Sr Accountant Fixed Assets

Posted on Nov 17, 2018 by Benjamin Moore

Montvale, NJ 07645
Accountancy
Immediate Start
Annual Salary
Full-Time

Company Summary

Benjamin Moore is proud to be a part of Berkshire Hathaway, which was recognized by Fortune magazine as the world's fourth most admired company. And for more than 130 years we've been a respected leader in the architectural coatings and home décor landscape; creating the products and tools that enrich and beautify thousands of communities each day. We recognize that our associates are the driving force behind our success and we strive to provide a work environment where hard work, creativity and purposeful collaboration are fostered and encouraged.

Join a company where innovation is constantly recognized as we look for individuals who produce world-class products, best-in-class services and customer experiences, design pioneering paints using the latest technologies and deliver unparalleled value and brand experiences for our customers and retail network.

Job Summary:

The fixed asset accountant position is accountable for recording the cost of newly acquired intangible and tangible fixed assets, tracking fixed assets, recording depreciation, accounting for the disposition of assets, and settling internal orders monthly. This position is also responsible for lease accounting including the determination of operating vs capital leases, creation and maintenance of lease accounting schedules, communication with lessors on adjustments, and ensuring lease payments are executed.

Reporting Structure:

The Staff Accountant -- Fixed Assets role reports to the Senior Manager Financial Reporting as a part of the Accounting Team. There are no direct reports reporting into this role.

Key Responsibilities:
  • Maintains all aspects of Fixed Asset Accounting and Reporting as follows:
    • Review fixed assets purchase requests (initial asset creation review)
    • Review and place assets under construction (CIP/AUC assets review)
    • Record and review fixed assets disposition in the system
    • Reconcile fixed asset sub-ledger vs. general ledger and prepare fixed assets roll-forward
    • Perform various fixed assets analyses (depreciation reasonableness, mid-month review, fluctuation analysis)
    • Facilitate physical inventory count
    • Provide audit (internal/external/tax) support (i.e. pull relevant fixed assets support and address various inquiries)
    • Assist in various clean-up efforts
    • Provide various internal reporting schedules impacting fixed assets
    • Conduct monthly analyses related to intangible assets
    • Maintain deferred rent workbook and prepare month-end journal entries
    • Calculate % Rent in accordance with lease terms
    • Process monthly rent batches
    • Review CAM/RE Tax Reconciliations
    • Prepare rent tax submissions
    • Manage relationships with Landlords
    • Assist financial reporting with yearly consensus reports containing fixed asset information
    • Reconcile financial reporting to management reporting information
    • Support the technology strategy of the business by assessing the impact of changes as it relates to fixed assets, intangibles, and lease accounting.
Required Skills:
  • Bachelor's Degree in Accounting / CPA or MBA preferred
  • 0 - 3 years of Accounting experience, strong technical US GAAP accounting knowledge
  • Must be highly analytical and inquisitive with strong organizational abilities, keen attention to detail and ability to meet monthly deadlines and goals
  • Knowledge of Microsoft Office; proficient in Excel
  • Knowledge of SAP and/or Business Objects
  • Organizational, interpersonal and communication (written and oral) skills, ability to work in a team-based, continuous improvement environment
  • Expected travel up to 5% in US and Canada, no extended projects. Weekend work as needed
Competencies:
  • Strong customer focus dedicated to meeting expectations and requirements of internal and external customers
  • Seen as a team player that encourages collaboration and quickly gains trust and support of peers. Finds common ground and solves problems for the benefits of all
  • Manage multiple tasks and projects with the ability to prioritize and respond quickly to customer requests based on shifting priorities
  • Anlayze, investigate and resolve issues issues related to daily work by applying knowledge of policies, procedures and interal processes
  • Ability to drive for results to complete goals successfully
  • Align and operate within the company's core ethics and values

Reference: 569336031

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