Accountant III, Fixed Assets - Denver

Fixed Assets Accountant

The Accountant III works in the Colorado Department of Transportation's (CDOT's) Division of Accounting and Finance's (DAF's) Center for Accounting.

The Center for Accounting (CFA) performs and/or oversees all accounting functions for CDOT and its Enterprises related to contract execution, accounts payable, accounts receivable, general ledger, treasury/cash/debt management, payroll and timesheet processing, fixed assets, construction and grant project accounting, federal aid billing, rate allocation programs, and the annual financial audit of the department. The Center ensures that all financial related transactions for CDOT are recorded in compliance with Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB), Financial Accounting Standards Board (FASB), and all State and Federal rules and regulations. Additionally, the Center provides accounting and financial assistance to employees, various individuals, and organizations.

About the Position The Fixed Assets Accountant will serve as a subject matter expert/staff authority on Fixed Assets overseeing the Assets Under Construction (AUC), Road Abandonment and Lane Mile, Fixed Asset Reconciliation, and implementing Fixed Asset fiscal and GASB rules in the SAP financial system. This position additionally focuses on Inventory Oversight, Reconciliations and Internal Control and provides back-up support to the other Fixed Assets Accountant III. This position completes the annual physical inventory of fixed assets and ensures that the Center for Accounting Internal Control is robust by reviewing monthly/daily diligent reports, preparing monthly and year-end reconciliations for fixed assets additions/deletions, performing monthly project settlements, and ensuring that CDOT meets all the internal controls compliance requirements.

Your duties and responsibilities will include, but are not limited to, the following:

• Oversee the Assets Under Construction, Road Abandonment and Lane Mile, Fixed Asset Reconciliation, and implement Fixed Asset fiscal and GASB rules in the SAP financial system.
• Assess and capitalize items posted to Assets Under Construction.
• Maintain Fixed Assets for accurate financial reporting and compliance with fiscal rules.
• In collaboration with other Fixed Assets Accountant, perform reconciliation which includes the review of capital expenditure accounts, ensuring expenditures qualify for capitalization, creating assets shells in SAP, reconciling expenditures to fixed assets additions, and preparing related accounting entries in SAP and the State's finance system of record, the Colorado Operation Resource Engine (CORE), per GAAP and state and federal rules.
• Investigate and correct any variances between SAP, CORE and SAP and any variances between the SAP record, the CDOT facility record and Insurance record.
• Investigate, analyze and correct any issues identified by GAAP.
• If needed, implement new accounting processes or reconciliations to ensure integrity and accuracy of fixed assets in SAP and CORE.
• Ensure that annual physical inventories of fixed assets are completed along with any consumable inventories.
• Monitor modification or addition of any new Fixed Asset fiscal and/or GASB rules and implement any changes in CDOT's financial system.
• Understand and perform the CDOT's Fixed Asset process from inception to conclusion including additions, deletions and transfers to road equipment, non-road equipment and buildings.
• Coordinate with the other Fixed Asset Accountant to develop and implement the Assets Under Construction process of moving items from project to final completed asset.
• Ensure that the General Accounting Unit is operating efficiently, reporting reliable information, and complying with fiscal rules and regulations.
• Assess and ensure the quality of internal control performance.
• Ensure that General Accounting implements the following five foundations of the internal control system: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring.
• Identify, analyze, and respond to potential risks; take actions to mitigate risks and ensure General Accounting objectives are met.
• Ensure that relevant information is identified, captured, and communicated to Center for Accounting leaders.
• Collaborate with the CDOT Compliance team, General Accounting team, and internal customers to remedy any abnormal financial transactions or financial events.
• Assist the General Accounting Manager to ensure that General Accounting procedures and processes are available, up to date with current fiscal rules and regulations and mitigate any potential risk.
• Provide back-up and support to the other Fixed Asset Accountant III.

Work Environment

• Your schedule will primarily be 8:00 am 5:00 pm work hours, Monday-Friday, but we are flexible to meet your work/life balance needs while ensuring CDOT business needs are met.
• You will likely work a hybrid schedule with a combination of in-office and remote work.

Minimum Qualifications, Substitutions, Conditions of Employment & Appeal Rights

Minimum Qualifications

Experience Only

Experience must total 8 years and include:

• Four years of professional auditing or accounting experience
• AND at least four years of professional accounting experience.

OR Education and Experience A combination of relevant education and experience equal to at least eight (8) years

• Relevant education from an accredited college or university with at least 27 hours of coursework in Accounting or Auditing will be considered.
• Professional Accounting experience will be considered.

OR

Colorado CPA License and Experience or Education A combination of a Colorado CPA License, education and/or experience which totals at least eight (8) years

• Current, valid licensure as a CPA by the Colorado Board of Accountancy will count for six (6) years of the requirement.
• Education in auditing or accounting will be considered (coursework requires 27 semester hours completed in accounting or auditing)
• Professional accounting experience will be considered.

Please Note: The required experience must be substantiated within the work experience section of your application. "See Resume" statements on the application or resumes in lieu of a complete application may not be accepted. Additional information submitted after the closing date of this announcement will not be considered in the review of your application. In addition, part-time work will be prorated.

College Transcripts: If you are using education to qualify, a legible copy of your official or unofficial college transcript(s) or an official foreign credential evaluation report must be submitted with your application. Transcripts must show the name of the school, completed credit hours, and (if applicable) that a degree was conferred. Transcripts from colleges or universities outside of the United States must have been assessed for U.S. equivalency by a NACES educational credential evaluation service. The credential evaluation report must be an official report. Failure to provide a transcript or official foreign credential evaluation report may result in your application being rejected and you will not be able to continue in the selection process for this position.

Conditions of Employment

• Must pass a pre-employment screening which may include social security number trace, criminal records check, public court records check, educational records, and driving records checks. More information in the supplemental information section.

Preferred Qualifications

The Exceptional Applicant will be an experienced Accountant with proven ability or accomplishment in the following:

• Demonstrated success with the duties listed in the Description of the Job section;
• Years of State service experience related to the duties of this position;
• Highest work/personal ethics and integrity;
• Professional knowledge of general accounting practices and standards, including GAAP, GASB, State fiscal rules, State financial reporting, and State Auditor requirements;
• Strong fixed assets accounting skills and experience;
• Strong Excel and reporting skills;
• Reconciliation and analytic skills to enable accurate, complete, and timely reconciliation of data between multiple accounting systems;
• Experience with CORE, the State's finance system of record
• Experience using SAP or other Enterprise Resource Planning (ERP) system;
• Experience reconciling and correcting general ledger accounts to sub-ledger type detail;
• Strong knowledge and operational expertise in revenue, receivables, and cash processes;
• Excellent customer service experience including a proven ability to partner with professionals and staff at all levels, with sensitivity to their needs and priorities;
• Experience developing process improvements;
• Strong technical skills in Google, Microsoft Office Suite, SAP, and the ability to quickly learn other software systems;
• Excellent analytical skills to solve complex challenges;
• Strong research skills;
• Excellent written and verbal communication skills including presentation and facilitation skills and experience;
• Ability to take initiative to solve problems in an innovative manner;
• Strong organizational skills with the ability to perform at a high level;
• Proven ability to manage multiple assignments, priorities,