Fixed Assets Accountant

Work at Simmons•Siloam Springs, AR

4d•Hybrid

About The Position

The purpose of this position is to identify, record, and track spending of Fixed Assets, properly reflecting them in Company financial statements in compliance with company policy. This is a Salary Exempt position. The role involves monitoring and reviewing Construction in Progress account activity, as well as activity from accounts payable, purchasing, tax, and work orders directly related to construction in progress charges. The accountant will maintain records of construction in progress on Authority For Expenditures (AFE) and collaborate with various departments to ensure accuracy. Responsibilities include assisting in capitalizing expenditures, maintaining asset activity records, and operating lease accounting. The position also requires recording fixed asset acquisitions and dispositions, compiling data for operating leases, supporting lease payment processes, and recording Fixed Assets activity to the General Ledger. Ensuring monthly agreement between fixed asset sub-ledgers and the general ledger, reconciling various accounts, and recording month-end journal entries are key duties. Additionally, the role assists in property tax assessment reporting and government surveys, ensuring proper documentation. The accountant participates as a team member, contributing to team concepts, programs, and policies, and fostering cohesiveness. Familiarity with Simmons' operating systems and a commitment to supporting them is expected. Other duties as necessary in support of business objectives may be assigned.

Requirements

3-5 years accounting or finance experience.
Previous accounting experience in Fixed Assets or Capital Spending preferred.
General knowledge and experience working with subledger applications as well as Excel is required.
Oracle and General Ledger experience preferred.
Bachelor’s Degree in Accounting, Business or related field.

Nice To Haves

Previous accounting experience in Fixed Assets or Capital Spending preferred.
Oracle and General Ledger experience preferred.
Preference for manufacturing or other capital-intensive industry.
CPA highly preferred
We value military experience and welcome veterans to join our team.

Responsibilities

Monitors and reviews Construction in Progress account activity.
Monitors and reviews activity from accounts payable, purchasing, tax and work orders directly related to construction in progress charges.
Maintains records of construction in progress on Authority For Expenditures (AFE).
Collaborates with relevant engineers, plant managers, project managers, plant accountants, maintenance managers, accounts payable clerks, and the I.S. department to ensure accuracy.
Assists in capitalizing expenditures, asset activity records and operating lease accounting.
Capitalizes expenditures from construction in progress account by recording description, value, location and other pertinent information of each item.
Records fixed asset acquisitions and dispositions in the accounting system for all capital and fixed asset transactions, including additions, transfers, write-offs and cost adjustments.
Compiles data and documentation related to operating leases, including rolling stock and major machinery and equipment leases.
Supports lease payment processes.
Records Fixed Assets activity to the General Ledger.
Ensures monthly that all fixed asset sub-ledgers accounts agree to a general ledger.
Reconciles and reviews all construction in progress related accounts, gain/loss accounts, and prepaid lease accounts.
Records acquisition, sale or retirement of assets to general ledger.
Responsible for month end journal entries for lease expense and any other journal entries necessary to ensure correct records.
Assists in property tax assessment reporting and government surveys.
Ensures the proper documents, forms, and information are included on property tax assessment reporting, various government surveys, and other reporting as directed.
Participates in the ongoing development, communication and implementation of team concepts, programs and policies; coordinates work to ensure best practices with all team members.
Attends appropriate team meetings.
Fosters strong cohesiveness regarding all major issues; e.g., direction, annual plan, budget, policy changes, etc.
Accepts responsibility to quickly identify any areas that lack cohesiveness, bringing them to the attention of the team leader and working with the team in a supportive manner to resolve issues and actively look for ways, and reinforce actions needed, to achieve synergy possible within the larger organization.
Is familiar with Simmons’ established operating systems (e.g. quality, security, office environment, company policies, LEAN); understands the responsibility to maintain familiarity with the systems and this position’s role in support of these systems - including a consideration of the impact of individual actions on the systems and the responsibility to communicate concerns and improvement ideas.
Performs other duties as necessary in support of business objectives.