Asset Accountant

About the role

This position exists to monitor, record, track, depreciate, and safeguard the University’s fixed assets. It is responsible for proposing University policy regarding fixed asset procurement and tracking. Using Workday and Excel, this position reviews and reconciles all fixed asset purchases, and conducts annual inventory. Additionally, it is responsible for analyzing lease agreements and making the determination of operating leases vs. capital leases by applying GAAP and GASB standards. The Fixed Asset Accountant is also responsible for reviewing, reconciling and ensuring compliance with all debt obligations.

Responsibilities

• 25%: Draw funds from the State for State-funded capital projects by working in the State’s financial system CORE and in Workday.
• Record draws from State and reconcile projects balances to CORE.
• Monitor state financial reports such as the OSC-011, 019.
• Approve invoices and purchase order documents for capital projects, bonds and leases, ensuring the correct worktags are used, and the payments are in alignment with the respective projects.
• Record all necessary entries to the fixed assets system and general ledger for the plant funds.
• Ensure all bond payments for principal and interest are made in a timely manner, and submits requests for bond subsidies from the federal government.
• Request and post all internal transfers as they relate to the bond payments.
• Process accruals for bond interest (and subsidies) and fund transfers to cover all bond payments.
• Make determinations of what is a GASB 87 or 96 lease or a short term lease, calculate present values, as well as track according to procedures in alignment with all leases according to GA