Senior Accountant-Capital Asset & Financial Reporting

About SCC

Most people are familiar with the Seattle Convention Center (SCC) because we host a large variety of meetings, events, and conventions. That is the primary role we play – the Center provides a venue in which people gather from around the region, the nation and the world to share ideas, celebrate and learn.

But our role goes well beyond that. The Center has a longstanding commitment to positively impact the lives of those in our region and beyond, advancing the common good. The legacy of our civic actions for the community holds as true today as it began nearly three decades ago. Read more about our Community Impact here.

Employees are the heartbeat of this extraordinary service culture and contribute to our collective success in the vibrant core of downtown Seattle.

Position Summary

The Senior Accountant – Capital Asset & Financial Reporting at the Seattle Convention Center is responsible for senior professional level accounting activities such as the review and reconciliation of financial data and the preparation of corporate accounting and management reports. This position is accountable for maintaining the Fixed Asset/Job Module and associated depreciation schedules in the Momentus ERP software which is the system of record for audit purposes.

The Senior Accountant – Financial Reporting will perform and oversee physical inventories of equipment throughout the buildings using the asset tracking software and hardware; monitor compliance of SCC internal controls; and adhere to all relevant SCC and Washington State Budget, Accounting and Reporting System (BARS) policies and rules, Governmental Accounting Standards Board (GASB) and Generally Accepted Accounting Principles (GAAP). This position reports directly to the Director of Accounting and works with other accounting staff and internal customers on financial processes and issues.

Additional financial reporting duties include assistance with preparations of monthly financial board reports, preparation of annual financial statements, such as Statement of Cash Flows, preparation of notes to the financial statements and required supplementary information in accordance with State Auditor BARS standards and GASB requirements. 

Essential Duties and Responsibilities include the following:

• Provide technical accounting expertise to implement and administer the organization’s capital asset program and budget.
• Ensure compliance with internal controls procedures, recommend needed changes.
• Review and compile monthly and annual capital project reports and update capital cash forecasts, including recommendations for needed reporting enhancements.
• Ensure all capital budget expenses, fixed assets and small assets are coded properly and tagged.
• Developing new accounting procedures on capital batch review and posting to align capital projects process with GAAP and organizational capitalization standard.
• Reconcile monthly capital expenses and Construction In-Progress balance sheet accounts, perform capitalization steps when projects are complete.
• Communicating with internal departs on capital project progress, following-up as needed,
• Provide accounting data and reports for internal and external audits as assigned by Director of Accounting and/or CFO, as well as, respond to external auditor inquiries during the annual audit.
• Review and maintain capital accounting records, such as the fixed asset register.
• Plan, execute, and conduct physical inventories of equipment, maintain records in accordance with state and local government record retention guidelines.
• Establish and refine physical inventory procedures for capital assets, including updating organization policies surrounding capital asset procurement and disposals.
• Establish and build out asset tracking software inventory procedures to reconcile with Momentus for all locations, including outside vendor (e.g. service provider) initiated procurements; establish documentation standards.
• Periodic review and updating of internal capital asset policies, procedures and guidelines.
• Review and process construction funding requests work with capital projects vendors to obtain missing and inadequate documentation and correct any errors.
• Determine capitalization of project related costs in compliance with GAAP and GASB and other accounting guidance.
• Review of historical capital projects, fixed assets, and construction in progress accounts to assist with updating and accurately applying GASB standards. Process disposals in the accounting software and add necessary supporting documentation.
• Review L&I portal for intents and affidavits of capital projects to ensure compliance with governmental procurement prevailing wage regulations for prior to vendor payment.
• Reporting and tracking construction funding requests YTD along with project YTD and lifetime costs.
• Reconciliation of general contractor payment applications and retainage release requests.
• Confirming retainage paperwork and regulatory requirements have been met prior to release and requesting authorization from CFO and CEO.
• Prepare monthly reconciliation of retainage payable general ledger accounts and retainage bank account reconciliation.
• New vendor setup in Momentus with periodic review and monitoring of new IRS W9 forms for new vendors, add vendors into Momentus with accurate tax information for 1099 reporting purposes.
• Initiate and prepare journals entries and account reconciliations as needed for monthly and annual closing with adequate supporting documentation.
• Compile and review of all software potentially subject to GASB 96 Subscription-based IT arrangements (SBITAS) and implementation in lease accounting software. As well as primary responsibility for the implementation of any future GASB pronouncements related to capital assets including intangible or right to use capital assets.
• Compile and review of potential GASB 87 leases and manage in the lease accounting software.
• Responsible for preparing notes and schedules for annual comprehensive financial report related to capital assets, including intangibles, artwork, information technology subscription assets and right of use lease assets in accordance with the State Auditor GAAP BARS manual and GASB 87 and 96.
• Create financial reporting templates as needed in Momentus for annual financial statements.
• Prepare Statement of Cashflows quarterly or at the direction of the Assistant Director of Accounting and or CFO.
• Prepare other portions of the annual comprehensive financial report as required.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to see, talk, hear, sit, stand, walk and reach with hands and arms.  The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.

Minimum Qualifications:

• Bachelor’s degree in accounting
• Three (3) years of experience in capital/fixed asset accounting and reporting, or other relevant high level financial statement or complex tax preparation
• Successful completion of CPA designation within three years (36 months) of hire date

Preferred Qualifications:

• Two (2) years of technical accounting experience, such as FASB/GASB standards implementation and reporting requirements, including preparation of the complete set of proprietary fund financial statements, and notes to the financials
• Advanced excel skills
• Direct experience, either in the public sector or with a private sector company in the service/hospitality industry
• Momentus event management software experience

*Equivalent combination of education and experience may be considered.

Benefit Highlights: 

• Pay: $80,985- $121,477 / year based on experience and qualifications.
• Paid Leave benefits
• Vacation (12 days in first year)
• Paid holidays (11 set by SCC, 2 personal)
• Medical, dental and vision insurance
• Life insurance
• 457(b) retirement savings plan
• Subsidized transportation and parking benefits 

Schedule: Typically, Monday to Friday. Flexibility to work evenings/weekends dependent on event schedule. 

Work Location: Seattle, WA 98101. 

Disability Accommodations and Equal Employment Opportunity

If accommodations are required either to complete the application process and/or attend an interview, please contact the Human Resources Department at 206-694-5038.

Seattle Convention Center is committed to the policy of equal employment opportunity and nondiscrimination on the basis of race, creed, color, national origin, sex, marital status, sexual preference, orientation, gender identity, genetic information, pregnancy, age, religion, veteran status, military status, disability, or any other status protected by law.

Notes on the Application Process

• This posting may be taken down at any time. Review of applications will begin immediately
• Only applications submitted directly to Seattle Convention Center’s jobs page will be considered; applications submitted via external websites / apps will not be received
• A current resumé may be submitted in lieu of filling out the attached Application for Employment only if it includes accurate dates – including month and year – of both previous employment and any relevant experience/education history.
• In the event your application is selected for interview, a hiring representative will reach out via your provided phone or email contact information. The final hiring process will involve employment reference checks and a criminal background check

Salary : $80,985 - $121,477