Manager Fixed Asset & Lease Accounting

FLEETCOR - Brentwood, TN

Full-time - Manager

Remote - Brentwood, TN

Personal and Laundry Services

About the position

The Corpay is currently seeking a Manager for Shared Services Financial Accounting in Brentwood, TN. This position may offer a hybrid/remote work environment. The responsibilities include managing both Fixed Assets Accounting and General Ledger Reconciliations in a Shared Services environment. This includes tangible and intangible fixed assets accounting, ensuring compliance with US GAAP, and providing accurate financial reporting. The position also requires ensuring adherence to guidelines for maintenance, retention, and disposition of fixed assets and associated records. Additionally, comprehensive oversight of lease and financial accounting and reporting following US GAAP, as well as handling tax, compliance, and audit queries. As a Manager for Fixed Asset & Lease Accounting, Corpay will set you up for success by providing the following: assigned workspace in Brentwood, TN with hybrid/remote capabilities, if applicable, and company-issued equipment. The role encompasses various responsibilities, including managing the Fixed Asset Ledger, calculating and recording depreciation, preparing financial reports and analyses, assisting in financial statements preparation, conducting reviews and audits, performing monthly reconciliations, coordinating asset tracking, ensuring compliance with internal controls, and supporting audits. In terms of lease management, the role involves maintaining the completeness and accuracy of leases, ensuring timely entry of new, modified, or terminated leases, preparing right of use asset and lease liability roll forwards, generating lease disclosure reports, and reconciling lease expenses. The manager will also oversee general ledger reconciliations, ensuring timely completion and support for balance sheet reconciliations, and will take ownership of the Blackline reconciliation software. Team management and development are crucial aspects of this role, where the manager will provide clear direction and expectations, mentor team members, and foster a positive culture. Continuous improvement and risk management are also key responsibilities, ensuring robust business continuity plans and engaging with stakeholders to prioritize improvement initiatives. The manager will also be tasked with protecting financial assets and ensuring compliance with financial regulations and GAAP, alongside undertaking ad hoc tasks focused on process and system improvement.

Responsibilities

• Manage Fixed Asset Ledger: Ensure accurate recording and depreciation in compliance with GAAP.
• Calculate and Record Depreciation: Record depreciation expenses for fixed assets in accordance with applicable accounting standards and company policies, ensuring accuracy and compliance.
• Prepare Financial Reports and Analyses: Generate detailed financial reports and analyses related to fixed assets.
• Assist in Financial Statements Preparation: Assist in preparing financial statements and reports related to fixed assets, providing accurate and timely information to support decision-making processes.
• Conduct Reviews and Audits: Conduct regular reviews and audits of fixed assets for accuracy and completeness.
• Monthly Reconciliations: Perform monthly reconciliations of fixed asset sub-ledgers to the general ledger, investigating and resolving any discrepancies in a timely manner.
• Coordinate Asset Tracking: Coordinate with departments to track asset acquisitions, transfers, and dispositions.
• Internal Controls Compliance: Ensure compliance with internal controls and corporate policies.
• Support Audits: Support any internal and external audit queries.
• Maintain Lease Completeness and Accuracy: Maintain the completeness and accuracy of leases in Lease Query.
• Lease Entry and Identification: Ensure new, modified, or terminated leases are identified and entered into Lease Query software for timely preparation of lease journal entries.
• Prepare right of use asset and lease liability roll forwards from accounting software and reconcile to the general ledger.
• Generate and reconcile lease disclosure reports and prepare the annual lease disclosure for audited financial statements.
• Reconcile lease expense in the general ledger to Lease Query.
• Manage general ledger reconciliations: Ensure that the balance sheet reconciliations are completed in a timely manner each month, to best standard.
• Ensure that the balances are well supported with relevant IPE and that reconciling items are reviewed regularly and cleared within the quarter.
• Take ownership of the Blackline reconciliation software and exploit for full functionality.
• Provide Clear Direction and Expectations: Provide the Fixed Assets Shared Services team with clear direction and expectations for achieving agreed objectives.
• Provide effective and efficient people management and mentoring through the Dayforce process.
• Provide leadership, mentoring, and support for professional development.
• Model and encourage behaviors that foster an inclusive, flexible culture that encourages excellence.
• Ensure robust business continuity plans, risk management, and continuous improvement plans are in place for Finance Operations.
• In collaboration with direct reports, develop and communicate development plans, objectives, and targets that are regularly reported on and provide opportunities for continual improvement.
• Engage with key stakeholders and customer groups to agree on and prioritize continuous improvement initiatives across Finance Function activities.
• Ensure efficiency and effectiveness in finance operations function resourcing.
• Proactively escalate value and risk issues.
• Ensure financial information provided to support decision-making is fit-for-purpose, complies with GAAP, and provides clear explanations of financial issues and their implications.
• Protect CORPAY's financial assets by ensuring compliance with financial regulations and GAAP.
• Undertake other ad hoc tasks as required, focusing particularly on improving processes and system.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• 5+ years of experience in accounting or finance, with a focus on fixed assets and lease accounting.
• Strong knowledge of US GAAP and financial reporting standards.
• Experience with financial software and accounting systems, particularly Blackline and Lease Query.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy in financial reporting.
• Proven leadership and team management skills.

Nice-to-haves

• CPA or equivalent certification is preferred.
• Experience in a Shared Services environment is a plus.
• Familiarity with tax compliance and audit processes.

Benefits

• Hybrid/remote work environment options.
• Company-issued equipment.