Fixed Assets Accountant

East Central University•Ada, OK

1d•Onsite

About The Position

The objective of the Fixed Assets Accountant is to record the cost of newly added fixed assets, track existing ones (tangible and/or intangible), calculate and record their depreciation, and account for disposed fixed assets. This role involves calculating and recording depreciation of the University's assets and investigating potential obsolescence, including items such as heavy equipment, real estate, and furniture.

Requirements

Bachelor's degree in Business Administration
1-3 years of experience
Advanced knowledge of accounting principles and grant management
Experience with financial reporting and analysis
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 updates to accounting policies affecting fixed assets to management.
Allocate tag numbers to fixed assets for effective tracking.
Record newly acquired and disposed fixed assets in the accounting system.
Track, compile, and record project costs in fixed asset accounts, closing accounts upon project completion.
Perform reconciliation of the fixed asset subsidiary ledger balance with summary-level accounts in the general ledger.
Calculate depreciation for all fixed assets.
Revise and update the detailed schedule of accumulated depreciation and fixed assets.
Perform asset retirement obligation calculations for applicable assets.
Identify potential obsolescence of fixed assets.
Conduct periodic reviews of intangible asset impairment.
Perform physical inventory counts of fixed assets.
Recommend fixed assets for disposal to management.
Perform fixed asset related analyses as requested by management.
Create fixed asset related audit schedules and collaborate with auditors.
Prepare property tax returns.
Serve as the university representative at government agency audits related to fixed assets.
Other duties as assigned by Supervisor or designee.