What are the responsibilities and job description for the Fixed Asset Accountant position at Tasty Restaurant Group?
Position Summary
The Fixed Asset Accountant is responsible for the accurate accounting and reporting of fixed assets for a multi-brand quick service restaurant (QSR) franchise company. This role maintains the fixed asset subledger, ensures compliance with capitalization policies, and supports the month-end close process through reconciliations and reporting. The Fixed Asset Accountant works closely with the construction, operations, and finance teams to ensure proper asset tracking, classification, and depreciation. This role will also manage property tax billing and reporting.
Key Responsibilities
Fixed Asset Accounting
- Maintain detailed records of fixed assets including acquisitions, transfers, disposals, and impairments.
- Ensure compliance with capitalization policies and GAAP standards.
- Record and track construction-in-progress (CIP) accounts and ensure timely capitalization.
- Calculate and record monthly depreciation entries in the general ledger.
Reconciliation & Reporting
- Reconcile fixed asset subledger to the general ledger on a monthly basis.
- Prepare fixed asset roll-forward schedules and other audit support documentation.
- Assist in preparing reports for internal stakeholders and external auditors.
- Support tax team with annual property tax and depreciation reporting needs.
Collaboration & Controls
- Coordinate with construction and operations teams to ensure timely and accurate asset tracking.
- Participate in physical inventory counts and asset verification processes.
- Ensure adequate internal controls are in place around asset additions, retirements, and transfers.
- Assist in process improvements and implementation of fixed asset tracking systems.
Property Tax Tracking
- Manage incoming property tax billing and maintain accurate accruals across entities
- Coordinate with taxing jurisdictions for property tax audits
- Maintain and timely file property renditions
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field.
- 3 years of experience in fixed asset accounting, preferably in a multi-unit environment.
- Knowledge of GAAP, fixed asset lifecycle, and depreciation methods.
- Proficiency in Microsoft Excel and experience with ERP or fixed asset management systems.
- Strong attention to detail and organizational skills.
- Experience in QSR, hospitality, or retail industry a plus.
Key Competencies
- Fixed Asset Accounting
- GAAP Compliance
- Reconciliation & Reporting
- Attention to Detail
- ERP Systems Knowledge
- Time Management
- Collaboration & Communication