****This position is located in Chattanooga, TN (relocation provided)
ABOUT THE POSITION
Provides management with financial information by tracking, analyzing, and reporting on fixed assets. Works closely with cross-functional teams as required. Responsible for maintaining an up-to-date asset register, performing asset valuations, and supporting asset-related financial reporting processes so that Astec can maintain a competitive edge.
Key Deliverables:
Properly record newly acquired fixed assets, tracking of existing assets and work with project leads to ensure capitalization of CIP in a timely manner
Maintain accurate records of all fixed asset transactions, including acquisitions, disposals, transfers, and depreciation.
Close the domestic fixed asset subledger at month-end and record depreciation expense, additions, and disposals.
Conduct regular reconciliations to ensure that the fixed asset ledger aligns with the general ledger and the nonfinancial information submitted in the financial statement consolidation.
Prepare monthly and quarterly reports for management's review and financial reporting.
Research and interpret data to resolve accounting and financial questions.
Key Activities & Responsibilities:
Maintain all aspects of the fixed asset ledger, for both financial reporting and tax purposes.
Coordinate and record fixed asset transactions, including additions, adjustments, transfers, and disposals. Ensure proper accounting treatment, capitalization thresholds, and approvals are in place.
Track capital spend for on-going projects, helping management to understand current spending and to project future spending.
Coordinate the capitalization of construction-in-progress assets for timely in-production dates
Assist with periodic physical inventory counts of fixed assets, including any adjustments required as a result of the count.
Develop and implement accounting procedures by analyzing current procedures, recommending changes.
Compliance with all accounting policies and procedures and Sarbanes Oxley requirements as well as preparing necessary SOX documentation.
Support the FASB lease accounting standards.
Stay updated on relevant accounting standards and regulations to ensure full compliance in asset accounting practices.
Provide support for any fixed asset audits as needed.
To be successful in this role, your experience and competencies are:
Bachelor's Degree (B.A. or B.S) from an accredited University or College
General accounting experience preferred.
Strong understanding of United States Generally Accepted Accounting Principles (GAAP), fixed asset and lease accounting, and general ledger transaction recording and reconciliation.
Strong communication and interpersonal skills.
Detail oriented, organized, and self-motivated.
Demonstrate ability to manage multiple tasks at once.
Proficient with Microsoft Office Suite or similar software, and accounting software.