Fixed Asset Officer

$89,315 - $113,214/Yr

King County - Seattle, WA

Part-time

Seattle, WA

Executive, Legislative, and Other General Government Support

About the position

Metro Transit's Finance and Administration Division is seeking a highly organized and customer-focused Fixed Asset Officer to join our team in a career service position. This role is critical to the Finance and Administration team and will also support several other divisions within Metro Transit. Metro Transit operates with a biennial budget exceeding $2 billion for operations and approximately $300 million for capital projects, managing current assets with a net book value of over $1.2 billion, making it the largest fund in King County government. As the Fixed Asset Officer, you will collaborate closely with the Finance and Administrative team and King County Central Finance, acting as the primary contact for agency staff to coordinate and oversee the fixed asset capitalization process. Under the guidance of the Manager of Accounting, Grants, and Contracting, you will lead initiatives in asset identification, classification, documentation, and cost determination in accordance with County policies, Metro policies, and Generally Accepted Accounting Principles (GAAP). This position also involves managing the development of Metro's asset capitalization policies and procedures and working with the team responsible for Metro's new Enterprise Asset Management system to ensure accurate asset descriptions and reconciliation with the King County Fixed Asset system. The role requires extensive collaboration with Project Managers, Business and Finance Officers, Project Control Officers, and other staff across Metro Transit divisions. Ideal candidates will possess both technical expertise and strong collaborative skills, demonstrating the ability to work independently and effectively with internal County and Metro partners. A commitment to applying equity and social justice principles in all aspects of work is essential, as these principles are foundational expectations for all King County employees.

Responsibilities

• Manage the capitalization process for Metro fixed assets, ensuring timely and accurate capitalization processes.
• Work with Project Managers, Project Control Officers, and Accounting staff to identify capitalizable costs and project costs that should be expensed or written off.
• Ensure sufficient supporting documentation is developed to support capitalization for identified assets.
• Act as the main point of contact for agency personnel regarding asset capitalization issues.
• Work with Metro's Enterprise Asset Management team to reconcile asset information between Metro's fixed asset management system and the King County fixed asset system.
• Manage Metro asset update and asset retirement processes in the County fixed asset system and coordinate adjustments with Metro's Enterprise Asset Management team.
• Manage Metro's annual physical inventory process, coordinating with division's asset custodians to ensure accuracy and timely filing of reports.
• Support the development of audit responses and provide asset information as needed.
• Develop written policies and procedures pertaining to asset capitalization as needed.
• Perform other duties as assigned.

Requirements

• Minimum of three (3) years of experience in fixed assets accounting or financial management related to asset capitalization, or a combination of work experience, training, and/or education that provides the required knowledge, skills, and abilities.
• Strong working knowledge of asset capitalization rules and processes, including accounting principles applied to asset capitalization.
• Demonstrated experience using automated accounting, financial management, and financial reporting systems.
• Proficiency in Microsoft Office suite (Word, Excel, Outlook, PowerPoint).
• Strong communication, interpersonal, writing, and customer service skills.
• Ability to perform research, analyze, and solve problems.
• Ability to work individually and collaboratively as a team member.
• Ability to manage time effectively, adapt to changing priorities, and produce timely and quality work products.

Nice-to-haves

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• Ability to devise new policies and process improvements to enhance compliance and workflows.
• Experience with LEAN processes and principles.
• Knowledge of public transportation systems and operations.