Fixed Asset Accountant

Overview

Founded in 1967, ImageFIRST® is a leading healthcare services organization. Acquired by private equity firm Calera Capital in 2018 and subsequently recapitalized in 2023 through a continuation fund vehicle, ImageFIRST has undergone rapid growth in its transformation as the largest national healthcare linen rental and laundry services provider. The Company serves over 25,000 outpatient and hospital customers through a nationwide network comprising 85 sites and 650 delivery routes. The leaders in infection prevention, ImageFIRST, prides itself on improving both staff and patient experiences through a premium product offering and white-glove service model.

Check out our company page: https://www.imagefirst.com/company/

We are seeking an experienced Fixed Assets Accountant  to join our  Accounting team in King of Prussia, PA.

This is an opportunity to demonstrate your skill set in a fast growing organization!

The Fixed Asset Accountant reports to the Director of Corporate Accounting. The Fixed Asset Accountant is a key role in the organization and works closely with the engineering and IT teams to properly account for and track fixed assets and capital expenditures projects (CAPEX). The position also collaborates with accounts payable, field locations, corporate accounting, forecasting, planning, and analysis teams to manage and account for fixed assets and ASC 842 lease accounting, ensuring compliance with US GAAP and company policies.

Responsibilities & Qualifications

Job Responsibilities

• Manage the lifecycle of fixed assets from acquisition to disposal
• Maintain the fixed asset ledger by location in Oracle, including additions, retirements and depreciation
• Monitor purchase orders in Oracle and match invoices submitted to the proper project
• Ensuring accurate capex and depreciation expense calculations by US GAAP and company policies
• Ensuring the accuracy of fixed asset subledgers and their reconciliation with the general ledger
• Work closely with the engineering and IT teams to properly record fixed assets in a timely and accurate way when they are brought into service
• Develop and maintain reporting to track actual, committed, and future costs for all capex projects
• Proficient in the project management (PMO) process and procedures to manage projects effectively within the organization, including project initiation, planning, execution, monitoring, and closure, ensuring consistency and efficiency across all projects
• Manage and report financial transactions related to leases, ensuring compliance with accounting standards, and providing accurate financial reporting
• Analyze lease agreements, track payments, prepare journal entries, and reconcile accounts
• Proficient with lease remeasurements and journal entry resets for applicable leases in accordance with ASC 842
• Provide necessary documentation and analysis to support external annual audits of fixed assets and ASC 842 Lease Accounting
• Draft fixed asset and ASC 842 footnote disclosures for the year-end audit
• Track and analyze capital expenditures for budgeting and forecasting for financial planning
• Prepare and record journal entries, prepare balance sheet reconciliations, analyze information for fixed assets, capex and ASC 842, and other special projects as assigned
• Prepare relevant capex and ASC 842 board slides, quarterly analysis, and ad hoc analysis
• Manage regular meetings with the engineering and IT teams to obtain the proper information needed to perform the responsibilities of this position
• Provide relevant information to the tax consultant for proper tax reporting
• Generate monthly financial reports and reconciliations accurately and timely manner
• Work with engineering to close out projects upon completion and identify asset(s) and their associated costs to be transferred from CIP (Construction-In-Process) to Fixed Assets
• Identify and calculate the value of assets with the assistance of engineering for acquisitions
• Month-end procedures and reporting requirements related to fixed assets and capitalized costs, including the generation of reports and the preparation and posting of journal entries
• Ad hoc reporting and analysis as required

Minimum Qualifications/Attributes:

• Bachelor’s degree in accounting required
• Minimum of 5 years of experience in fixed assets & ASC 842 lease accounting required

• Thorough understanding and application of ASC 842 accounting for leases
• Experience with LeaseHarbor software or similar software is required
• Proficiency in Oracle is a plus
• Proficient in US Generally Accepted Accounting Principles (US GAAP)
• Proficient in Microsoft Office and advanced skills in Microsoft Excel, including VLOOKUPS, SUMIFS, and Pivot tables.
• Excellent written and verbal communication skills, including the ability to effectively communicate details of financial information
• Goal-oriented to flourish in a fast-paced environment with changing priorities
• Ability to work independently and with a team, including various levels of management
• Detail-oriented, professional attitude, take pride in accuracy of work, and be reliable
• Demonstrate strong organizational, analytical, and problem-solving skills

Company Values & Benefits

ImageFIRST employees are expected to:

• Be Respectful: Value all we come in contact with
• Be Remarkable: Create a positive moment with every interaction
• Be Safe: Keep ourselves and those around us safe
• Be Honest: Be guided by truthfulness in all we do  

Benefits:

• Competitive pay
• Medical, Dental, Vision
• 401k (match)
• Paid Time Off Package
• Great company culture
• Collaborative team environment 

EOE / Drug Free Workplace

ImageFIRST is an Equal Opportunity employer.  All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, nation origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.  We are fueled by the talent, passion and the diversity of our associates.

The base salary range for this position is $85,000 - $110,000. Final compensation may vary based on experience, skills, and location.

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Salary : $85,000 - $110,000