Fixed Assets Accountant

US Bank; Minneapolis (MN); On-site; USD 75,000 - 110,000; Full time

Job summary

U.S. Bank is seeking a Fixed Assets Accountant to maintain the integrity of fixed asset accounting and reporting. You will oversee additions, depreciation, disposals, and reconciliations while supporting month-end close and audits.

The role requires strong GAAP knowledge, data analysis skills, and experience with Workday and Excel to deliver accurate reporting and process improvements. Collaboration across finance teams is essential.

Qualifications

• Bachelor's degree in accounting or finance or equivalent work experience.
• Typically three or more years of related experience.
• Knowledge of U.S. GAAP and fixed assets accounting, financial reporting, and reconciliations.
• Experience with month-end/quarter-end close, journal entries, and audits.
• Proficiency with ERP systems (Workday) and advanced Excel for data analysis.

Responsibilities

• Fixed assets accounting and close, including additions, capitalization, depreciation, transfers, adjustments, disposals, journal entries, and reconciliations.
• Prepare fixed asset reports, roll forwards, variance explanations, and management/external reporting support.
• Support SOX controls, maintain documentation, resolve exceptions, and provide audit evidence.
• Improve accounting systems, reports, controls, and workflows; document requirements and test changes with IT.
• Maintain procedures, narratives, job aids, and control documentation; share knowledge across the team.
• Collaborate with Corporate Accounting, Tax, Financial Systems Support, and business lines on asset lifecycle activity.

Skills

Fixed assets accounting

GAAP knowledge

Data analysis

Cross-functional collaboration

SOX controls

Education

Bachelor's degree in accounting or finance

CPA or CMA (preferred)

Tools

Workday Financials

Power BI

Excel (PivotTables/Power Query)

Power Automate

Jira or similar work-management tool

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

The Fixed Assets Accountant is responsible for maintaining the integrity, accuracy, and control of the bank's fixed asset accounting and reporting processes. This role integrates strong accounting judgment, fixed assets expertise, data analysis, and technology to support general ledger and subsidiary records, month-end and quarter-end close activities, reconciliations, financial and management reporting, and accounting, audit, and control requirements. The position leverages accounting technologies, advanced data analysis, automation, and process improvement to enhance reporting capabilities, strengthen controls, improve data quality, increase operational efficiency, and develop scalable accounting processes. This role also partners cross-functionally to identify opportunities for technology-enabled solutions and continuous improvement while ensuring fixed asset activity remains accurate, well-controlled, explainable, and audit-ready.

Key Responsibilities

• Fixed assets accounting and close: Perform and review fixed asset accounting activities, including additions, capitalization, depreciation, transfers, adjustments, disposals, journal entries, and account reconciliations.
• Reporting and analysis: Prepare and analyze fixed asset reports, roll forwards, variance explanations, and management or external reporting support. Identify trends, exceptions, and data-quality issues and recommend corrective action.,
• Controls and audit readiness: Execute and support SOX controls, maintain complete documentation, resolve exceptions promptly, and provide accurate evidence for internal and external audits.
• Systems and process improvement: Improve accounting systems, reports, controls, and workflows. Document requirements, support configuration or reporting requests, test changes, validate results and partner with technology teams through completion.
• Procedures and knowledge sharing: Maintain clear procedures, process narratives, job aids, and control documentation. Share knowledge and support consistent, scalable execution across the team.
• Business partnership: Work with Corporate Accounting, Tax, Financial Systems Support, External Reporting, and business lines on asset lifecycle activity, capitalization decisions, disposals, reporting needs, and issue resolution.

Representative Work

The position may support a broad mix of recurring and project-based activities, including:

• Month-end quality assurance, including review of journal entries, asset reclassifications, trial balances, depreciation variances, and asset setup.
• Quarter-end fixed asset reporting and support for cash flow, management, and external reporting schedules.
• Business asset EIB preparation, validation and processing for disposals, transfers, place-in-service activity, and other lifecycle events.
• Project and capital activity monitoring, exception follow-up, budget or data-quality review, and stakeholder notifications.
• Fixed asset procedure maintenance, control documentation, system testing, audit support, and process automation.

Basic Qualifications

• Bachelor's degree in accounting or finance, or equivalent work experience
• Typically three or more years of related experience

Preferred Skills and Experience

• Considerable knowledge of U.S. GAAP, fixed assets accounting, accounting controls, financial reporting, and reconciliations
• Experience with month-end and quarter-end close, journal entries, account reconciliations, variance analysis and audit support
• Ability to analyze large data sets, identify exceptions and root causes, resolve issues, and communicate clear recommendations
• Experience with Workday Financials or a similar ERP, including business asset processing, reporting, EIBs, testing or configuration support
• Advanced Microsoft Excel skills, including PivotTables and Power Query; experience with Power Pivot, VBA/macros, Power BI or Microsoft Access is beneficial
• Experience with Microsoft 365 tools, including Word, PowerPoint, Teams and approved Copilot capabilities; experience with Power Automate or other workflow automation is beneficial
• Experience documenting business requirements, acceptance criteria, and testing results in Jira or a similar work-management tool
• Strong written and verbal communication, organization, and cross-functional collaboration skills
• CPA, CMA, data analytics, process improvement, Agile/Jira or relevant technology training is a plus

Location Expectations:

This role requires work