Fixed Asset Accountant

Fixed Asset Accountant at Culbertson Resources Inc Fixed Asset Accountant at Culbertson Resources Inc in Magnolia, Texas Posted in 28 minutes ago.

Type:

full-time

Job Description:

POSITION SUMMARY

Seeking an experienced Fixed Asset Accounting Specialist to join its corporate accounting team in The Woodlands. This role is critical to maintaining the integrity of the company's fixed asset sub-ledger across a large, multi-segment project portfolio. The ideal candidate brings deep, hands-on expertise in lease accounting under ASC 842, depreciation methodology, and capitalization policy and thrives in a high-volume, project-driven environment. This is a highly visible individual contributor role with real impact on financial close quality and audit readiness.

KEY RESPONSIBILITIES

Maintain and reconcile the fixed asset sub-ledger; ensure accuracy of asset additions, disposals, transfers, and impairments across all business segments Apply and enforce capitalization thresholds and policies in accordance with GAAP and company guidelines; evaluate project costs for capitalize vs. expense treatment Manage the full lease accounting lifecycle under ASC 842: abstract lease agreements, calculate ROU assets and lease liabilities, record monthly journal entries, and maintain the lease schedule Calculate and record monthly depreciation and amortization across multiple depreciation methods (straight-line, MACRS, units-of-production); research and apply appropriate useful life and salvage value determinations Prepare fixed asset rollforward schedules and supporting documentation for monthly, quarterly, and annual close Support internal and external audit requests; prepare audit-ready workpapers and respond to auditor inquiries related to PP&E and lease obligations Coordinate with project managers, procurement, and operations teams to track capital project spend, CIP balances, and asset-in-service dates Assist in reviewing contracts for embedded lease identification and proper accounting treatment under ASC 842 Support implementation of process improvements, system enhancements, or policy updates related to fixed asset management Prepare schedules and disclosures for 10-Q and 10-K filings as they relate to PP&E and lease footnotes

REQUIRED QUALIFICATION

Bachelor's degree in Accounting, Finance, or related field 3-7 years of progressive accounting experience with a significant focus on fixed assets Demonstrated hands-on experience with ASC 842 lease accounting - both operating and finance leases Strong working knowledge of GAAP depreciation rules, capitalization standards, and useful life policies Experience with fixed asset software (e.g., Sage Fixed Assets, FAR, or ERP-integrated modules such as Oracle, SAP, or Viewpoint Vista) Proficiency in Microsoft Excel including pivot tables, VLOOKUPs, and reconciliation workbooks Ability to work independently, manage competing priorities, and meet close deadlines in a fast-paced environment Strong attention to detail and analytical mindset; able to identify discrepancies and drive resolution

PREFERRED QUALIFICATIONS

Experience in construction, infrastructure, or project-based industries Strong knowledge of Fixed Asset Accounting, Lease Accounting and Capitalization and Depreciation rules. Experience supporting SEC reporting (10-Q/10-K PP&E and lease disclosures) Exposure to multi-entity or multi-segment accounting environments Experience with Viewpoint Vista or similar construction ERP is a plus