Fixed Asset Senior Accountant
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Job Location:
Minneapolis, MN - USA
Monthly Salary:
$ 93800 - 140675
Posted on:
13 hours ago
Vacancies:
1 Vacancy
Job Summary
Work Schedule
Standard (Mon-Fri)Environmental Conditions
OfficeJob Description
At Thermo Fisher Scientific our mission is to support our customers in making the world healthier cleaner and safer.
The Senior Accountant Fixed Asset role is an outstanding opportunity to participate in building the new Capital Asset process and reinforcing financial oversight throughout the company. This job will focus on the fixed asset accounting and reporting for the Filtration and Separation (FSD) division within the BioProduction Group (BPG) at Thermo Fisher Scientific. Formed after a recent acquisition this division produces approximately $1 billion in annual revenue and supports Thermo Fisher Scientifics growth and innovation strategies.
This role is focused on accounting reporting and oversight of fixed assets within the FSD business. You will work with global cross-functional teams to develop the capital approval process. You will also develop monitoring and reporting frameworks and outline efficient capitalization procedures. All activities contribute to process enhancement and ongoing improvement in a complex international setting.
Primary Responsibilities
- Provide technical guidance to accounting teams and financial partners on fixed asset qualifications capitalization criteria and useful life determinations.
- Maintain up-to-date knowledge of accounting standards relevant to fixed assets (e.g. ASC 360 IAS 16).
- Review and approve capital acquisition requests from business partners ensuring adherence to approval limits and capital policies.
- Monitor and reconcile construction-in-progress (CIP) accounts ensuring timely capitalization of completed assets.
- Coordinate and review depreciation accruals impairment assessments and adjustments for delayed capitalizations.
- Partner with FP&A Operations and Project Management teams to review project spending validate CIP balances and ensure accuracy of capitalized costs.
- Lead the improvement of current fixed asset accounting and reporting processes.
- Assist with property tax reporting and other various compliance reporting.
- Ensure adherence to internal control requirements under SOX and Thermo Fishers global accounting policies.
- Design the physical inventory counts and the labeling of fixed assets.
- Support internal and external audits by providing detailed schedules and documentation.
Skills Knowledge and Abilities
Job Skills
- Proficiency in reading and interpreting financial policies accounting guidelines and corporate procedures.
- Highly organized diligent and able to balance multiple priorities under time-critical deadlines.
- Self-motivated with the ability to work independently under general direction.
- Analytical skills to solve practical problems and deal with a variety of variables in situations where only limited standardization exists.
Qualifications
- A Bachelors Degree is required ideally in Finance or Accounting. Candidates should have 4 to 6 years of accounting experience. At least 2 of those years must focus on fixed asset accounting.
- Experience in manufacturing or industries with significant capital investment is highly advantageous.
- Experience operating within a large ERP system environment (e.g. Oracle SAP NetSuite).
Compensation and Benefits
The salary range estimated for this position based in Minnesota is $93800.00$140675.00.This position may also be eligible to receive a variable annual bonus based on company team and/or individual performance results in accordance with company policy. We offer a comprehensive Total Rewards package that our U.S. colleagues and their families can count on which includes:
A choice of national medical and dental plans and a national vision plan including health incentive programs
Employee assistance and family support programs including commuter benefits and tuition reimbursement
At least 120 hours paid time off (PTO) 10 paid holidays annually paid parental leave (3 weeks for bonding and 8 weeks for caregiver leave) accident and life insurance and short- and long-term disability in accordance with company policy
Retirement and savings programs such as our competitive 401(k) U.S. retirement savings plan
Employees Stock Purchase Plan (ESPP) offers eligible colleagues the opportunity to purchase company stock at a discount
For more information on our benefits please visit: Experience:
Senior IC
Key Skills
- General Ledger Reconciliation
- Accounting Software
- Account Analysis
- GAAP
- Journal Entries
- QuickBooks
- General Ledger Accounting
- Accounting
- Account Reconciliation
- SOX
- Microsoft Dynamics GP
- NetSuite
About Company
Electron microscopes reveal hidden wonders that are smaller than the human eye can see. They fire electrons and create images, magnifying micrometer and nanometer structures by up to ten million times, providing a spectacular level of detail, even allowing researchers to view single a ... View more
