Accountant in Collegeville, PA at Quest Diagnostics

Date Posted: 1/6/2022

Job Snapshot

Job Description

Staff Accountant  

Job Summary:

The individual in this position is responsible for ensuring that the fixed asset records of the company are accurate and in compliance with Generally Accepted Accounting Principles and company policies. They are further responsible for ensuring that capital spending is in compliance with corporate policies and does not exceed authorized limits.

Job Responsibilities:
The individual will have primary responsibility for executing transactions within the fixed asset system to properly add, adjust, retire and transfer assets and understand the accounting implications of such transactions.  They will ensure that all capital requests (CAPEX) are properly logged and controlled and that the required approvals are obtained. They will accumulate invoices by CAPEX project, file open and completed CAPEX's appropriately. They will review and monitor capital spending to ensure that approved spending limits are not exceeded. They will participate in the compilation & analysis of capital expenditure information to ensure timely & appropriate capitalization. They will work closely with other departments and business units to ensure that capital expenditure requests, and related payments, are processed in a timely and accurate manner. They will prepare reconciliations of fixed asset suspense accounts (CIP), clearly identifying those assets ready for capitalization vs. those assets that are not yet in use. Preparation of detail fixed asset reconciliations to the general ledger and a roll-forward of the fixed asset accounts must be performed on a monthly basis.  The individual will also assist in the year-end audit and the integration of new acquisitions. They will receive, log, monitor and handle all requests from our business units. They will prepare monthly analysis of capital projects for purposes of capitalization of interest in accordance with SFAS #34. They will provide support to field financial personnel as well as research and resolve detailed transaction questions as they arise.

Job Requirements:
1-3 years of accounting experience.
Previous fixed asset accounting experience desirable.

Bachelor's Level Degree with concentration in Accounting. CPA Preferred.

Required Knowledge:
Strong accounting, communication, and analytical skills. Knowledge of fixed asset accounting. Also, must have experience with and knowledge of Excel.

Prefer experience with PeopleSoft Asset Management and General Ledger, Hyperion & PeopleSoft NVision.