Sr. Accountant (Fixed Assets & Inventory)

Job Description

Job Description

Overview

Who we are—

Transcat is a dynamic, innovative, growing company that has been recognized as the leading calibration and compliance services provider in North America and beyond.  With over 1,000 employees—in technical, consulting, operational, sales, finance, and corporate roles—we have stood the test of time by delivering on our Trust in Every Measure promise to our customers in vital industries, including life sciences, aerospace, defense, energy, and utilities.  We fulfill this promise through our employees, who live Our Values every day, the Transcat Way.  Our employees are at the center of the rewarding, challenging, and life-changing work we do for our customers and those they serve.  Are you ready to join a company where the work you do makes a difference, and where you can grow in your career? 

Here’s what Transcat has to offer—

• Work that matters
• A values-based culture where people care about each other and the work they do together
• Flexibility
• Training and development to accelerate learning and career advancement
• Competitive compensation and benefits, including paid time off, health insurance, tuition reimbursement, retirement, stock purchase plan, and MORE!

Position Summary

The Senior Accountant – Fixed Assets & Inventory plays a critical role in ensuring the accuracy, integrity, and SOX compliance of the Company’s fixed asset, rentals and inventory accounting processes. This position owns key balance sheet areas, executes and documents SOX controls, and serves as a primary audit contact. The role is well‑suited for a Big 4–trained professional with strong technical accounting, internal controls, and public company experience.

Responsibilities

• Fixed Assets & Inventory Accounting
  • Own fixed asset and inventory accounting processes in accordance with US GAAP and company policies
  • Maintain fixed asset subledger including capitalization, depreciation, impairments, transfers, and disposals
  • Ensure appropriate asset classification and capitalization thresholds through cross-functional partnership
  • Oversee inventory valuation, reserves, and obsolescence
  • Perform monthly subledger-to-GL reconciliations
  • Analyze and explain period-over-period variances and estimates
  • Prepare fixed asset roll forward to support cash flow reporting
  • Perform the monthly useful life review ensuring new fixed assets are entered into Sage in accordance with US GAAP and company policies
  • Maintain tax ledgers for fixed assets
• Capital Expenditures, Approvals & ROI Oversight (New Section)
  • Own accounting oversight for capital expenditure (CapEx) activities, ensuring compliance with capitalization policies and approval thresholds
  • Partner with Finance, Operations, and business leaders to support CapEx request reviews, approvals, and financial justification
  • Track approved CapEx projects against budget, timing, and spend; investigate and resolve budget to actual variances
  • Maintain CapEx schedules and reporting to support management review and forecasting
  • Ensure CapEx activity is accurately reflected in fixed asset records and financial reporting
  • Support post implementation reviews, including ROI analysis and comparison of actual results to approved business cases
  • Identify risks related to CapEx controls, approvals, or reporting and recommend enhancements
  • Provide audit ready documentation supporting CapEx approvals, capitalization decisions, and ROI assessments
  • Challenge assumptions in CapEx business cases and ensure consistent application of ROI methodologies
• SOX Compliance & Internal Controls
  • Own execution, documentation, and self-assessment of SOX controls related to fixed assets and inventory
  • Prepare and retain audit-quality control evidence
  • Maintain process narratives, risk and control matrices, and desktop procedures
  • Serve as a primary liaison for Internal Audit and External Audit
  • Identify control deficiencies and support remediation plans
  • Support quarterly SOX certifications and management representations
• Financial Close & Audit Support
  • Prepare and review journal entries related to fixed assets and inventory
  • Support month-end, quarter-end, and year-end close in a SOX-compliant environment
  • Prepare audit schedules and technical accounting support
  • Respond to auditor PBC requests with clear documentation
  • Assist in other areas of the accounting close as needed (TMS, leases, etc.)
• Process Improvement & Leadership
  • Drive continuous improvement of accounting processes and internal controls
  • Support ERP implementations or control automation initiatives
  • Apply a strong risk-based mindset to accounting activities
  • Provide guidance and informal mentorship to staff accountants
  • Model the Company’s values to influence others to perform in an aligned manner.
• Other duties as assigned

Qualifications

Required Knowledge, Skills, and Abilities

• Advanced Excel skills; analytics or BI tools a plus
• Comfortable operating in a high-scrutiny SOX environment
• Ownership mindset over complex balance sheet areas
• Highly organized, detail-oriented, and control-focused
• Confident communicator with auditors and cross-functional partners

Education and Experience

• Bachelor’s degree in Accounting (CPA preferred)
• 4–7 years of experience including Big 4 audit experience
• Strong exposure to SOX-heavy public company environments
• Deep understanding of US GAAP and SOX 404 compliance
• Experience owning controls and supporting audits
• Big 4–trained with a strong audit and controls foundation
• ERP experience (AS400, SAP, Oracle, NetSuite, Workday, or similar)
• Fixed Asset Software experience a plus

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made for qualified individuals with disabilities if necessary to perform the essential functions of this position.

While performing the duties of this Job, the employee is regularly required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee is occasionally required to sit and talk or hear. Specific vision abilities required by this job include close vision, color vision and ability to adjust focus.

Work Environment

The work environment characteristics described below are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.  The noise level in the work environment is usually moderate.

Equal Opportunity and Non-Discriminatio n

Transcat is an equal-opportunity employer and prohibits discrimination based on any protected status.  As required by United States law, all qualified applicants will receive consideration for employment without regard to age, color, disability, genetic predisposition or carrier status, national origin, race, religion, sex (including pregnancy, sexual orientation, and gender identity), status as a protected veteran, or as a member of any other protected group or activity under federal, state, and local law.

We will make reasonable accommodations for employees with disabilities to enable them to perform the essential functions of their position unless doing so poses an undue hardship to the company or a direct threat to health or safety.

Contingencies

All offers of employment are contingent upon successfully completing all pre-employment requirements, which include verification of identity and employment eligibility, and when applicable, a motor vehicle driving record report.