generation products impact the world on a daily basis. With over 1,000 employees in the Americas, we are moving forward with technology to solve our customers' electrical power needs for both prime and backup generation needs as the industry's leading manufacturer.

Job Description

Shift: 1st Shift. Days of Work: Monday - Friday. Work Hours: 8:00am to 5:00pm. Work Location: On-Site (Mankato, MN). Starting Salary: $72,600 - $108,900. Pay Frequency: Bi-Weekly.

At Nidec, we prioritize our team's well-being and success. Our comprehensive benefits package is designed to support you both personally and professionally. These are the great benefits we offer, with additional perks and programs available to enhance your overall experience with us.

• Competitive Compensation: Attractive salary with additional bonus opportunities.
• Health and Wellness: Comprehensive medical, dental, and vision coverage, effective from your first day.
• Retirement Savings: 401(k) plan with a best in-class company match of 100% on the employee's first 6% with an additional 3% employer contribution to support your financial future.
• Work-Life Balance: Generous time off package, including PTO and holidays.
• Education Assistance: Tuition reimbursement and continuous learning opportunities to support your professional growth.

Position Objective: The accounts payable and Fixed Asset Accountant is responsible for the accurate, timely processing of accounts payable transactions and the complete accounting, tracking, and reporting of fixed assets throughout their lifecycle. The role manages invoice processing, payment runs, vendor wire and ACH activities, and confidential invoices, while overseeing asset acquisitions, transfers, capitalization, depreciation, disposals, impairments, reconciliations, physical inventories, and capital expenditure monitoring. This position ensures compliance with NIAP, IFRS, internal policies, and internal controls; supports audit, tax and regulatory requirements; and partners with Operations, Engineering, and Finance to strengthen financial accuracy, asset stewardship, and process improvement.

Essential Duties/Responsibilities

• Maintain fixed asset records and the fixed asset subledger
• Record asset acquisitions, transfers, disposals, and impairments
• Manage construction-in-progress (CIP) projects and capitalization activities
• Calculate and record monthly depreciation and amortization
• Reconcile fixed asset accounts to the ledger
• Perform physical asset inventories and investigate discrepancies
• Monitor capital expenditures against approved budgets
• Evaluate assets for impairment, obsolescence, and retirement opportunities
• Prepare supporting documentation for audits, property tax filings, and regulatory reporting
• Parter with Operations, Engineering and Finance to ensure accurate asset tracking and reporting
• Support process improvements, policy compliance, and internal control initiatives
• Perform ad hoc analysis and special projects as assigned
• Enter accounts payable invoices into Oracle, as needed
• Process confidential accounts payable invoices that are not routed through DataServ
• Ensure accounts payable payment runs are completed accurately and on schedule
• Manage vendor wire payments
• Manage vendor enrollment in ACH payments

Experience/Skills

• 3+ years of accounting experience, preferably in fixed assets or manufacturing
• Knowledge of IFRS, and fixed asset accounting principles
• Experience with ERP systems and advanced Excel skills
• Strong analytical, organizational, and communication skills

Education

Bachelor’s degree in accounting, finance, or related field MUST BE A SOLE US CITIZEN

Additional Job Details

Nidec Power | Careers Equal Employment Opportunity and Aff... Nidec is an Equal Employment Opportunity (EEO) and affirmativ we encouraging diversity in the workplace.

All qualified applicants receive consideration for employment without regard to their age, gender, gender identity, sexual orientation, race, color, genetic information, religious creed, national origin, physical or mental disability, protected veteran status, or any other characteristic protected by law.

For more information regarding your (EEO) rights as an applicant, please visit the following website: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf

Work Shift Schedule

First Shift (United States of America)

Nidec has worked its way up to become the world's No.1 manufacturer of small precision motors. In the process, Nidec has gradually expanded its product lineup to include a variety of small to large motors, application products for machinery, and electronic and optical components. At present, its products are used in a wide range of fields and devices including information and telecommunications equipment, office equipment, home appliances, automobiles, industrial equipment, and environmental energy. "For Everything that Spins and Moves", the Group is creating next-generation drive technologies to meet the needs of the society.