Sr. Fixed Asset Accountant

Delfos; Chicago (IL); On-site; USD 65,000 - 85,000; Full time

Job summary

A financial services company in Chicago is looking for a Sr. Fixed Asset Accountant to manage the acquisition, depreciation, and disposition of fixed assets. Responsibilities include creating controls for fixed asset records, recommending policy updates, conducting audits, and ensuring compliance with financial standards. The ideal candidate holds a Bachelor's degree in Finance, Accounting, or Economics. This role offers opportunities to work with various projects and ensure accuracy in asset management.

Responsibilities

• Create and monitor a system of controls for fixed assets.
• Recommend updates to accounting policies for fixed assets.
• Assign tag numbers to fixed assets.
• Record fixed asset acquisitions and dispositions.
• Track compilation of project costs into fixed asset accounts.
• Reconcile fixed asset subsidiary ledger with general ledger.
• Calculate depreciation for fixed assets.
• Review and update fixed asset schedules.
• Investigate potential obsolescence of fixed assets.
• Conduct impairment reviews for intangible assets.
• Conduct periodic physical counts of fixed assets.
• Prepare audit schedules related to fixed assets.
• Prepare property tax returns.
• Represent the company during government audits.
• Track company expenditures against capital budget.

Education

Bachelor's degree in Finance, Accounting, or Economics

Job description

About the job Sr. Fixed Asset Accountant

The fixed asset accountant position is accountable for recording the cost of newly-acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation, and accounting for the disposition of fixed assets.

What You'll Do:

• Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
• Recommend to management any updates to accounting policies related to fixed assets.
• Assign tag numbers to fixed assets.
• Record fixed asset acquisitions and dispositions in the accounting system.
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Calculate depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets and the accumulated depreciation.
• Investigate the potential obsolescence of fixed assets.
• Conduct periodic impairment reviews for intangible assets.
• Conduct periodic physical counts of fixed assets.
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
• Prepare property tax returns.
• Represent the company during any audits by a government that involves fixed assets.
• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.

What You'll Need:

• Bachelor's degree in Finance, Accounting, or Economics