Staff Accountant (Fixed Assets & Inventory)

Transcat, Inc. • City of Rochester, NY

1d • Onsite

About The Position

The Staff Accountant – Fixed Assets & Inventory assists in ensuring the accuracy, integrity, and SOX compliance of the Company’s fixed asset, rentals, and inventory accounting processes. This position is responsible for timely transaction processing, balance sheet account reconciliations, and execution and documentation of SOX controls. This role will also be involved in year end, statutory and tax compliance work.

Requirements

• Comfortable operating in a high-scrutiny SOX environment
• Ownership mindset over assigned tasks
• Proactive in resolving issues and escalating questions when needed
• Highly organized, detail-oriented, and control-focused
• Confident communicator with management, auditors, and cross-functional partners
• Bachelor’s degree in accounting (CPA preferred)
• 1-3 years of experience, preferably experience in Big 4 audit and/or with Fixed Assets
• Exposure to SOX-heavy public company environments (preferred)
• Understanding of US GAAP and SOX 404 compliance
• Experience executing and supporting audits
• ERP experience (AS400, SAP, Oracle, NetSuite, Workday, or similar)
• Fixed Asset Software experience a plus
• Advanced Excel skills; analytics or BI tools a plus

Nice To Haves

• CPA preferred
• Fixed Asset Software experience a plus
• analytics or BI tools a plus

Responsibilities

• Execute asset and inventory accounting processes in accordance with US GAAP and company policies
• Assist with maintaining fixed asset subledger including capitalization, depreciation, impairments, transfers, and disposals
• Ensure appropriate asset classification and capitalization thresholds through cross-functional partnership
• Perform monthly subledger-to-GL reconciliations
• Analyze and explain period-over-period variances and estimates
• Prepare fixed asset roll forward to support cash flow reporting
• Perform the monthly useful life review ensuring new fixed assets are entered into Sage in accordance with US GAAP and company policies
• Maintain tax ledgers for fixed assets
• Support tracking of capital expenditures and help organize documentation for asset capitalization
• Compile invoices, purchase support, and project documentation to ensure completeness for accounting treatment
• Help monitor inventory adjustments, reserve activity, and other account fluctuations for follow-up
• Maintain organized files and schedules to support accurate subledger activity and reporting
• Partner with Finance, Operations, and business leaders to support Capex request reviews, approvals, and financial justification
• Track approved Capex projects against budget, timing, and spend; investigate and resolve budget to actual variances, escalate to management as needed
• Maintain Capex schedules and reporting to support 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
• Prepare support for internal control activities and retain documentation in an organized, audit-ready manner
• Assist with audit requests by gathering invoices, reconciliations, schedules, and other supporting documents
• Maintain process narratives, risk and control matrices, and desktop procedures
• Follow established accounting policies, procedures, and approval requirements
• Escalate unusual transactions, control issues, or unsupported balances to the Senior Accountant
• Prepare journal entries, account reconciliations, and supporting schedules for month-end close
• Research reconciling items and assist in resolving variances on a timely basis
• Assist the Senior Accountant with balance sheet account analysis and documentation
• Assist in other areas of the accounting close as needed
• Participate in continuous improvement of accounting processes and internal controls
• Support ERP implementations or control automation initiatives
• Apply a strong risk-based mindset to accounting activities
• Model the Company’s values to influence others to perform in an aligned manner.
• Other duties as assigned

Benefits

• paid time off
• health insurance
• tuition reimbursement
• retirement
• stock purchase plan

What This Job Offers

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