Fixed Assets (Sr.) Accountant

Express is the preferred young, sexy, and sophisticated designer brand for work and casual wear among fashion-forward young women and men. We have more than 20,000 associates, operate more than 580 retail outlets in the United States and generate $1.8 billion in sales annually. As a privately-held, freestanding business with offices in Columbus, Ohio and New York City, Express is one of the ten largest specialty retail brands in the country.

The Fixed Asset Senior Accountant is responsible for all aspects of accounting for fixed assets.  This includes the maintenance of a complete and accurate record of company fixed assets, determination of appropriate classifications, life, depreciation, and corresponding financial transactions and reporting for book and tax in accordance with company policy, GAAP, State and Federal tax authorities.  The Fixed Asset Senior Accountant participates in the monthly close preparing necessary journal entries for additions, disposals, and depreciation, in addition to reconciling the Fixed Asset detailed information to the General Ledger. This position includes responsibilities for budgeting, forecasting and other various reporting and analysis required for audit, tax, and management of the business.  In addition, the Fixed Asset Senior Accountant interacts with many key areas of the business including Tax, Store Operations, Store Design & Construction, and external service providers. 

Participate in establishing Express fixed asset management and accounting policies and procedures in accordance with Generally Accepted Accounting Principles (GAAP), Federal tax laws, state & local income tax laws and state & local property tax laws.Support selection and implementation of fixed asset management system to ensure design and implementation delivers data required for financial reporting and tax compliance.Develop procedures and controls related to the transition of fixed asset management in connection to the above implementation, including written process documentation.  Provide ongoing oversight and maintenance of the fixed asset management system to ensure compliance with GAAP.   Consults with internal and external tax authorities to ensure compliance with tax laws.  Assess potential impact, if any, of IFRS.Drive continuous improvement of all fixed asset processes and systems.Evaluate submissions for capitalization against company policy, GAAP, and tax authorities; determine appropriateness of capitalization, classification, useful life, and basis.  Process additions into the fixed asset system accordingly in a timely and accurate manner.Process opening estimates for Store Design & Construction in the fixed asset system.  Coordinate cost segregation studies with external service provider.  Reconcile upload when received from service provider, transfer opening estimates into appropriate new asset lives, and upload final reconciled assets to the Fixed Asset system.Process disposals based on information provided by various areas of the business.  Provide information on the financial impact of disposals as requested.Maintain the values and useful lives of assets according to company policy, GAAP, and tax authorities, including acceleration and impairment.Process monthly depreciation in the fixed asset and ensure accurate calculations.Participate in the close process, preparing journal entries for related fixed asset activity.  Reconcile, monitor, and analyze fixed asset accounts.  Prepare related support schedules and explains fluctuations to prior month and prior year.  Participate in monthly meetings to review schedules with management. Prepare forecasting and budgeting as needed by the businessPrepare roll forward schedules and other reporting as needed for book, tax, and audit purposes.Complete special projects as assigned to fulfill informational requirements of senior management.REQUIRED KNOWLEDGE/SKILLS:Possess strong accounting technical knowledge, with specific understanding of fixed asset accounting for both book and tax, including a deep understanding of:Asset capitalization rules for GAAP and tax complianceGAAP depreciation and financial reporting related to fixed assetsData required to support filing of federal tax forms 4562, 4626, and 4797Income tax data requirements related to fixed assets, including state and local apportionment and tax credits related to fixed assetsTax depreciation lawsProperty tax calculations and data required to accurately calculate taxesPossess ability to formulate and write custom queries and custom reports in fixed asset system to support financial reporting, tax compliance, tax audits, and business operationsUnderstand system, process, and accounting controls to ensure accurate recording and maintenance of fixed asset dataPossess ability to develop and implement new business processes and write concise process documentationPossess strong attention to detail coupled with analytical skills Possess ability to manage time effectively and efficiently Possess above average written and verbal communication skills Possess strong organizational skills Possess PC skills including MS Excel, Word, Access a plus Possess ability to work independently or effectively with others on a teamREQUIRED EDUCATION/EXPERIENCEBachelor's degree in Accounting or equivalent experience.Three to five years of accounting in a medium to large corporation or in public accounting, with specific experience related to fixed assets. Multi-state and/or multi-book experience a plus.

An equal opportunity employer, Express, LLC does not discriminate in hiring or terms and conditions of employment because of an individual's race, color, religion, gender, national origin, citizenship, age, disability, sexual orientation or marital status. Express, LLC only hires individuals authorized for employment in the United States.
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