Fixed Assets and Capital Improvements Accounting Manager

Fixed Assets and Capital Improvements Accounting Manager

Department: Controllers Office - 415100

Minimum Qualifications
Must have one of the following combinations:

• Bachelor’s degree in accounting
• Bachelor’s degree in business or related discipline with 12 credit hours of accounting coursework and 5 years of progressive accounting experience

NOTE: All degrees must be received from appropriately accredited institutions.

License/Certification Required


Preferred Qualifications
Preferred qualifications include:

• Degree and experience in accounting for Capital Improvement projects in either a public university or state agency setting.
• Knowledge of Capital Project planning and tracking processes.
• Familiarity with GASB standards is recommended, along with a thorough understanding of Capital Asset reporting requirements for governmental financial reporting.

Essential Duties and Responsibilities
The Fixed Assets & CI Accounting Manager will be responsible for the accounting, financial reporting, compliance and management of the University’s capital assets and capital improvements. The position will serve on the fiscal year end reporting team and has responsibility for completing portions of the year end ACFR package, University financial statements, and note disclosures. The duties of the Accounting Manager are as follows.

Fixed Assets:

• Manages fixed assets disposal, transfers, and adjustments.
• Reviews and approves the fixed assets monthly reconciliation and completes monthly fixed assets expense elimination entries.
• Leads the journey level accountant to complete asset spot checks, tagging, annual training, annual inventory, and other fixed assets procedures outlined in the System Office Business Process Standards.
• Reviews and implements changes to the University’s fixed asset accounting system.

Capital Improvements (CI):

• Supervises the journey level accountant responsible for processing the weekly CI vendor invoices and weekly reconciliations.
• Completes monthly reconciliation procedures to State budget reports, including reclassification entries, CI monthly reconciliation, work-in-progress, and arbitrage reporting.
• Creates fund and attribute codes, establishes the budgets, and sets up the project tracking sheets for new CI projects, and processes requisitions and budget transfers.
• Maintains positive balances for all capital improvement projects and provides adequate approved allotments of funds.
• Analyzes, reviews, and integrates CI budget related information and guidance received from multiple internal and external offices including the UNC System Office, Office of State Budget & Management (OSBM), Office of State Controller (OSC), as well as the ASU Controller’s Office and Budget Office.
• Serve as a resource to the Office of Design & Construction, Office of Vice Chancellor for Finance & Operations, Budget Office, the University Controller’s Office regarding financial and budgeting matters on capital projects. Collaborates with various stakeholders to resolve accounting, budget, and other related issues.

Financial Reporting & Other Duties:

• Performs the year end fixed assets closing procedures, including but not limited to depreciation calculation and posting, asset useful life evaluation and updates, building inventory, library books, intangible assets, building impairments, and loss on disposal balancing.
• Performs the year end capital improvements procedures, including but not limited to capital improvements close out and balancing to State CI budget reports, review of assets to capitalize (reclassify from construction in progress), CI accounts payable accrual, CI retainage accrual, and construction-in-progress balance reconciliation.
• Serves as a member of the Financial Reporting team within the Controller’s Office and independently completes fixed assets and CI related worksheets, notes, and disclosures.
• Assists the Director of Financial Reporting in implementing new GASB standards and requirements, new policies and procedures, and/or new systems related to fixed assets and capital improvements when needed.
• Special projects and other duties as assigned.

Interviews will include a test of applicant’s working knowledge of the accounting principle needed for this role.

Work Schedule/Hours:Mon-Fri 8:00am-5:00pm with occasional, additional hours to meet necessary deadlines.
Suggested Salary Range: $80,000 - $83,876
Closing Date: 3/25/2024
Open Until Filled: No
Evaluation of Applications Begins: 02/13/2024
Proposed Date of Hire: 03/16/2024

To apply, visit https://appstate.peopleadmin.com/postings/44944

Appalachian State University is an Affirmative Action/Equal Opportunity Employer. The University does not discriminate in access to its educational programs and activities, or with respect to hiring or the terms and conditions of employment, on the basis of race, color, national origin, religion, sex, gender identity and expression, political affiliation, age, disability, veteran status, genetic information or sexual orientation.


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