Fixed Asset Accountant

ImageFIRST•King of Prussia, PA

10d

About The Position

Founded in 1967, ImageFIRST® is a leading healthcare services organization. Acquired by private equity firm Calera Capital in 2018 and subsequently recapitalized in 2023 through a continuation fund vehicle, ImageFIRST has undergone rapid growth in its transformation as the largest national healthcare linen rental and laundry services provider. The Company serves over 25,000 outpatient and hospital customers through a nationwide network comprising 85 sites and 650 delivery routes. The leaders in infection prevention, ImageFIRST, prides itself on improving both staff and patient experiences through a premium product offering and white-glove service model. Check out our company page: https://www.imagefirst.com/company/ We are seeking an experienced Fixed Assets Accountant to join our Accounting team in King of Prussia, PA. The Fixed Asset Accountant reports to the Director of Corporate Accounting. The Fixed Asset Accountant is a key role in the organization and works closely with the engineering and IT teams to properly account for and track fixed assets and capital expenditures projects (CAPEX). The position also collaborates with accounts payable, field locations, corporate accounting, forecasting, planning, and analysis teams to manage and account for fixed assets and ASC 842 lease accounting, ensuring compliance with US GAAP and company policies.

Requirements

Bachelor’s degree in accounting required
Minimum of 5+ years of experience in fixed assets & ASC 842 lease accounting required
Thorough understanding and application of ASC 842 accounting for leases
Experience with LeaseHarbor software or similar software is required
Proficient in US Generally Accepted Accounting Principles (US GAAP)
Proficient in Microsoft Office and advanced skills in Microsoft Excel, including VLOOKUPS, SUMIFS, and Pivot tables.
Excellent written and verbal communication skills, including the ability to effectively communicate details of financial information
Goal-oriented to flourish in a fast-paced environment with changing priorities
Ability to work independently and with a team, including various levels of management
Detail-oriented, professional attitude, take pride in accuracy of work, and be reliable
Demonstrate strong organizational, analytical, and problem-solving skills

Nice To Haves

Proficiency in Oracle is a plus

Responsibilities

Manage the lifecycle of fixed assets from acquisition to disposal
Maintain the fixed asset ledger by location in Oracle, including additions, retirements and depreciation
Monitor purchase orders in Oracle and match invoices submitted to the proper project
Ensuring accurate capex and depreciation expense calculations by US GAAP and company policies
Ensuring the accuracy of fixed asset subledgers and their reconciliation with the general ledger
Work closely with the engineering and IT teams to properly record fixed assets in a timely and accurate way when they are brought into service
Develop and maintain reporting to track actual, committed, and future costs for all capex projects
Proficient in the project management (PMO) process and procedures to manage projects effectively within the organization, including project initiation, planning, execution, monitoring, and closure, ensuring consistency and efficiency across all projects
Manage and report financial transactions related to leases, ensuring compliance with accounting standards, and providing accurate financial reporting
Analyze lease agreements, track payments, prepare journal entries, and reconcile accounts
Proficient with lease remeasurements and journal entry resets for applicable leases in accordance with ASC 842
Provide necessary documentation and analysis to support external annual audits of fixed assets and ASC 842 Lease Accounting
Draft fixed asset and ASC 842 footnote disclosures for the year-end audit
Track and analyze capital expenditures for budgeting and forecasting for financial planning
Prepare and record journal entries, prepare balance sheet reconciliations, analyze information for fixed assets, capex and ASC 842, and other special projects as assigned
Prepare relevant capex and ASC 842 board slides, quarterly analysis, and ad hoc analysis
Manage regular meetings with the engineering and IT teams to obtain the proper information needed to perform the responsibilities of this position
Provide relevant information to the tax consultant for proper tax reporting
Generate monthly financial reports and reconciliations accurately and timely manner
Work with engineering to close out projects upon completion and identify asset(s) and their associated costs to be transferred from CIP (Construction-In-Process) to Fixed Assets
Identify and calculate the value of assets with the assistance of engineering for acquisitions
Month-end procedures and reporting requirements related to fixed assets and capitalized costs, including the generation of reports and the preparation and posting of journal entries
Ad hoc reporting and analysis as required