Financial Analyst - Fixed Assets And Compliance

CFS has partnered with a growing company that's looking to add to their Finance team. Our client is a privately held, family-owned and operated frozen food manufacturer located in West Michigan. They produce, package, and ship an assortment of frozen food entrees for Private Labels and National Brands for both the retail and food service markets.

Due to growth, our client is looking to add a Financial Analyst – Fixed Assets and Compliance to their team! In this position you will play a key role in driving improvement in their capital management processes. This role will be responsible for oversight of capital project accounting and analysis, risk management practices and perform reporting and Compliance activities related to State grants/ incentive reporting, property taxes, audit and tax.

Financial Analyst Responsibilities:

• Month-end journal entries and reconciliations including quarterly fixed asset roll-forward and depreciation calculations.
• Maintain the fixed asset subledger (SAGE), process new assets, disposals and transfers, run various scenarios in SAGE to determine projected depreciation, ensure system is updated with most current assumptions. Ensure subledger is reconciled to the ledger with appropriate entries on a timely basis.
• Liaise with project managers to budget annual capital project spend, update spend projections, create long-range capital plans in cooperation with divisional heads, and determine appropriate accounting treatment for spend
• Report on budget to actuals on a monthly basis, prepare management and board presentations.
• Support the annual budget process for Fixed Assets and Property related items.
• Reconcile Construction in Progress (CIP), ensure all spend qualifies as capital spend under U.S. GAAP, and capitalize projects on a quarterly basis
• Lead implementation of ASU 842 Leases and maintain inventory of the Company’s leases
• Create and manage a formal capital acquisition process, assign project numbers, and ensure project spend is properly supported
• Maintain the Company’s capital policy including useful lives
• Calculate capitalized interest incurred on major capital projects in accordance with U.S. GAAP
• Provide support for audit and tax workpapers and manage cost segregation studies with CPA firm
• Assess Fixed Assets for impairment and perform regular test counts
• Perform financial analysis to determine return on major capital projects against initial assumptions
• Assist with insurance renewal data submissions and reporting for tax incentives
• Manage relationship with CPA performing property tax compliance, estimate and accrue property taxes, understand various property tax incentives including PA 198 and Ag Ren Zone
• Calculate and make estimated tax payments and review tax filings including state franchise taxes, flow-through entity income taxes, S Corp deposit Requirements

Financial Analyst Requirements:

• Bachelor’s degree in Finance, Accounting, Business Administration or related field
• 2-4 years of relevant accounting experience
• Strong working knowledge of Excel and PowerPoint; JDE and/or SAGE experience a plus
• Excellent analytical, decision-making and problem-solving skills
• A passion for process improvement
• Ability to display complex quantitative data in a simple, intuitive format and to present findings in a clear and concise manner
• Ability to investigate, familiarize and master new data sets quickly
• Well-developed communication and interpersonal skills
• Attention to accuracy and details