Fixed Assets Accountant

East Central University•Ada, OK

3d•Onsite

About The Position

The objective of the Fixed Assets Accountant is to record the cost of East Central University (ECU) newly added fixed assets, tracking existing ones, which can be tangible and/or intangible, calculating and recording their depreciation, as well as accounting for disposed fixed assets. The accountant will calculate and record depreciation of the University's assets and investigate their potential obsolescence, including items such as heavy equipment, real estate, and furniture.

Requirements

Bachelor's degree in Business Administration with 1-3 years of experience
Advanced knowledge of accounting principles and grant management
Experience with financial reporting and analysis
Strong organizational skills with attention to detail and accuracy in financial record keeping
Proficient in spreadsheet applications and financial management software
Demonstrated ability to audit financial transactions and identify discrepancies
Strong analytical and problem-solving skills with ability to resolve complex accounting issues
Effective communication skills to interact with various stakeholders including grant agencies
Ability to manage multiple projects and meet deadlines while maintaining accuracy
Ability to maintain confidentiality when handling sensitive financial information
Must have a strong work ethic and lead by example
Must be a professional, credible and respected representative of the institution internally and in the community
Demonstrated willingness and ability to act ethically and socially responsible
Ability to communicate in a courteous manner

Nice To Haves

Experience with enterprise resource planning (ERP) systems preferred

Responsibilities

Record fixed assets by creating and supervising a system of procedures, forms, and controls.
Recommend any updates to accounting policies affecting fixed assets to management.
Allocate tag numbers to fixed assets to effectively track them from time to time.
Record in the accounting system newly acquired fixed assets and those disposed.
Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects.
Perform reconciliation of fixed asset subsidiary ledger balance with summary-level account in the general ledger.
Perform depreciation calculation for all fixed assets.
Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets.
Perform asset retirement obligation calculations for ARO applicable assets.
Find out fixed assets obsolescence potential.
Carry out periodic reviews on intangible asset impairment.
Carry out inventory counts of fixed assets physically.
Recommend fixed assets that should be disposed of to management.
Perform fixed asset related analyses as may be requested by management.
Create fixed asset related audit schedules, and collaborate with auditors on their assignments.
Perform property tax returns report.
Serve as university representative at any audits relating to fixed assets facilitated by a government agency.
Other duties as assigned by Supervisor or designee.