Senior Fixed Assets Accountant

WAWA - Wawa, Inc. - Corporate Office

Job Description

Job Title: Senior Fixed Assets Accountant

Location: Corporate

Department: Finance

Band: Professional

Job Summary: The Senior Fixed Assets Accountant is responsible for recording and maintaining timely and accurate financial information in the fixed assets sub ledger. The associate utilizes a thorough knowledge of Wawa’s asset management systems, capitalization policies, and procedures necessary to maintain the company’s fixed asset sub ledger.

Principal Duties:

While interpreting and applying GAAP, Wawa’s capitalization policy, and Wawa’s internal controls,

• Perform monthly reconciliations and analyses for various balance sheet accounts related to new store construction, including preliminary rent payments, land deposits, option payments, and payment of cash bonds for the acquisition of new store sites as applicable.

• Complete monthly depreciation projections, fixed assets roll-forward (including reconciling all fixed assets sub ledger accounts to the related general ledger accounts as applicable) and reconciliation of asset additions to cash flow.

• Support and advise Tax department for asset management and fixed assets accounting.

• Responsible to control and track journal entry processing across all finance departments for period end financial closing.

• Maintain the accounting for new equipment and related inventories stored at vendor and third party warehouse locations, determine new equipment asset value based on a moving average cost, audit the SAP project inventory records and warehouse records monthly, and oversee the creation of new equipment inventory asset shells.

• Continually evaluate the processes for the fixed assets accounting systems and the related controls and processes, and recommend proposed changes to enhance controls and improve efficiencies or strengthen controls.

• Establish the accounting treatment for projects that have a high level of complexity that requires a higher level of technical accounting knowledge and decision making based on unusual factors that will be encountered, including transferring fixed asset costs from work in progress accounts to final fixed assets, adjusting asset lives, and adjusting asset tax depreciation rules based on current tax law.

• Collaborate cross-functionally to determine retirements related to project activity, determine various other retirements, record certain asset retirements/impairments, and direct other Fixed Assets personnel to record certain retirements.

• Analyze transaction detail to ensure that capital expenditure entries meet established criteria, analyze sales/use tax postings, and prepare/park related journal entries in order to maintain the accuracy of financial reporting. Facilitate corrective action to resolve incorrect postings.

• Oversee project spending by designing WBS Project Structure and controls in SAP by collaborating with Project Managers, Corporate Accounting and Planning and Analysis upon approval of Project Applications.  Coordinate project budgeting with Planning & Analysis and coordinate IT resource time tracking with PMO before releasing projects for spending.  Manage the effort to close projects, including coordination of TECO, completion of purchasing activity, and closure of projects in SAP within established guidelines for project types.

• Organize and lead discussions with Project Managers and Financial Analysts in order to understand the nature of work being performed and identify additional fact-pattern elements, in order to accurately create assets, account for project spending, and assess impact on existing assets for asset retirements. Coordinate with Project Managers to identify and record dead project costs as they occur.

• Provide accounting direction to business partners so they use correct account coding on purchase orders and invoices. Take corrective action to resolve incorrect postings.

• Support the month-end closing process by performing project settlements, investigating problems, and determining appropriate resolutions, as well as providing accounting and analytical support to Management during the month end close process.

• Conduct analyses related to fixed assets as requested by management and auditors, and support the interim and year-end audit process related to fixed assets inquiries. Utilize appropriate systems and tools to input data, generate reports, conduct specialized research projects, and respond to inquiries.

• Assist the Assistant Corporate Accounting Manager as requested.

Essential Functions:

• Strong interpersonal skills and ability to work in a team environment
• Excellent verbal and written communication skills
• Strong customer service skills
• Ability to work independently and handle multiple tasks with tight deadlines and with a high degree of accuracy.
• Strong analytical and problem solving skills
• Self-starter, self-motivated

Basic Qualifications:

• Bachelor’s degree in accounting preferred
• Minimum three years of GAAP accounting experience required, preferably in asset accounting
• Broad understanding of accounting concepts
• Proficient in MS Excel, MS Access a plus
• Strong knowledge of Microsoft suite of products
• Experience with Financial Accounting Systems preferred (SAP preferred)

Wawa will provide reasonable accommodation to complete an application upon request, consistent with applicable law. If you require an accommodation, please contact our Associate Service Center at asc@wawa.com or 1-800-444-9292.

Wawa, Inc. is an equal opportunity employer. Wawa maintains a work environment in which Associates are treated fairly and with respect and in which discrimination of any kind will not be tolerated. In accordance with federal, state and local laws, we recruit, hire, promote and evaluate all applicants and Associates without regard to race, color, religion, sex, age, national origin, ancestry, familial status, marital status, sexual orientation or preference, gender identity or expression, citizenship status, disability, veteran or military status, genetic information, domestic or sexual violence victim status or any other characteristic protected by applicable law. Unlawful discrimination will not be a factor in any employment decision.