SUMMARY

Reporting to the General Accounting Manager in the Office of the Comptroller, the Capital Assets Accountant primarily will perform accounting, reporting, analysis, and quantitative functions relating to capital assets for multiple entities. The responsibilities include analyzing asset account activities, reconcile the General Ledger balances and Subsidiary records, prepare asset roll forward schedules and report on capital assets in accordance with GASB/Other GAAP provisions. The Capital Assets Accountant will assist in review and analyze accounting data and ensure compliance of capitalization policies, to monitor capital work in progress, and to record “in service” capital assets and depreciation. This person will also be involved in various capital activities, which includes accounting for demolition, acquisition of assets, leasing arrangements, senior and scattered sites rehabilitation, and other capital asset activities.

DUTIES AND RESPONSIBILITIES

• Reconcile General Ledger to Subsidiary Records, record differences from reconciliation and review, prepare Capital Assets Roll forward, Annual Comprehensive Financial Report (ACFR) Assets Footnote, and other reconciliations.
• Update and maintain Capital Asset system (as well as Activity subsidiary) and record depreciation in accordance with General Ledger closing schedule; It includes accounting for disposition and demolition of capital assets and updating asset module for asset changes and physical addresses, utilizing system forms and templates.
• Monitor and follow–up on units turned over (completed) to CHA, reconcile with Office of Development/Capital Construction data reports and Other Entity cost statements, ascertain time of completion, assign capital lease cost, prepare lease tables and make necessary entries.
• Record Property memorandum (7500/7900) accounts monthly; Loss and Gain on disposition of Assets and other assigned accounts.
• Implement CHA’s capitalization policies during Grant program/Other fund-based expensing; Analyze expenditures to determine items to be “capitalized” or “expendable” and make necessary adjustments.
• Assist in monitoring Construction Work in Progress (CWIP) and in making necessary entries for land improvements, building/ structure additions and adjustments for loan payments.
• Work with various parties to identify completed CWIP on a timely basis, assist in recording capital assets using assets categories and start depreciation.
• Assist in reading Mixed Finance documents, evaluating accounting implications, monitoring, and accounting for projects when complete.
• Assist in establishing asset codes, asset groups and building numbers using Lawson, establishing useful lives, maintain address listings in Excel.
• Periodic follow up on asset impairment and remediation reporting processes, perform physical inventory and land improvement procedures.
• Other special projects relating to capital assets.

QUALIFICATIONS

This position requires at least a Bachelor’s Degree in Accounting, Finance or related field, and a minimum of one (1) year of work experience in a construction-related Accounting, Finance, or equivalent combination of education and related work experience. Ideal candidate will have two to three years of experience. This position also requires comprehensive knowledge of accounting theory, principles, and practices; effective analytical and mathematical skills, good etiquette in bookkeeping and statistical information; possess good verbal, written and communication skills. The individual should be a problem solver, advanced Excel user, well organized, knowledgeable/ dependable/independent. Knowledge of Lawson ERP system or other Capital Asset database is desirable. The ideal candidate for this position should be very detail oriented, able to multi-task, and possess the ability to effectively communicate to multiple departments (including those that are non-finance).

Salary Range: $60,000 - $70,000

Grade: S6

FLSA: Exempt
Union: None

Job Type: Full-time

Pay: $60,000.00 - $70,000.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Experience:

• Financial concepts: 1 year (Required)

Work Location: Hybrid remote in Chicago, IL