Fixed Assets Accountant

Foxconn Industrial Internet - FII; Houston (TX); On-site; USD 85,000 - 110,000; Full time

Job summary

Foxconn Industrial Internet - FII is seeking a Fixed Assets Accountant to manage the full lifecycle of fixed assets, from capitalization to depreciation, ensuring US GAAP compliance and strong internal controls. The role collaborates with Engineering, Operations, Facilities, Project Management, Tax, IT, and Corporate Accounting to deliver accurate financial reporting.

Responsibilities include asset tracking in SAP, processing capitalizations, maintaining documentation, and supporting audits.

Qualifications

• Bachelor's degree in Accounting or Finance (required).
• 3–5+ years accounting experience, preferably fixed assets.
• Experience with SAP Fixed Assets module.
• Manufacturing industry experience preferred.
• CPA or CPA candidate preferred.

Responsibilities

• Review invoices and determine capitalization vs. expense per policy and US GAAP.
• Create and maintain fixed asset master records in SAP.
• Process fixed asset additions, transfers, retirements, disposals, write-offs, and intercompany transfers.
• Maintain complete supporting documentation for capitalization transactions.
• Monitor CIP projects and capital prepayments, ensure capitalization when assets are placed in service.
• Coordinate with Engineering, Facilities, Operations, and Project Management to verify completion.
• Execute monthly depreciation runs and validate postings.
• Reconcile Fixed Asset subledger to General Ledger and resolve discrepancies.
• Prepare monthly fixed asset roll-forward schedules.
• Support audit requests and government incentive audits.

Skills

US GAAP

Fixed asset accounting

Depreciation

Excel

SAP

Internal controls

Cross-functional communication

Analytical skills

Reconciliation

Attention to detail

Education

Bachelor's degree in Accounting/Finance

CPA or CPA candidate preferred

Tools

SAP Fixed Assets

SAP ERP

Job description

Job Title: Fixed Assets Accountant

Position Summary

The Fixed Assets Accountant is responsible for managing the full lifecycle of the Company's fixed assets, including capitalization, depreciation, reconciliations, physical asset management, lease accounting, tax support, and audit compliance. This position works closely with Engineering, Operations, Facilities, Project Management, Tax, IT, and Corporate Accounting to ensure accurate financial reporting, compliance with US GAAP, and effective internal controls.

Essential Duties and Responsibilities

• Review invoices and supporting documentation to determine proper accounting treatment (capitalize vs. expense) in accordance with Company policy and US GAAP.
• Create and maintain fixed asset master records in SAP, including asset class, depreciation key, useful life, and cost center assignments.
• Process fixed asset additions, transfers, retirements, disposals, write-offs, and intercompany asset transfers.
• Maintain complete supporting documentation for all capitalization transactions.
• Print and issue fixed asset labels for newly capitalized assets when required.
• Monitor Construction-in-Progress (CIP) projects and capital prepayments.
• Follow up with project owners to determine project status and ensure timely capitalization when assets are placed into service.
• Coordinate with Engineering, Facilities, Operations, and Project Management teams to verify project completion.
• Execute monthly depreciation runs and validate depreciation postings.
• Reconcile the Fixed Asset subledger to the General Ledger.
• Investigate and resolve reconciliation discrepancies.
• Review depreciation reports for accuracy and consistency.
• Verify leasehold improvement depreciation periods align with lease terms.
• Prepare monthly fixed asset roll-forward schedules.
• Support internal and external audit requests by providing documentation and explanations.
• Support government incentive audits, including capital investment grant programs.
• Coordinate asset transfers between manufacturing sites.
• Support corporate reporting requests related to capital expenditures and fixed assets.
• Participate in Fixed Asset management platform enhancements, upgrades, testing, and implementation.
• Partner with IT to develop automated fixed asset management solutions.

Qualifications

Education

• Bachelor's degree in Accounting, Finance, or a related field required.
• CPA or CPA candidate preferred.

Experience

• 3–5+ years of accounting experience, preferably in fixed assets or general accounting.
• Manufacturing industry experience preferred.
• Experience with SAP Fixed Assets module strongly preferred.
• Experience supporting audits and tax reporting.

Knowledge & Skills

• Strong knowledge of US GAAP, fixed asset accounting, and depreciation.
• Understanding of capitalization policies and internal controls.
• Experience with SAP ERP systems.
• Advanced Microsoft Excel skills.
• Strong analytical and reconciliation skills.
• Excellent organizational and time management abilities.
• Ability to communicate effectively with cross-functional teams.
• Detail-oriented with the ability to manage multiple priorities in a fast-paced environment.