UL
Fixed Asset Construction Accounting Manager
UL, Chicago, Illinois, United States, 60290
Hybrid (3) days a week out of Northbrook or Chicago, IL office
Reporting to the Senior Manager of Fixed Asset and Capital Project Accounting, the manager is responsible for all fixed asset construction accounting projects and processes and will have a strong partnership with our global facilities team and business project managers. This role includes ensuring the accuracy of asset records, compliance with accounting standards and effective management of the asset lifecycle. You will conduct the monthly accounting close processes, periodic transaction research and financial analysis for various domestic and foreign subsidiaries of UL Solutions, Inc. while working cross functionally with business unit leadership to ensure appropriate accounting for assets.
Accountable for the monthly fixed asset accounting close process for construction related fixed assets.
Review and oversite of timely account reconciliations, ensuring that reconciling items are consistently tracked, reviewed, and cleared properly.
Preparation of monthly fixed asset roll-forwards, CAPEX spend, flux analysis, and other ad-hoc reporting.
Track additions, transfers and asset retirements at the global level including monitoring of related accounting results.
Assist in developing, documenting, and maintaining department processes and SOX controls to ensure the proper recording and maintenance of company assets in the sub-ledger.
Partner with Facility team on all new lease and building projects.
Partner with Capital Project managers to ensure continuous evaluation of capital vs expense and month end accruals for domestic and foreign subsidiaries. Continuously evaluate the process for GAAP compliance.
Partner with the G/L Accounting Group and Field Operations to conduct annual fixed asset existence testing. Collaborate on developing and communicating instructions and timely reporting for the annual physical audit, and act as a point of contact for field training and support.
Prepare audit schedules and resolve audit issues as identified by internal and/or external auditors.
Assist with due diligence of fixed asset records related to new acquisitions.
Lead and mentor FA Accountants, ensuring completion of assigned duties, as well as providing continuous feedback and development planning.
Assume other duties and responsibilities required or assigned by management.
#LI-Hybrid
Bachelor’s degree in accounting required, CPA strongly preferred
Minimum 5 years of total accounting experience
Minimum 3 years of fixed assets accounting experience
Excellent knowledge of US GAAP accounting, end-to-end capital expenditure life cycle process and exceptional financial analytical skills.
Public accounting background, preferred
Oracle Fixed Asset and Project module experience preferred
Experience in a large global company and working with international teams, preferred
Excellent verbal and written communication skills
Ability to identify and resolve issues independently
What you’ll experience working at UL:
Mission: For UL Solutions, corporate and social responsibility isn’t new. Making the world a safer, more secure and sustainable place has been our business model for the last 130 years and is deeply engrained in everything we do.
People: Ask any UL Solutions employee what they love most about working here, and you’ll almost always hear, “the people.” Going beyond what is possible is the standard at UL Solutions. We’re able to deliver the best because we employ the best.
Interesting work: Every day is different for us here as we eagerly anticipate the next innovation that our customers create. We’re inspired to take on the challenge that will transform how people live, work and play. And as a global company, in many roles, you will get international experience working with colleagues around the world.
Grow & achieve: We learn, work and grow together with targeted development, reward and recognition programs as well as our very own UL University that offers extensive training programs for employees at all stages, including a technical training track for applicable roles.
Total Rewards: All employees at UL Solutions are eligible for bonus compensation. UL Solutions offers a generous 401k matching structure of up to 5% of eligible pay. Additionally, we invest an additional 4% into your retirement saving fund after your first year of continuous employment. We provide Healthcare Reimbursement Accounts and Health Savings Accounts that UL Solutions contributes to twice per year! Depending on your role, you can work with your manager on flexible working arrangements. We also provide employees with paid time off including vacation, holiday, sick and volunteer time off.
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
UL LLC has been and will continue to be an equal opportunity employer. To assure full implementation of this equal employment policy, we will take steps to assure that:
Persons are recruited, hired, assigned and promoted without regard to race, color, age, sex or gender, sexual orientation, gender identity, gender expression, transgender status, religion, creed, national origin, ethnicity, citizenship, ancestry, disability, genetic information, military or veteran status, pregnancy, marital or familial status, or any other protected category under applicable law.
Reporting to the Senior Manager of Fixed Asset and Capital Project Accounting, the manager is responsible for all fixed asset construction accounting projects and processes and will have a strong partnership with our global facilities team and business project managers. This role includes ensuring the accuracy of asset records, compliance with accounting standards and effective management of the asset lifecycle. You will conduct the monthly accounting close processes, periodic transaction research and financial analysis for various domestic and foreign subsidiaries of UL Solutions, Inc. while working cross functionally with business unit leadership to ensure appropriate accounting for assets.
Accountable for the monthly fixed asset accounting close process for construction related fixed assets.
Review and oversite of timely account reconciliations, ensuring that reconciling items are consistently tracked, reviewed, and cleared properly.
Preparation of monthly fixed asset roll-forwards, CAPEX spend, flux analysis, and other ad-hoc reporting.
Track additions, transfers and asset retirements at the global level including monitoring of related accounting results.
Assist in developing, documenting, and maintaining department processes and SOX controls to ensure the proper recording and maintenance of company assets in the sub-ledger.
Partner with Facility team on all new lease and building projects.
Partner with Capital Project managers to ensure continuous evaluation of capital vs expense and month end accruals for domestic and foreign subsidiaries. Continuously evaluate the process for GAAP compliance.
Partner with the G/L Accounting Group and Field Operations to conduct annual fixed asset existence testing. Collaborate on developing and communicating instructions and timely reporting for the annual physical audit, and act as a point of contact for field training and support.
Prepare audit schedules and resolve audit issues as identified by internal and/or external auditors.
Assist with due diligence of fixed asset records related to new acquisitions.
Lead and mentor FA Accountants, ensuring completion of assigned duties, as well as providing continuous feedback and development planning.
Assume other duties and responsibilities required or assigned by management.
#LI-Hybrid
Bachelor’s degree in accounting required, CPA strongly preferred
Minimum 5 years of total accounting experience
Minimum 3 years of fixed assets accounting experience
Excellent knowledge of US GAAP accounting, end-to-end capital expenditure life cycle process and exceptional financial analytical skills.
Public accounting background, preferred
Oracle Fixed Asset and Project module experience preferred
Experience in a large global company and working with international teams, preferred
Excellent verbal and written communication skills
Ability to identify and resolve issues independently
What you’ll experience working at UL:
Mission: For UL Solutions, corporate and social responsibility isn’t new. Making the world a safer, more secure and sustainable place has been our business model for the last 130 years and is deeply engrained in everything we do.
People: Ask any UL Solutions employee what they love most about working here, and you’ll almost always hear, “the people.” Going beyond what is possible is the standard at UL Solutions. We’re able to deliver the best because we employ the best.
Interesting work: Every day is different for us here as we eagerly anticipate the next innovation that our customers create. We’re inspired to take on the challenge that will transform how people live, work and play. And as a global company, in many roles, you will get international experience working with colleagues around the world.
Grow & achieve: We learn, work and grow together with targeted development, reward and recognition programs as well as our very own UL University that offers extensive training programs for employees at all stages, including a technical training track for applicable roles.
Total Rewards: All employees at UL Solutions are eligible for bonus compensation. UL Solutions offers a generous 401k matching structure of up to 5% of eligible pay. Additionally, we invest an additional 4% into your retirement saving fund after your first year of continuous employment. We provide Healthcare Reimbursement Accounts and Health Savings Accounts that UL Solutions contributes to twice per year! Depending on your role, you can work with your manager on flexible working arrangements. We also provide employees with paid time off including vacation, holiday, sick and volunteer time off.
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
UL LLC has been and will continue to be an equal opportunity employer. To assure full implementation of this equal employment policy, we will take steps to assure that:
Persons are recruited, hired, assigned and promoted without regard to race, color, age, sex or gender, sexual orientation, gender identity, gender expression, transgender status, religion, creed, national origin, ethnicity, citizenship, ancestry, disability, genetic information, military or veteran status, pregnancy, marital or familial status, or any other protected category under applicable law.