Director of Fixed Assets and Leases

Director of Fixed Assets and Leases

Position Overview

Responsible for leading the fixed asset and lease accounting functions while ensuring compliance with GAAP, including ASC 842 lease accounting standards. This role oversees the coordination of capital expenditure processes through AFE (Authorization for Expenditure) management.

Key Responsibilities

Fixed Asset Management

Direct the accounting and reporting of all fixed assets, ensuring accurate capitalization, depreciation, and disposal

Oversee monthly close processes related to fixed assets, including journal entries, reconciliations, and reporting

Maintain fixed asset subledger and ensure integration with general ledger

Lead physical inventory processes and asset verification programs

Monitor construction in progress (CIP) and manage timely asset capitalizations

Lease Administration

Oversee lease accounting operations and compliance with ASC 842 standards

Manage lease portfolio including real estate, equipment, and other leased assets

Review and approve lease classifications, modifications, and terminations

Ensure accurate lease payment processing and liability calculations

Coordinate with Real Estate and Operations teams on lease matters

AFE Coordination

Develop and maintain AFE policies and procedures

Review and validate capital expenditure requests

Coordinate AFE approval process across multiple stakeholders

Track project spending against approved AFEs

Provide regular reporting on capital spending and project status

Ensure proper capitalization of completed projects

Leadership & Analysis

Manage and develop fixed asset accounting team, including with offshore support

Provide analysis of capital spending and asset utilization

Collaborate with external auditors during annual audits

Develop and maintain documentation of processes and controls

Identify and implement process improvements and automation opportunities

Qualifications

Required

Bachelor's degree in Accounting or Finance

10+ years of accounting experience with 5+ years in fixed asset accounting

Strong knowledge of US GAAP and lease accounting standards

ASC 842 experience

Experience with ERP systems and fixed asset software

Advanced Excel skills

Preferred

CPA certification

Master's degree in Accounting or related field

Background in manufacturing or retail industries

Project management experience

Skills & Competencies

Strong analytical and problem-solving abilities

Excellent communication and interpersonal skills

Detail-oriented with strong organizational capabilities

Ability to manage multiple priorities and meet deadlines

Leadership and team development experience

Process improvement mindset