Fixed Asset Accountant at Draper Labs in Cambridge, Massachusetts

Posted in Other 14 days ago.

Job Description:

Fixed Asset Accountant

Job Location


Requisition ID


Draper is an independent, nonprofit research and development company headquartered in Cambridge, MA. The 1,800 employees of Draper tackle important national challenges with a promise of delivering successful and usable solutions. From military defense and space exploration to biomedical engineering, lives often depend on the solutions we provide. Our multidisciplinary teams of engineers and scientists work in a collaborative environment that inspires the cross-fertilization of ideas necessary for true innovation. For more information about Draper, visit

Our work is very important to us, but so is our life outside of work. Draper supports many programs to improve work-life balance including workplace flexibility, employee clubs ranging from photography to yoga, health and finance workshops, off site social events and discounts to local museums and cultural activities. If this specific job opportunity and the chance to work at a nationally renowned R&D innovation company appeals to you, apply now

Equal Employment Opportunity

Draper is committed to creating a diverse environment and is proud to be an affirmative action and equal opportunity employer. We understand the value of diversity and its impact on a high-performance culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information.

Draper is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, please contact


Department Summary:

This position is part of a 40-member Finance organization that directs the accounting, financial planning, treasury and government compliance functions for Draper. This important role reports directly to the General Ledger Accounting Manager and will provide critical support to the business in various accounting related areas.

Job Summary:

Fixed Asset Accountant

The General Ledger Accountant will work with the business to ensure the financial results accurately reflects the company's financial position while following US GAAP guidelines. In this role, the Accountant will interface with a variety of departments/areas including Facilities, Internal Audit, Contracts, Procurement, Property, Billing, Financial Planning and Analysis, Programs, Engineering, and Legal. The right candidate is a highly motivated, energetic, and experienced individual who will have a significant impact on Draper in preparing journal entries, analyzing account activity fluctuations, preparing account reconciliations and issuing financial reports.


    Responsible for accounting associated with fixed assets, ensuring fixed asset capitalization follows Draper's capitalization threshold, managing construction in process (CIP) activity and closing ERP modules monthly.
  • Coordinate with programs, engineering, and facilities on placing assets into service.

  • Record all necessary journal entries related to fixed assets and depreciation activities.

  • Process fixed asset transfers as appropriate.

  • Record all necessary journal entries associated with precious metals inventory.

  • Ensure monthly close work is complete in accordance with closing schedule, including all necessary month-end journal entries.

  • Independently perform balance sheet and income statement fluctuation analyses to ensure accuracy, perform route cause analysis, and perform necessary adjustments.

  • Prepare and distribute daily, weekly, and monthly financial reports as required.

  • Prepare monthly account reconciliations on balance sheet accounts. Perform route cause analysis for outliers/inconsistencies and recommend adjustments.

  • Actively participate and support interim and annual financial audits (Financial Statements, Uniform Guidance, etc.).

  • Develop and maintain critical policy and procedure documentation related to specific accounting processes.

  • Support ERP system upgrades.

  • Actively collaborate with team members and other internal stakeholders within finance organization.

  • Performing other accounting duties and supporting other staff as required or assigned.


  • Education: Bachelor's Degree (B.A./B.S.) or equivalent in Accounting. MBA a plus but not required.

  • Experience:

    • 4 or more years of accounting experience with a large company

    • An equivalent combination of education and experience may be accepted as a satisfactory substitute for the specific education and experience listed above

  • Certification/Licensure: CPA preferred but not required

  • Other:

    • Knowledge of database structures for data extraction from PeopleSoft or equivalent ERP system; advanced Excel skills needed.

    • Strong oral and written communication skills necessary, as is ability to cultivate critical inter- and intra-departmental working relationships, foster an environment of cooperation and trust and effectively meet deadlines while providing a high level of customer service

    • A demonstrated ability to be proactive and forward thinking in a fast-paced environment.

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