Sr. Accountant (Fixed Assets & Inventory)

Transcat • Rochester, NY

1d

About The Position

The Senior Accountant – Fixed Assets & Inventory plays a critical role in ensuring the accuracy, integrity, and SOX compliance of the Company’s fixed asset, rentals, and inventory accounting processes. This position owns key balance sheet areas, executes and documents SOX controls, and serves as a primary audit contact. The role is suited to a Big 4–trained professional with strong technical accounting, internal controls, and public company experience.

The position owns fixed asset and inventory accounting, capital expenditure oversight, related SOX controls, and accounting close and audit support. It also contributes to process improvements, ERP implementations or control automation, and provides guidance and informal mentorship to staff accountants. Other duties may be assigned.

Requirements

• Bachelor’s degree in Accounting.
• 4–7 years of experience, including Big 4 audit experience.
• Strong exposure to SOX-heavy public company environments.
• Deep understanding of US GAAP and SOX 404 compliance.
• Experience owning controls and supporting audits.
• Big 4 training with a strong audit and controls foundation.
• Advanced Excel skills.
• Comfort operating in a high-scrutiny SOX environment.
• Ownership mindset over complex balance sheet areas.
• Highly organized, detail-oriented, and control-focused.
• Confident communication with auditors and cross-functional partners.
• ERP experience with AS400, SAP, Oracle, NetSuite, Workday, or similar.

Nice To Haves

• CPA preferred.
• Analytics or business intelligence tools experience.
• Fixed asset software experience.

Responsibilities

• Own fixed asset and inventory accounting processes in accordance with US GAAP and company policies.
• Maintain the fixed asset subledger, including capitalization, depreciation, impairments, transfers, and disposals.
• Ensure appropriate asset classification and capitalization thresholds through cross-functional partnership.
• Oversee inventory valuation, reserves, and obsolescence.
• Perform monthly subledger-to-general-ledger reconciliations.
• Analyze and explain period-over-period variances and estimates.
• Prepare fixed asset roll-forwards to support cash flow reporting.
• Perform monthly useful-life reviews and ensure new fixed assets are entered into Sage in accordance with US GAAP and company policies.
• Maintain tax ledgers for fixed assets.
• Oversee accounting for capital expenditure activities and ensure compliance with capitalization policies and approval thresholds.
• Partner with Finance, Operations, and business leaders on CapEx request reviews, approvals, and financial justification.
• Track approved CapEx projects against budget, timing, and spend; investigate and resolve budget-to-actual variances.
• Maintain CapEx schedules and reporting for management review and forecasting.
• Ensure CapEx activity is accurately reflected in fixed asset records and financial reporting.
• Support post-implementation reviews, including ROI analysis and comparison of actual results to approved business cases.
• Identify risks related to CapEx controls, approvals, or reporting and recommend enhancements.
• Provide audit-ready documentation supporting CapEx approvals, capitalization decisions, and ROI assessments.
• Challenge assumptions in CapEx business cases and ensure consistent application of ROI methodologies.
• Execute, document, and self-assess SOX controls related to fixed assets and inventory.
• Prepare and retain audit-quality control evidence; maintain process narratives, risk and control matrices, and desktop procedures.
• Serve as a primary liaison for Internal Audit and External Audit.
• Identify control deficiencies and support remediation plans.
• Support quarterly SOX certifications and management representations.
• Prepare and review journal entries related to fixed assets and inventory.
• Support month-end, quarter-end, and year-end close in a SOX-compliant environment.
• Prepare audit schedules and technical accounting support; respond to auditor PBC requests with clear documentation.
• Assist in other areas of the accounting close as needed, including TMS and leases.
• Drive continuous improvement of accounting processes and internal controls.
• Support ERP implementations or control automation initiatives.
• Apply a strong risk-based mindset to accounting activities.
• Provide guidance and informal mentorship to staff accountants.
• Model the Company’s values to influence others to perform in an aligned manner.
• Perform other duties as assigned.

Benefits

• Paid time off
• Health insurance
• Tuition reimbursement
• Retirement benefits
• Stock purchase plan
• Training and development to accelerate learning and career advancement
• Competitive compensation and benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Senior