Fixed Asset Analyst

About the role

Lumos Fiber is seeking an analytical and detail-oriented Fixed Asset Analyst to support the financial management of capital projects and fixed assets across our growing organization.

Responsibilities

• Manage the fixed asset and Construction in Progress (CIP) process from capital project setup through project closure and asset capitalization.
• Review construction project activity to ensure proper coding, capitalization treatment, and financial accuracy in accordance with company policy and GAAP.
• Partner closely with the Construction and Operations teams to review project details, resolve coding issues, and improve financial data quality.
• Prepare month-end journal entries, supporting schedules, and reconciliations related to fixed assets, depreciation, inventory, and capital expenditures.
• Perform detailed account analysis and variance analysis for fixed asset and capital-related accounts and communicate findings to management.
• Prepare monthly CAPEX reporting packages to support accounting close.
• Complete Fixed Asset, CIP, and Inventory account reconciliations accurately and timely for high-value fixed asset and project-related accounts.
• Research and resolve accounting discrepancies, system issues, and transactional variances within the general ledger and related systems.
• Maintain accurate fixed asset records and ensure compliance with accounting policies and capitalization guidelines.
• Investigate system-related issues impacting fixed asset reporting processes and collaborate with business partners to identify solutions.
• Identify opportunities to improve workflows, reporting accuracy, automation, and operational efficiency across fixed asset accounting functions.
• Serve as a resource to field and operational teams regarding accounting processes, capitalization guidance, and project coding questions.
• Auxiliary in developing and maintaining internal controls, procedures, and documentation related to fixed assets accounting.
• Support internal and external audit requests related to fixed assets, CIP, and inventory.
• Assist with year-end reporting and audit schedules.
• Participate in special projects, reporting initiatives, and process improvement efforts as assigned.

Requirements

• Strong understanding of fixed asset accounting, capitalization policies, GAAP, and month-end close processes.
• Ability to manage responsibilities independently while collaborating across departments.
• Experience analyzing large datasets and identifying trends, discrepancies, and process improvement opportunities.
• Strong systems aptitude with the ability to investigate issues, improve workflows, and support system enhancements.
• Excellent analytical, organizational, and problem-solving skills.
• Strong communication skills with the ability to work effectively with both accounting and non-accounting personnel.
• Advanced Excel skills required.
• Experience with NetSuite, including the Fixed Asset module, strongly preferred.
• Ability to adapt to changing business needs and manage multiple priorities in a fast-paced environment.
• Detail-oriented with strong ownership and accountability mindset.

Knowledge, Skills, and Abilities Required

• Bachelor’s degree in Accounting required.
• CPA preferred.
• 4+ years of fixed asset, project accounting, or related accounting experience.
• Telecom industry experience preferred.

Physical Requirements

• Ability to remain in a stationary position for extended periods of time.
• Ability to operate standard office equipment including computers and phones.
• Ability to communicate effectively in a virtual and team-based environment.