Venteon is currently seeking an experienced Accountant to fill a newly created Fixed Asset Accountant opening with a start-up company based in Troy, Michigan.
Requirements of the Fixed Asset Accountant
- Bachelor s degree in Accounting or Finance
- 3+ years of relevant accounting experience
- CPA license or public accounting experience is preferred
- Experience in owning processes related to fixed assets leases and related assets
- Knowledge of (GAAP) ASC 360, ASC 350 and ASC 842 is preferred
- Accounting experience within a manufacturing company
Benefits of the Fixed Asset Accountant
- Excellent salary + bonus and opportunity for equity
- Competitive benefits and paid time-off program
- Hybrid working arrangements
- Opportunity for future promotion
Responsibilities of the Fixed Asset Accountant
- Maintain and update the fixed asset register, including acquisitions, transfers, depreciation, impairments, and disposals.
- Manage asset tagging in accordance with company policies and procedures.
- Conduct periodic physical audits of fixed assets and resolve discrepancies.
- Ensure compliance with applicable accounting standards, such as ASC 360.
- Manage lease accounting processes in compliance with ASC 842.
- Maintain and reconcile lease schedules, including lease liabilities and right-of-use assets.
- Record journal entries for lease payments, interest expense, and amortization.
- Work with the Financial Planning & Analysis organization on budgeting and forecasting
- Analyze and account for new lease agreements, modifications, and terminations.
- Track and account for intangible assets, such as software, patents, trademarks, copyrights, and licenses.
- Ensure proper capitalization, amortization, and impairment of intangible assets in compliance with ASC 350.
- Review contracts and agreements to identify intangible asset classifications and financial impacts
- Identify opportunities to enhance efficiency in fixed asset, lease, and intangible asset accounting processes.
- Stay updated on regulatory changes affecting fixed assets, leases, and intangible assets.
- Help implement the process required systems to be a public company.
- Continuously improve the accuracy and speed of your work.
- 20% general Accounting Activities as needed.
If you are a high performer and would like to work for an equally high performing company and you think the above opportunity is appropriate for you, we invite you to apply to this job and email your resume to lmoyer@venteon.com We treat all resumes with strict confidentiality. We will always contact you first before submitting your resume to our client(s) for review. If you do not receive correspondence, you are not a fit for this position.
At Venteon, our talent acquisition team is proud to provide our clients with the most qualified Accounting & Finance, Engineering, and IT talent in the industry today.
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