UL Solutions-posted about 1 year ago
Full-time • Mid Level
Hybrid • Chicago, IL
Real Estate

The Accounting Manager for Fixed Asset Software at UL, LLC is responsible for overseeing the accounting treatment of software assets, ensuring compliance with accounting standards, and managing the asset lifecycle. This hybrid role requires collaboration with various teams, including finance, software development, and project management, to maintain accurate asset records and facilitate the capital expenditure lifecycle process. The position involves leading a team of accountants, preparing audit schedules, and ensuring GAAP compliance across domestic and foreign subsidiaries.

  • Process, approve and track fixed asset additions, transfers, and retirements globally.
  • Accountable for the monthly fixed asset accounting close process for all capitalized software assets.
  • Review and oversee timely account reconciliations, ensuring reconciling items are tracked and cleared properly.
  • Prepare monthly fixed asset roll-forwards, CAPEX spend, flux analysis, and ad-hoc reporting.
  • Develop, document, and maintain department processes and SOX controls for asset recording and maintenance.
  • Partner with finance teams on software projects and evaluate capital vs expense.
  • Conduct annual existence testing in collaboration with G/L Accounting and Software teams.
  • Prepare audit schedules and resolve issues identified by auditors.
  • Assist with due diligence of fixed asset records for new acquisitions.
  • Lead and mentor Fixed Asset Accountants, providing feedback and development planning.
  • Bachelor's degree in accounting is required.
  • CPA required.
  • Minimum of 5 years of total accounting experience.
  • Excellent US GAAP accounting knowledge, particularly ASC 350-50 and ASC 985-20.
  • Public accounting background preferred.
  • Oracle Fixed Asset and Project module experience preferred.
  • Experience in a large global company.
  • Excellent verbal and written communication skills.
  • Experience with cloud computing implementation costs.
  • Knowledge of capital expenditure life cycle processes.
  • Generous 401k matching structure of up to 5% of eligible pay.
  • Additional 4% investment into retirement savings after the first year of continuous employment.
  • Healthcare Reimbursement Accounts and Health Savings Accounts contributions twice per year.
  • Flexible working arrangements based on role and manager approval.
  • Paid time off including vacation, holiday, sick, and volunteer time off.
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