Accountant - Fixed Assets
Job Description
Accountant - Fixed Asset
Houston, TX - North West Area
100% In-Office (NO hybrid offered)
Our client is adding a newly created Fixed Asset Accountant position to support the increasing complexity of its development portfolio and fixed asset accounting function.
Key Responsibilities:
- Manage the complete lifecycle of fixed and intangible assets, including acquisition, capitalization, depreciation, amortization, transfers, and disposals.
- Determine appropriate in-service dates for newly completed projects and assets.
- Review asset classifications and assign proper depreciation lives.
- Evaluate opportunities for bonus depreciation and other tax-related asset strategies.
- Recommend and assist with cost segregation studies and Section 179D studies.
- Maintain detailed fixed asset records and supporting documentation.
- Reconcile the fixed asset subledger to the general ledger.
- Prepare monthly, quarterly, and annual fixed asset reporting schedules.
- Review construction-in-progress balances and assist with project closeouts.
- Collaborate with development, construction accounting, property accounting, and tax teams regarding asset capitalization and treatment.
- Research historical asset treatment and support asset disposition decisions.
- Analyze potential asset impairments and recommend write-offs when appropriate.
- Support audits, tax reviews, and financial reporting requirements.
- Identify process improvements and enhancements to fixed asset procedures and controls.
- Participate in special projects and strategic tax initiatives as assigned.
Preferred Qualifications:
- Bachelor's Degree in Accounting or Finance required.
- Minimum 5 years of accounting experience, preferably with fixed asset accounting responsibilities.
- Depreciation methodologies
- Capitalization policies
- Asset disposals and write-offs
- Cost segregation concepts
- Experience working with fixed asset management software.
- Yardi experience is a plus.
- Strong analytical, research, and problem-solving abilities.
- Previous fixed asset accounting experience within real estate development, property management, or commercial real estate organizations preferred.
- Demonstrated ability to research complex accounting and tax treatment issues and make sound recommendations.
- Must be able to successfully pass a credit check as part of the pre-employment process.
HOUWD51
Meet The Recruiter
Meredith Clem
District Manager / Senior Recruiter
A proud graduate of the University of Texas, Meredith joined Burnett Specialists and has spent her career representing companies and candidates across the great state of Texas.
Meredith is honored to have touched the businesses she has provided professionals to throughout her career, and she strives to always offer positive guidance to the candidates she represents to help them to make the best decisions to grow their careers.
Favorite quote: “Success is not final, failure is not fatal: it is the courage to continue that count.” – Winston Churchill
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