What are the responsibilities and job description for the Lead Fixed Asset Accountant position at Bashas' Supermarkets?
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POSITION PURPOSE
The Lead Fixed Assets Associate is responsible for the daily operation of the fixed asset and lease accounting functions within the accounting department. The role (i) provides day-to-day oversight of the company's fixed assets and lease portfolios, (ii) ensures work is completed within established timelines, and (iii) acts as a resource to others throughout the accounting department. The job classification requires intermediate knowledge of fixed asset accounting and ASC 842 lease accounting and the ability to develop and implement process improvements that support the Company.
ESSENTIAL JOB FUNCTIONS AND BASIC DUTIES
*Oversee the company’s lease portfolio in accordance with ASC 842, including the recognition, measurement, and reporting of lease liabilities and right-of-use assets.
*Coordinate with property managers and external service providers to ensure accurate and timely recording of new lease agreements and lease amendments.
*Prepare and/or review lease-related journal entries, reconciliations, and financial statement support.
*Calculate and coordinate the payment of percentage rent (where applicable).
*Follow established capitalization and retirement procedures.
*Oversee the lifecycle of fixed assets, including acquisition, depreciation, and disposal.
*Oversee all capital expenditures for the company.
*Review and validate monthly and quarterly asset roll forwards for financial reporting and oversee long-lived asset impairment analyses.
*Review landlord common area maintenance and real estate tax billings for payment.
*Guides the work of other departmental employees.
*Prepares and posts accounting entries and adjustments.
*Recommend, design, and implement ongoing improvements in accounting processes and procedures for assigned teams. Strive for continuous improvement and innovation.
*Acts as a resource to others on general to complex issues; gather documents and research information to answer questions.
*Performs other duties and special projects as assigned.
MINIMUM QUALIFICATIONS
EDUCATION AND EXPERIENCE:
Bachelor’s degree in accounting and a minimum of three or more (3 ) years of fixed asset and lease accounting experience, or an equivalent combination of education and experience.
REQUIRED KNOWLEDGE:
Knowledge of US GAAP standards, including ASC 360 and ASC 842.
Ability to work in complex accounting/ERP systems (SAP preferred).
Experience with Lucernex or other comparable lease accounting systems (preferred).
Advanced Excel skills, including complex formulas to manipulate large amounts of data.
Prior experience reconciling fixed asset general ledger accounts (e.g., equipment, land, WIP, etc.).
SKILLS/ABILITIES:
Ability to complete work in an accurate and timely manner.
Ability to communicate effectively, both verbally and in writing, and maintain effective working relationships.
Ability to perform basic mathematical calculations.
Ability to present analysis and conclusions in a clear and concise format.
Ability to reconcile GL accounts.
Ability to organize, prioritize, and meet tight deadlines.
