Fixed Asset (FA) Accountant

Job Description

Accountant – Fixed Assets | Michaels Stores

The Tone:
This is a full-time role at Michaels Stores, located in Irving, Texas. Michaels is North America’s leading destination for creativity and celebration, operating over 1,300 stores across 49 states and Canada, and owning Artistree, a manufacturer of custom framing merchandise. This Accountant position is critical for maintaining the accuracy and integrity of the fixed asset sub-ledger, ensuring financial statements are complete and compliant with existing controls, policies, procedures, and Sarbanes-Oxley regulations. The role directly contributes to the financial health and regulatory adherence of a large retail and manufacturing organization.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, Irving, TX

• Team: Reports to the Senior Accountant – FA Supervisor.
• Mission: To uphold the data integrity of the fixed asset sub-ledger, prepare precise financial work papers, and ensure continuous adherence to financial controls, policies, and SOX compliance for accurate financial reporting.
• Tech Stack: Oracle Projects module, Oracle Fixed Asset Module, Oracle Financials (or similar large ERP), Microsoft Excel.

What You’ll Actually Do
• Capitalize Expenditures: Collaborate with internal IT groups to ensure accurate capitalization of project expenditures immediately upon their completion, maintaining the integrity of the fixed asset records.
• Reconcile & Analyze Capital Projects: Perform comprehensive reconciliation and in-depth analysis of various Capital Projects, actively researching and resolving any discrepancies encountered to ensure data accuracy.
• Prepare Analytical Work Papers: Develop and compile detailed analytical work papers, including those required for Corporate Tax schedules, external audit engagements, monthly variance analysis, and asset roll-forwards.
• Perform Monthly Journal Entries: Execute all necessary monthly journal entries related to fixed assets, encompassing accruals, re-classifications, and adjustments, to maintain precise financial records.
• Manage Asset Base & Reconciliations: Conduct thorough analysis of the company’s asset base, coordinating with business partners for asset transfers or retirements, and perform reconciliations of assigned balance sheet accounts, investigating increases or decreases in asset levels.

The Must-Haves
• Background: A Bachelor’s degree in Accounting is the minimum educational requirement for this early-career position. Candidates should possess foundational knowledge of U.S. Generally Accepted Accounting Principles (GAAP) and Sarbanes-Oxley (SOX) compliance.
• Experience: This role requires zero to two years of professional accounting experience, ideally with some exposure to corporate financial environments.
• Skills: Demonstrated proficiency in Microsoft Excel is essential. Candidates must also have a working understanding of U.S. GAAP principles and familiarity with Sarbanes-Oxley (SOX) regulatory requirements.
• Bonus: Preferred qualifications include a Master of Accountancy degree, professional certification such as CPA or CMA, or prior experience utilizing Oracle Financials or another large Enterprise Resource Planning (ERP) system.