Accountant (Fixed Assets/General)

$50,000 - $60,000/Yr

East Central University

Full-time

Educational Services

About the position

The Fixed Assets Accountant at East Central University is responsible for managing the accounting of fixed assets, including recording costs, tracking existing assets, calculating depreciation, and handling disposals. This role ensures compliance with accounting regulations and provides insights into asset management and potential obsolescence.

Responsibilities

• Record fixed assets by creating and supervising a system of procedures, forms, and controls.
• Recommend any updates to accounting policies affecting fixed assets to management.
• Allocate tag numbers to fixed assets to effectively track them from time to time.
• Record in the accounting system newly acquired fixed assets and those disposed.
• Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects.
• Perform reconciliation of fixed asset subsidiary ledger balance with summary-level account in the general ledger.
• Perform depreciation calculation for all fixed assets.
• Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets.
• Perform asset retirement obligation calculations for ARO applicable assets.
• Find out fixed assets' obsolescence potential.
• Carry out periodic reviews on intangible assets' impairment.
• Carry out inventory counts of fixed assets physically.
• Recommend fixed assets that should be disposed of to management.
• As may be requested by management, perform fixed asset related analyses.
• Create fixed asset related audit schedules, and collaborate with auditors on their assignments.
• Perform property tax returns report.
• Serve as university representative at any audits relating to fixed assets facilitated by a government agency.
• Track University's fixed asset spending in relation to its capital budget, as well as management authorizations.
• Other accounting duties such as posting journal entries and performing reconciliations.

Requirements

• Bachelor's degree in Accounting or related discipline.
• In-depth knowledge about accounting regulations and procedures including GAAP.
• Advanced skill in MS Excel including pivot tables.
• Expert handling general ledger function.
• Strong ability to apply several accounting and reporting systems.
• Strong attention to details with great analytical skills.
• Awareness of business trend and expert create a financial statement.
• Expert managing general ledger function and month-end close process.
• Accuracy, aptitude for numbers and aptitude skills.
• Knowledge about reporting standard and experience in researching accounting issues.
• Knowledge of the budget preparation process and procedures.
• Excellent business writing and data analytical skills.
• Sound understanding of accounting procedures and practice.
• Ability to work accurately, methodically and to meet deadlines.
• Excellent interpersonal relationships and promote process improvement.
• Demonstrated mature sense of judgment.
• Competence in the use of standard Microsoft software (Word, Excel, Access, and PowerPoint).
• Familiarity with ERP systems, such as Ellucian Colleague or Banner.