Associate, Fixed Assets

Role Overview: As the Associate Fixed Assets and Projects at Saks Global, you will be responsible for managing and maintaining the fixed assets register and supporting capital project accounting. Your role will involve asset capitalization, depreciation, project tracking, reporting, and ensuring compliance with accounting policies and standards. You will work closely with the procurement, project management, and finance teams to ensure accuracy in asset-related financial data. Additionally, you will play a key role in ensuring the accuracy and integrity of financial records, leading month-end close activities, and supporting reporting and compliance requirements. Key Responsibilities: - Maintain and update the fixed assets register in compliance with internal policies and applicable accounting standards (e.g., IFRS/GAAP). - Process asset additions, transfers, disposals, and impairments. - Review and reconcile fixed asset sub-ledger to general ledger regularly. - Monitor and calculate monthly depreciation and ensure timely posting to the GL. - Track capital expenditure (CapEx) against budgets and approved projects. - Prepare project status and cost reports for finance and leadership teams. - Support project closure processes, ensuring completed projects are capitalized or closed promptly. - Prepare and post journal entries related to fixed assets and project accounting. - Oversee month-end, quarter-end, and year-end close processes for real estate accounting. - Prepare and review balance sheet and P&L reconciliations. - Analyze financial data and variances, providing insights and resolving discrepancies. - Support internal and external audits by preparing schedules, reconciliations, and documentation. - Ensure compliance with corporate accounting policies, procedures, and internal controls. Qualifications Required: - Bachelor's degree in accounting, Finance, or a related field. - 1-2+ years of relevant experience in fixed assets accounting, project cost control, and general ledger or financial accounting roles. - Strong knowledge of accounting standards (IFRS/GAAP) and internal controls related to fixed assets. - Experience with ERP systems (e.g., SAP, Oracle, NetSuite) and fixed asset modules. - Proficient in MS Excel (Pivot tables, VLOOKUP, data analysis). - Strong communication and organizational skills. - Experience in multinational or shared services environments. - Exposure to financial reporting tools (e.g., Hyperion, Power BI). Additional Details: At Saks Global, you will have the opportunity to work in a dynamic, fast-paced environment at a company experiencing growth and transformation. You will also be exposed to rewarding career advancement opportunities across the largest multi-brand luxury retailer, from retail to distribution, to digital or corporate. A comprehensive benefits package is available for all eligible full-time employees, including medical, vision, and dental coverage. Saks.com is an equal opportunity employer that celebrates diversity and is committed to creating an inclusive environment for all employees.,