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Driven Brands Shared Services LLC
Charlotte, NC | Full Time
$166k-210k (estimate)
2 Months Ago
Director - Fixed Asset and Lease Accounting
$166k-210k (estimate)
Full Time | Consumer Services 2 Months Ago
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Driven Brands Shared Services LLC is Hiring a Director - Fixed Asset and Lease Accounting Near Charlotte, NC

Company:Driven Brands We invite you to join us at Driven Brands! Headquartered in Charlotte, NC, Driven Brands (NASDAQ: DRVN) is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. With over 4,500 centers in 15 countries, Driven Brands is the parent company of some of North America’s leading automotive service brands including Take 5 Oil Change, Take 5 Car Wash, Driven Glass, Meineke, Maaco, CARSTAR, and more. Our network services over 50 million vehicles annually and generates more than $5 billion in system-wide sales each year. Our culture inspires high performance and innovation, enabling our employees to go further, faster in their careers. With amazing people and great brands, we confidently look forward to exciting growth ahead, and believe in following the values that support this vision. JOB DESCRIPTION: The Director of Enterprise Asset Accounting is a key leadership role responsible for overseeing the accounting and reporting of fixed assets, leases and software across the organization. This position requires a seasoned professional with a strong background in accounting, financial analysis, and compliance. The Director will play a crucial role in developing and implementing policies and procedures to ensure accurate and timely recording enterprise asset transactions in accordance with generally accepted accounting principles (GAAP) and relevant regulatory standards. Additionally, this role will provide senior leadership with visibility and analytical insights to understand capital investments compared to annual operating and strategic objectives. Responsibilities Operational Leadership Develop and implement a comprehensive strategy for the management of fixed assets and software accounting that aligns with the organization's overall financial goals. Provide strategic guidance to senior management on matters related to fixed asset and software accounting, including recommendations for process improvements and cost-saving initiatives. Partner with operational and financial leadership to develop processes to analyze capital spend to facilitate ongoing forecast and budgeting cycles. Establish processes to determine standard rates for the capitalization of internal labor. This includes partnering with the business to implement effective processes to capture and record internal labor hours attributed to capital projects. Asset Accounting, Tracking and Management Assist in month-end closing of the general ledger, focusing on lease and fixed asset accounting, including preparation, review, and posting of appropriate journal entries. Establish and maintain a system for tracking and managing fixed assets and software throughout their lifecycle, from acquisition to disposal. Implement and maintain processes that ensure the proper classification of transactions (i.e., expense vs. capital). Ensure effective reviews of construction in process accounts to ensure assets are placed into service in a timely manner. Conduct regular audits to verify the accuracy and completeness of the fixed asset and software inventory. Perform analysis and reporting for impairment of long-lived assets. Ensure appropriate accounting treatment for the retirement and disposal of capital assets. Compile lease schedules and support for external auditors during quarter and fiscal year-ends. Software and Cloud Computing Ensure transactions related to the development and implementation of internally developed software or cloud computing projects are properly accounted for under US GAAP. Partner with IT leadership to ensure visibility to ongoing and future projects and consults as necessary on the implications of accounting treatment. Lease Accounting Ensure proper classification and reporting of transactions in compliance with ASC 842. Review applicable accounting data on a lease, lease classification, and the generation and review of the accounting schedules on a lease. Perform analysis and reporting for impairment of long-lived assets. Ensure appropriate accounting treatment for sale-leaseback transactions.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Consumer Services

SALARY

$166k-210k (estimate)

POST DATE

03/11/2024

EXPIRATION DATE

05/10/2024

WEBSITE

drivenbrands.com

HEADQUARTERS

CHARLOTTE, NC

SIZE

3,000 - 7,500

FOUNDED

2015

CEO

JONATHAN FITZPATRICK

REVENUE

$500M - $1B

INDUSTRY

Consumer Services

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