The Capital A&F Associate Analyst is a key member of the FIBI NA BOSC finance team. This staff accountant position is with the FIBI NA COE shared service Capital Project Accounting Team. This team services multiple FIBI businesses and locations which include: SSNA, CTS, SSO, CCNA and will be migrating GEOS, Malt and CIS activity by end of FY18. The team is centralized in 2 locations (Blair, NE and Eddyville, IA). Each position supports one or more locations and/or business depending on size of the capital spend. Under direct supervision, this role will:
Implement and provide support to the development of PPE (property, plant and equipment) procedures. Identify areas for continuous improvement across these processes.
Ensure proper GAAP and U.S. tax accounting for FIBI Businesses’ fixed assets and capital spending.
Utilizing thorough knowledge and application of PPE policies and procedures, mentor and train stakeholders within FIBI on these policies. This includes proper commitment submissions, construction contract requirements, determining capital v. expense classifications, and sales and use tax application in multiple states.
Partner with FIBI stakeholders in the engineering and accounting functions as well as Corporate functions such as CBS, FP&A, Tax and Law to ensure capital spending and fixed assets are controlled and accurately accounted for.
Coordinate and ensure compliance for controls related to contractor activity, bidding, purchase orders, and sourcing requirements (including execution of necessary boiler plate construction contracts).
Provide input and support for management and financial reporting related to capital spending and fixed assets.
Initiate all fixed asset records for the FIBI NA businesses.
Executes on accounting policies and procedures for capitalization of costs to fixed assets. Applies knowledge of GAAP and U.S. Tax guidelines when grouping of costs into proper separate identifiable assets, accurate application of profiles to ensure correct GAAP book depreciation, proper application of appropriate tax adjustments per tax law for bonus or incentive eligible assets. Manage all property listings for Businesses and ensure yearly review of listing to make appropriate retirements.
Provide support, training and instruction to engineering group on project management, internal controls and cap v exp guidelines. Collaborate in meetings with site engineering, maintenance and accounting representatives to advise and apply knowledge of accounting policies and procedures to ensure project costs are properly classified in the financial statements.
Application of internal control framework knowledge through execution of all contracts for labor and equipment purchases $250,000 or larger (as required per policy). Ensure risks are mitigated and controls are enforced for these transactions which include advance payment, insurance, bonding, UCC-1 financing documents and lien waiver requirements.
Consultation and collaboration with appropriate corporate resources to ensure proper internal control framework is adhered to. Collaborates with the law department consultation on terms and conditions negotiation and lien waivers, insurance department on proper insurance limits and guidelines as well as bonding processes, tax department on tax depreciation, property tax, and sales/use tax guidelines, corporate FP&A for capital v expense interpretation and property system items.
Monitor capital spending. Perform monthly record to report accounting duties of p&l and balance sheet reconciliations including generation of journal entries for depreciation and project spending accruals.
Tracking of compliance to controls and policies and procedures with review of projects prior to activation to ensure accurate documentation (required forms, payback calculations, and approvals), capital v expense determination, and understanding of capital assets to be generated to ensure corporate fixed asset materiality levels are followed. Escalation of issues as appropriate
Provides financial reporting on capital spending actual ytd spend, projections, payback and balance sheet support. Ad hoc reporting for locations (property listings, depreciation projections, etc). Tax reporting as necessary for property tax assessments and/or sales/use tax audits.
If selected for an interview, you will be required to submit signed copies of your last two performance reviews. (A completed e-PMP is considered a signed copy.)
This position is posted internally as well as externally
Equal Opportunity Employer, including Disability/Vet.