Senior Accountant - Fixed Assets

Tiffany & Co. • Hanover Township, NJ

15h • $92,000 - $110,000 • Onsite

About The Position

The Senior Accountant - Fixed Assets is responsible for managing the financial
aspects of capital expenditures, ensuring accurate recording of transactions and
compliance with IAS16 and LVMH Group accounting policies. This position will
also serve as the subject matter expert in fixed asset accounting and related
internal controls, with direct responsibilities of ensuring the accuracy and
integrity of the Companies' fixed asset records for US and Canadian operations
and indirect responsibilities of support the international markets. The Senior
Accountant – Fixed Assets will lead the month-end and year-end processes for
fixed assets, which include analyzing and providing insightful commentary for
Balance Sheet and Profit & Loss fluctuations, assessing cash flow statement
impacts and preparing all required audit schedules. They will also participate
in departmental and company-wide projects and initiatives. This position
requires a strong command of technical accounting principles, with the ability
to analyze guidance and draft accounting positions. Additionally, this position
requires a dynamic and collaborative individual with sharp analytical and
decision-making skills, capable of cultivating effective partnerships with our
global finance community.

Requirements

• Bachelors of Science degree in Accounting
• 4+ years of public and/or private accounting or related experience
• Experience with IAS 16 Property, Plant and Equipment
• Excellent oral, written, listening and analytical skills
• Strong organizational and time management skills
• Must be fluent in Excel and should have strong PC skills
• Must be willing to work flexible hours during monthly, quarterly and year-end closings, as well as for special assignments when requested

Nice To Haves

• Certified Public Accountant and/or Big 4 experience
• Experience in financial systems such as JD Edwards and Hyperion Financial Management
• Experience in managing fixed assets and/or fixed asset depreciation calculations
• Experience in Retail

Responsibilities

• Manage the capitalization and movement of fixed assets, which includes accounting for additions, transfers, splits, disposals, accelerations and impairments, while ensuring compliance with company policies and relevant accounting standards.
• Maintain the fixed asset subledger to accurately record asset costs, accumulated depreciation, depreciation expense, depreciation start dates and useful lives.
• Execute monthly depreciation calculations and postings.
• Review internal software costs and cloud computing arrangements under applicable accounting guidance to determine appropriate accounting treatment.
• Calculate capital expenditure accruals for work performed but not yet billed.
• Collaborate with North America Finance, Global Store Development, IT and other business partners to track Construction in Progress (or “CIP”) listings and project go-live dates.
• Conduct thorough and timely account reconciliations for all assigned areas, proactively identifying, investigating, and resolving any discrepancies to maintain data integrity. This includes reconciling the fixed asset subledger to the general ledger.
• Prepare and analyze fixed asset roll-forwards and reconciliations to the capital projects database, providing clear explanations for variances.
• Partner with the FP&A team to review the annual capital plan and unplanned capital projects to ensure compliance with Tiffany and LVMH accounting policies.
• Support the tax team in their procedures by providing necessary documentation.
• Serve as the primary global point of contact for international Finance teams, offering expert support, guidance and timely resolution for all fixed-asset related inquiries.
• Maintain robust standard operating procedure documentation, establishing the “core model” for markets onboarding the JDE E1 ledger.
• Serve as a key member of the project team responsible for onboarding new markets on JDE E1, which involves reviewing system set-up, leading training, participating in testing and supporting go-live and hyper care activities.
• Analyze Balance Sheet and P&L variations, which include the preparation of commentary for the US and Canada fluctuations, as well as the review of international variations commentary.
• Prepare a consolidated Balance Sheet slide used in a Financial Review booked with upper management, which includes analysis quarter over quarter of spend by asset class.
• Prepare fixed asset roll forward for the US and Canada and review fixed asset roll forwards for all markets and entry into SyRUS during quarters and hard closes.
• Responsible for the submission of taxonomy reporting to LVMH group.
• Support internal and external auditors on requests relating to PP&E.
• Partnering with technical accounting to ensure the fixed asset accounting policies and related standard operating procedures are up to date and executed globally.
• Supporting ongoing system upgrades, enhancements and maintenance of financial systems and supporting initiatives as the subject matter expert.
• Explore and propose solutions for using automation to reduce efforts in manual calculations.

Benefits

• Eligible Tiffany employees are offered comprehensive benefits, including global benefits like adoption and surrogacy assistance, and parental leave, as well as programs that support mental, emotional, physical, and financial well-being.
• We also offer competitive pay, medical, dental, and vision insurance, 401(k) plans with company match, paid time off, alongside other meaningful employee offerings.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees