What are the responsibilities and job description for the Fixed Asset and Lease Accounting Specialist position at Target Hospitality?
Description:
The Fixed Assets (FA)/Lease Accounting Specialist provides management with a wide range of general accounting activities including assisting in the preparation of financial statements, successful execution of month-end close procedures, assessment of expenditures for capitalization under the Company’s Fixed Assets policy, Analyzing and Processing Lease Activity along with appropriate classification under ASC 842, and implementation of new or improvements to existing processes and controls.
Responsibilities:
- Maintain General Ledger and recording of journal entries to support auditable, accurate financial statements in a deadline-driven environment (5-day month-end close timeline).
- Review and approve coding for purchase requisitions.
- Maintain documentation in support of all entries, accruals, reconciliations, and journal entries, to support the completeness and accuracy of our financial statements, in accordance with internal controls over financial reporting.
- Cross-departmental collaboration with different departments to resolve inter-departmental issues to achieve optimal business outcomes.
- Prepare monthly account reconciliations as well as variance explanations and documentation.
- Assess/Process transactions related to fixed assets for appropriate capitalization.
- Evaluate/Manage transactions related to leases for appropriate categorization.
- Actively participate in external and internal financial audits.
- Perform account analysis and research any variances.
- Perform ad hoc projects and special assignments as assigned.
Requirements:
- Bachelor’s Degree (BS, BBA, etc.) in Accounting required.
- 2-4 years of related work experience, preferably with public company/industry month-end close experience; mid-size to large public accounting firm experience is a plus.
- Systems experience with large-scale ERP (preferably Oracle Fusion Cloud).
- CPA certification is a plus.
- Experience with lease accounting (ASC 842) and documentation.
- Experience with accounting for fixed assets (ASC 360).
- Demonstrates strong analytical skills with strong knowledge of US GAAP.
- Strong understanding of financial processes and internal controls; Sarbanes-Oxley (SOX) 404 experience required.
- Strong desire to optimize use of Oracle Fusion applications to leverage underlying transaction data through reports in performing analysis, processing transactions, and preparing journal entries.
- Excellent verbal and written communication skills.
- Must be a team player, willing to interface and partner with members in all areas of a rapidly growing public company.
- Willing to work overtime during month-end and quarterly close periods to meet all deadlines.
Ability to communicate effectively (in writing and verbally) in English.