Asset Accounting Manager Job Profile and Description
Asset Accounting Managers report to the CFO and are responsible for ensuring that the company’s fixed assets or depreciable capitalized assets are properly accounted for and optimized as an accounting item. They manage a team of asset accountants who, in a large company, can each be assigned to handle a category of depreciable assets like real estate, buildings in a chain of department stores or malls, fleet of vehicles used to transport executives or as part of the business like delivery trucks, ships, trains and aircraft. They can also be assigned to account for information system licenses and computers, sales merchandises goods, office supplies and manufacturing or assembly plants.
Asset Accounting Manager Duties and Responsibilities
- Conduct periodic thorough review of corporate real estate property holdings to ensure they are utilized productively in the business or allied enterprises.
- Coordinate with Business Development or Franchising Managers to ascertain that all corporate assets on loan are paid up or returned.
- Oversee purchase bids and negotiations in the disposal of fully depreciated assets that are no longer useful or cannot be rehabilitated.
- Supervise a team of asset accountants to ensure they perform their duties and responsibilities in accordance with their employment conditions.
- Implement the approved depreciation policy and other accepted accounting practices.
Asset Accounting Manager Skills and Specifications
- Must possess excellent organizational, leadership, supervisory and managerial competence with the ability to work long hours and under deadline pressures
- Must be a CPA with excellent computational abilities to check on the work of accountants
- Strong interpersonal and communication skills
Asset Accounting Manager Education and Qualifications
- An MBA degree is often basic, especially when in technology-centric firms.
- Previous accounting experience handling fixed assets or properties is preferred
Asset Accounting Manager Salary
Depending on the state and industry, the Asset Accounting Manager can earn anywhere between $75,000 and $120,000 annually on a full time employment. The salary can also be significantly higher depending on the value of fixed assets being managed.