Fixed Asset Accountant

Role Overview: As a Fixed Assets Accounting Specialist within the Finance Shared Services team, your primary focus will be on managing day-to-day transactional activities related to the fixed assets lifecycle. You will be responsible for tasks such as asset creation, capitalization, transfers, depreciation, and disposals. Your role will involve maintaining accurate fixed asset records in SAP, ensuring compliance with company policies, and financial reporting standards. This position requires a keen attention to detail and a thorough understanding of fixed asset accounting processes within a shared services environment. Key Responsibilities: - Process fixed asset transactions in SAP, including asset creation, capitalizations, transfers, adjustments, and disposals, ensuring accurate recording of all entries. - Review and validate capital expenditure (CAPEX) requests to ensure compliance with company policy before capitalizing assets. - Monitor asset additions and ensure transactions are supported by appropriate documentation and approvals. - Ensure correct application of depreciation schedules in accordance with accounting standards and company policies. - Process monthly, quarterly, and annual depreciation runs in SAP, reconciling depreciation expenses to the general ledger. - Review and analyze depreciation variances to ensure accurate reflection of asset lives and depreciation methods. - Reconcile the fixed asset subledger to the general ledger regularly, resolving discrepancies in a timely manner. - Prepare and maintain fixed asset schedules for internal and external reporting, including roll-forward reports, asset aging reports, and capital expenditures reports. - Assist with month-end and year-end closing activities by providing fixed asset data and supporting documentation. - Process asset transfers between business units or locations, ensuring accurate accounting treatment for transfers. - Handle asset disposals, including sale, scrapping, or write-off, with proper documentation and recording in SAP. - Monitor gains or losses on disposals and ensure compliance with financial reporting standards. - Support internal and external audits by providing fixed asset reports, documentation, and reconciliations. - Ensure compliance with company policies, SOX controls, and accounting regulations related to fixed assets. - Maintain fixed asset master data in SAP, ensuring accurate asset descriptions, locations, and cost centers. - Identify and suggest improvements to fixed asset management processes for enhanced efficiency and accuracy. - Participate in SAP system enhancements or upgrades related to fixed assets, providing input on requirements and testing system changes. Qualifications Required: - Bachelors degree in Accounting, Finance, or a related field. - 3+ years of experience in fixed assets accounting, preferably in a finance shared services environment. - Hands-on experience with SAP in managing fixed assets. - Familiarity with accounting principles and standards, including GAAP or IFRS. - Proficiency in SAP FI/CO modules, particularly the fixed assets (FA) submodule. - Strong skills in Microsoft Excel for reconciliations, reporting, and analyzing asset data. - Good written and verbal communication skills for collaborating with finance teams and stakeholders. - Strong attention to detail and accuracy in recording asset transactions and reconciliations. - Excellent organizational and problem-solving skills for managing multiple fixed asset processes. - Ability to work collaboratively with finance teams and other stakeholders to ensure smooth processing of fixed asset transactions. Role Overview: As a Fixed Assets Accounting Specialist within the Finance Shared Services team, your primary focus will be on managing day-to-day transactional activities related to the fixed assets lifecycle. You will be responsible for tasks such as asset creation, capitalization, transfers, depreciation, and disposals. Your role will involve maintaining accurate fixed asset records in SAP, ensuring compliance with company policies, and financial reporting standards. This position requires a keen attention to detail and a thorough understanding of fixed asset accounting processes within a shared services environment. Key Responsibilities: - Process fixed asset transactions in SAP, including asset creation, capitalizations, transfers, adjustments, and disposals, ensuring accurate recording of all entries. - Review and validate capital expenditure (CAPEX) requests to ensure compliance with company policy before capitalizing assets. - Monitor asset additions and ensure transactions are supported by appropriate documentation and approvals. - Ensure correct application of depreciation schedules in accordance with accounting standards and company policies. - Process monthly, quarterly, and annual depreciation runs in SAP, reconciling depreciation expenses to the general ledger. - Review and analyze depreciation variances to ensu