Capital Accounting Manager

CyrusOne Management Services • Dallas, TX

3d

About The Position

The Capital Accounting Manager leads the Company’s capital accounting function, overseeing accounting activities related to construction in progress (CIP), fixed assets, capital expenditures, equipment inventory, purchase order accruals, capital project accounting, and other capital-related tasks. The role ensures accurate reporting of capital spend, maintains effective internal controls, and drives process improvements across capital accounting operations.

The position supports construction and development projects by overseeing month-end close, financial analysis, reconciliations, and capital-related reporting. It works closely with Accounting leadership, Procurement, Logistics, Construction Project Management, FP&A, Accounts Payable, and IT to resolve complex issues, improve systems and processes, and ensure capital activity is recorded accurately and efficiently. The manager also provides guidance and development support to accounting team members.

Requirements

• At least 5–7 years of progressive accounting experience.
• Prior experience leading accounting processes, reviewing work, or managing projects and cross-functional initiatives.
• Strong knowledge of U.S. GAAP, fixed asset accounting, construction in progress, capital expenditures, accruals, and financial reporting.
• Advanced Excel skills and experience analyzing complex financial data; experience with reporting tools is required.
• Demonstrated ability to improve accounting processes, strengthen internal controls, and manage system or data-related initiatives.
• Excellent analytical, problem-solving, decision-making, and organizational skills.
• Strong communication, interpersonal, and stakeholder management skills, with the ability to work effectively across departments.
• Ability to manage multiple priorities, exercise sound judgment, and deliver results in a fast-paced and dynamic environment.
• Bachelor’s degree in accounting, finance, or a related field required.

Nice To Haves

• Experience in capital accounting, fixed assets, construction accounting, or a related field.
• Yardi or comparable system experience.
• CPA.

Responsibilities

• Oversee month-end and quarter-end close activities for capital expenditures, construction in progress, fixed assets, equipment inventory, and project accounting.
• Review and oversee journal entries, accruals, account reconciliations, and supporting schedules to support accurate and timely financial reporting.
• Manage capital accounting analysis and reporting, including quarter-over-quarter flux explanations, capital expenditure trends, and significant balance sheet movements for senior management.
• Oversee purchase order and contract reviews, open PO accruals, goods and invoice receipt accruals, and related processes to ensure capital costs are recorded in the appropriate period.
• Oversee accounting for equipment inventory transfers, capital cost allocations, prepayments, deposits, retention, and related budget transfers between inventory locations and construction projects.
• Ensure capital project and job setup activities, budget revisions, and supporting documentation comply with established accounting policies, approval requirements, and internal controls.
• Partner with Construction Project Management, Procurement, Logistics, FP&A, Accounts Payable, and other stakeholders to resolve accounting issues, assess project accruals, and improve capital-related workflows.
• Lead initiatives to improve capital accounting processes, standardize procedures, automate reporting, and increase efficiency across the close and reconciliation process.
• Oversee the integrity of capital accounting data and financial systems, including system enhancements, data validation, and coordination with IT on reporting or system issues.
• Maintain effective internal controls and ensure compliance with U.S. GAAP, company policies, and applicable regulatory requirements.
• Coordinate internal and external audit support for capital accounting activities and ensure timely delivery of accurate documentation and explanations.
• Provide guidance, review, and development support to accounting team members and promote clear accountability across capital accounting processes.
• Lead or support special projects and other initiatives as assigned.

Benefits

• Comprehensive health, dental, and vision insurance plans.
• Life and disability insurance.
• Access to mental health resources and an employee assistance program.
• Competitive pay and performance bonus.
• 401(k) retirement plan with company match.
• Generous paid time off and holidays.
• Parental leave.
• Building amenities including a fully equipped gym, golf simulator, and free parking.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager