Fixed Asset Analyst

Job Description

Fixed Asset Internship | Hire Point Recruiting

The Tone:
This is an internship at Hire Point Recruiting. The role is central to maintaining the financial integrity of the company’s fixed assets. This individual plays a crucial part in ensuring accurate financial records, supporting key financial reporting processes, and upholding compliance with accounting standards and company policies. The work directly impacts month-end close, financial reporting, and audit activities by providing reliable asset data.

The TL;DR
• Role: Internship
• Team: Collaborates closely with Accounting, Finance, Operations, and Procurement teams.
• Mission: To maintain accurate fixed asset records, ensuring correct capitalization, depreciation, and disposal of assets in compliance with GAAP and company policies.
• Tech Stack: ERP implementations

What You’ll Actually Do
• Maintain: Manage the fixed asset subledger by processing additions, disposals, transfers, and retirements accurately.
• Record: Document and reconcile fixed asset transactions, ensuring full adherence to company policies and U.S. GAAP.
• Calculate: Compute and review the monthly depreciation expense, then prepare the necessary journal entries for recording.
• Reconcile: Perform monthly comparisons to ensure consistency between the fixed asset subledger and the general ledger.
• Monitor: Oversee Construction-in-Progress (CIP) projects and ensure timely capitalization of these assets once projects are completed.

The Must-Haves
• Background: Academic coursework in areas such as Financial Accounting, Cost Accounting, Auditing, or Corporate Finance.
• Experience: Previous internship, co-op, or general accounting experience is preferred but not a mandatory requirement for this role.
• Skills: Ability to maintain a fixed asset subledger, record and reconcile transactions, calculate depreciation, perform ledger reconciliations, and determine appropriate capitalization treatments.
• Bonus: Demonstrated interest in fixed asset accounting, inventory management, internal controls, and opportunities for process improvement.