Senior Accountant - Fixed Assets

Senior Accountant - Fixed Assets

The Senior Accountant - Fixed Assets is responsible for managing the financial aspects of capital expenditures, ensuring accurate recording of transactions and compliance with IAS16 and LVMH Group accounting policies. This position will also serve as the subject matter expert in fixed asset accounting and related internal controls, with direct responsibilities of ensuring the accuracy and integrity of the Companies' fixed asset records for US and Canadian operations and indirect responsibilities of support the international markets. The Senior Accountant Fixed Assets will lead the month-end and year-end processes for fixed assets, which include analyzing and providing insightful commentary for Balance Sheet and Profit & Loss fluctuations, assessing cash flow statement impacts and preparing all required audit schedules. They will also participate in departmental and company-wide projects and initiatives. This position requires a strong command of technical accounting principles, with the ability to analyze guidance and draft accounting positions. Additionally, this position requires a dynamic and collaborative individual with sharp analytical and decision-making skills, capable of cultivating effective partnerships with our global finance community.

This position follows a hybrid schedule requiring 4 days in-office at our Whippany, NJ location and 1 day remote.

Key Accountabilities

Responsible for the day-to-day North America fixed asset accounting process, which includes:

• Manage the capitalization and movement of fixed assets, which includes accounting for additions, transfers, splits, disposals, accelerations and impairments, while ensuring compliance with company policies and relevant accounting standards.
• Maintain the fixed asset subledger to accurately record asset costs, accumulated depreciation, depreciation expense, depreciation start dates and useful lives.
• Execute monthly depreciation calculations and postings.
• Review internal software costs and cloud computing arrangements under applicable accounting guidance to determine appropriate accounting treatment.
• Calculate capital expenditure accruals for work performed but not yet billed.
• Collaborate with North America Finance, Global Store Development, IT and other business partners to track Construction in Progress (or "CIP") listings and project go-live dates.
• Conduct thorough and timely account reconciliations for all assigned areas, proactively identifying, investigating, and resolving any discrepancies to maintain data integrity. This includes reconciling the fixed asset subledger to the general ledger.
• Prepare and analyze fixed asset roll-forwards and reconciliations to the capital projects database, providing clear explanations for variances.
• Partner with the FP&A team to review the annual capital plan and unplanned capital projects to ensure compliance with Tiffany and LVMH accounting policies.
• Support the tax team in their procedures by providing necessary documentation.

Responsible for the global oversight of international fixed asset accounting processes, which includes:

• Serve as the primary global point of contact for international Finance teams, offering expert support, guidance and timely resolution for all fixed-asset related inquiries.
• Maintain robust standard operating procedure documentation, establishing the "core model" for markets onboarding the JDE E1 ledger.
• Serve as a key member of the project team responsible for onboarding new markets on JDE E1, which involves reviewing system set-up, leading training, participating in testing and supporting go-live and hyper care activities.

Responsible for executing monthly, quarterly and annual financial close processes and support external audits by completing assigned analysis, including:

• Analyze Balance Sheet and P&L variations, which include the preparation of commentary for the US and Canada fluctuations, as well as the review of international variations commentary.
• Prepare a consolidated Balance Sheet slide used in a Financial Review booked with upper management, which includes analysis quarter over quarter of spend by asset class.
• Prepare fixed asset roll forward for the US and Canada and review fixed asset roll forwards for all markets and entry into SyRUS during quarters and hard closes.
• Responsible for the submission of taxonomy reporting to LVMH group.
• Support internal and external auditors on requests relating to PP&E.

Participate in special projects and drive continuous improvement initiatives:

• Partnering with technical accounting to ensure the fixed asset accounting policies and related standard operating procedures are up to date and executed globally.
• Supporting ongoing system upgrades, enhancements and maintenance of financial systems and supporting initiatives as the subject matter expert.
• Explore and propose solutions for using automation to reduce efforts in manual calculations.

Required Qualifications

• Bachelors of Science degree in Accounting
• 4+ years of public and/or private accounting or related experience
• Experience with IAS 16 Property, Plant and Equipment
• Excellent oral, written, listening and analytical skills
• Strong organizational and time management skills
• Must be fluent in Excel and should have strong PC skills
• Must be willing to work flexible hours during monthly, quarterly and year-end closings, as well as for special assignments when requested

Preferred Qualifications

• Certified Public Accountant and/or Big 4 experience
• Experience in financial systems such as JD Edwards and Hyperion Financial Management
• Experience in managing fixed assets and/or fixed asset depreciation calculations
• Experience in Retail

The hiring range for this position ranges from $92,000 - $110,000. The rate of pay offered will be dependent upon candidates' relevant skills and experience.

Tiffany & Co. is formed from many facets - talented people who make our community stronger with their creativity, perspective, and lived experience. Creating an inclusive workplace and workforce where everyone belongs is at the core of our values. We're committed to creating a more inclusive jewelry industry that empowers people of all backgrounds to shine and evolve to new heights. We believe reaching your full potential requires a solid foundation, and your well-being is a central pillar. Eligible Tiffany employees are offered comprehensive benefits, including global benefits like adoption and surrogacy assistance, and parental leave, as well as programs that support mental, emotional, physical, and financial well-being. We also offer competitive pay, medical, dental, and vision insurance, 401(k) plans with company match, paid time off, alongside other meaningful employee offerings. The Company provides equal employment opportunities to all employees and candidates for employment without regard to age, race, religion, color, national or ethnic origin, alien or citizenship status, sex, marital status, sexual orientation, gender identity, gender expression, pregnancy, disability, or military/veteran status. Tiffany is committed to working with and providing reasonable accommodation to applicants with disabilities.