Capital Assest Accountant

Role Description

Prepare appropriate reporting, analysis, and consultation to customers related to capital SERs, SCPs and SORs based on company policy and GAAP requirements. Lease accounting as per ASC 842. Interface with process suppliers and customers in order to ensure compliance with established policies and procedures. Work closely with functional and IT teams to understand the intricacies of the asset accounting system to further promote process improvement. Stay abreast of current accounting standards and interpret the impact on capital asset accounting for Eastman.

Key Responsibilities

• Set up and monitor SERs, SORs and SCPs.
• Capitalize and verify asset data in SAP ERP using the asset module.
• Ensure company policy and GAAP rules are applied to capital related decisions.
• Liaison with engineering, tax department and maintenance on capital issues and audits.
• Provide support to integrating new SAP companies into Capital asset module.
• Lease accounting as per ASC 842
• Contribute to the completion of departmental initiatives to increase efficiency and overall effectiveness of the Asset Accounting Group.
• Analyze indirect inventory levels, make necessary inventory reserve and re-class entries and report changes to management.
• Load and unload indirect inventories in support of M&A activities.
• Responsible for annual governmental reports on HSE and environmental issues.
• Submit monthly depreciation forecasts and plan annual depreciation in all cost centers during the ABP process.
• Support special project work when assigned.
• Understand the Financial error tracking system and report any relevant items.
• Eliminate accounting surprises with timely reporting of capital asset issues.

Basic Qualifications

• Bachelor of Business Administration - Accounting and Master of Accountancy
• Proficient with SAP FICO.
• Accounting background with good knowledge in Lease Accounting as per ASC 842
• Good written and oral communication skills
• Able to identify problems and deficiencies
• Proficient in the use of Microsoft Application Software
• Analytical mindset
• Ability to work independently and handle multiple assignments and projects
• Possess understanding of company, major product lines, general product flow and organizational structure.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.