Accounting Manager - Leases and Fixed Assets
FirstDay Foundation

Job Info

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It's a great feeling to work for a company that does so much good for others around the world!

Academic Req: Bachelor's degree in accounting from an accredited university; MBA and/or CPA strongly preferred

Certifications: Certified Public Accountant or Certified Management Accountant is desired

Work experience: Five (5) plus years of experience in accounting for construction and capital projects, leases and fixed assets. Experience in nonprofit environment preferred. Experience with audits, understanding of complex accounting, internal controls, financial systems, financials statements and processes. Experience with working with multiple companies and a similar size agency ($300 million plus)

Job description: Reporting directly to the Director of Financial Accounting Operations (Director), the Accounting Manager - Leases and Fixed Assets (AM) will work in tandem with operational and purchasing staff to oversee the capitalization of purchases of fixed assets, evaluating and recording of leased properties, vehicles and equipment in accordance with ASC 842-Accounting for Leases, and maintaining and managing fixed assets systems to include acquisitions, processing of depreciation, transfers and disposals of capital assets and related accounting and financial reporting functions of FirstDay Foundation and affiliated companies (Organization). This position will manage all day-to-day activities, oversee tracking of purchase orders for capital projects and leases, manage the fiscal aspects of the life cycle of long-term fixed assets and leases, ensure regulatory compliance, enforce financial controls, and assist in financial audits. For leased items, the AM will calculate the Right of Use and Lease Liabilities, Discount Rates, and payments under ASC 842. The AM will work with internal stakeholders to determine material completion of projects or purchases, and ensure accurate and timely recording of all acquisitions, depreciation, transfers, and disposals. The AM will also liaise with the executive level staff and corporate controllers.

Critical Action Items & Measurable Deliverables:
1. Review, report and record office rent and equipment lease activity based on ASC 842 - Accounting for Leases.
2. Analyse and Interpret lease terms for proper accounting treatment, including lease classification (finance vs operating lease) based set lease terms
3. Prepare and provide support for journal entries
4. Complete monthly account reconciliation by clearing variances and adding appropriate support for ending balances
5. Communicate and maintain strong working relationships with External Auditors and Finance Leaders
6. Prepare quarterly and annual disclosure information related to the fixed and leased asset portfolio for federal and local governmental units
7. Prepare ad-hoc reports as requested by management
8. Interpret lease language and set-up leases according to Generally Accepted Accounting Principles (GAAP)

Fixed Asset and Inventory Responsibilities
1. Create and monitor a system of controls, procedures, and forms for the recording of fixed assets
2. Recommend to management any updates to accounting policies related to fixed assets
3. Work with business units to assign tag numbers to fixed assets
4. Record fixed asset acquisitions and dispositions in the accounting system
5. Track the compilation of project costs into fixed asset accounts and close out those accounts once the related projects have been completed
6. Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger
7. Calculate depreciation for all fixed assets
8. Review and update the detailed schedule of fixed assets and accumulated depreciation
9. Calculate asset retirement obligations (ARO) for those fixed assets when applicable
10. Investigate the potential obsolescence of fixed assets
11. Conduct periodic impairment reviews for intangible assets
12. Conduct periodic physical counts of fixed assets
13. Collaborate with finance and operational staff to ensure proper accounting and reporting of inventory records
14. Develop, implement, and improve policies, procedures, processes, and templates necessary to support emergency task orders for deployment of inventory and invoicing
15. Recommend to management whether fixed assets should be disposed
16. Conduct analyses related to fixed assets as requested by management
17. Prepare audit schedules relating to fixed assets, and assist auditors in their inquiries
18. Prepare property tax returns
19. Prepare SF-428 and SF-429 reports to governmental entities on assets with federal interest
20. Prepare documentation, schedules, and provide support for all audits
21. Track company expenditures for fixed assets in comparison to the capital budget and management authorizations

Requirements:
1. Understanding and ability to implement and manage lease accounting concepts and practices in accordance with GAAP
2. Strong analytical skills and initiative as well as attention to detail
3. Strong verbal and written communication skills with the ability to work with various levels of staff of the Organization
4. Function in a high-volume, deadline driven environment
5. Time management and adherence to month-end close timelines
6. Proficiency in Excel and other MS Office applications
English (United States)
If you like to work with people that believe they can make a difference in the world, this is the company for you!

EEO Statement

It our policy to provide equal employment opportunity and treat all employees equally regardless of age, race, creed/religion, color, national origin, immigration status or citizenship status, sexual orientation, military or veteran status, sex/gender, gender identity, gender expression, disability, genetic information or genetic predisposition or carrier status, marital status, partnership status, victim of domestic violence, sexual or other reproductive health decisions, or other characteristics protected by applicable law.

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#LI-Accounting / Auditing

#LI-Mid-Senior level

#LI-Full-time

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