Chesapeake Utilities Corporation

Senior Fixed Assets Manager

Dover, DE

Full-time

About This Job

Senior Fixed Assets Manager

Location: Newark or Dover, Delaware | Hybrid

What makes us great…

At the heart of our company is a dedication to delivering energy that drives progress. We put people first, work to keep them safe and build trusting relationships.

Your role in our success will be…

The Senior Manager, Fixed Assets is the business owner for the Fixed Asset and Property Tax modules within the financial system. This role is responsible for managing a team of professionals that are responsible for the management and tracking of the company's fixed assets throughout their lifecycle and the property tax filing process for the entire organization. This role requires strong analytical skills, strong people management skills, strong knowledge of accounting principles and experience working with large volumes of fixed assets data.

What you’ll be working on…

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Oversees all processes related to the tracking, controlling, and disposal of the company’s fixed assets.

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Manages the month-end close process for fixed assets and other related activities owned by the team to ensure they are reported in a timely and accurate manner.

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Manages, analyzes, and monitors the integration of data to and from the financial system and other integrated systems, ensuring the accurate compilation, analysis, and reporting of accounting data, both internally and externally.

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Uses accounting concepts, experience, analytical skills, and knowledge of industry to resolve issues in effective ways and ensure that appropriate judgment is applied in determining what is considered a capital versus an operating expense.

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Oversees the reviews of Construction in Progress activities to ensure (1) project spend is appropriately broken down between capital and non-capital treatment, (2) tracking the percentage completion of project to ensure assets are placed into service timely and accuracy of capital accruals, and (3) assets are placed in the appropriate asset class.

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Maintains a robust system of controls, procedures, and forms to accurately record fixed assets.

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Manages the preparation of audit schedules related to fixed assets and provide support to internal and external auditors during their inquiries.

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Oversees the preparation of property appraisal information for the accuracy of tax returns and ensure compliance with relevant regulations. Develop and implement tax strategies for optimum tax savings.

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Regularly conducts impairment reviews for intangible assets and actively investigate any potential obsolescence of fixed assets and propose appropriate actions.

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Manages the review and approval of balance sheet reconciliations to ensure accuracy of the fixed assets register and the calculation of depreciation for all fixed assets in accordance with generally accepted accounting principles.

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Manages the process of preparing and reviewing the monthly large project tracker. Also, prepares and presents necessary reports for the Capital Committee meetings.

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Leads and develops direct reports with timely meaningful written and verbal feedback, and effective coaching and guidance fostering a culture of collaboration, excellence, and innovation.

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Ensures the professional development of team members with the use of the career development plan (“plan”) as accepted by the Finance Team. Meets regularly with the team to ensure plan is current and the members are progressing through the established plan.

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Partners with the income tax team to deliver accurate and timely tax depreciation data including bonus depreciation, ensuring compliance, and maximizing benefits.

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Oversees the SOX documentation for the fixed asset area to ensure proper updates are made when process or system changes occur. Collaborates with Asst Controller/Controller to properly classify the Key controls. Performs periodic reviews of the document with process owners to (1) ensure the document reflects the current process, (2) they are aware of the controls within their area, and (3) ensure they know they are identified as the process owner.

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Champions process enhancements in fixed assets automation, driving efficiency and accuracy.

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Actively participates in the Company’s rate cases and / or depreciation studies to be filed with the Public Service Commissions. The requires providing the appropriate support, perform detailed analysis, and responding to inquiries. Provides verbal and written testimony regarding supporting schedules.

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Oversees and coordinates the development of test scripts and the performance of user acceptance testing as required under the company’s change management controls for the fixed asset application.

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Maintains policies and procedures for asset capitalization, depreciation, and disposal in line with industry best practices and regulatory standards.

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Ensures the fixed asset system appropriately gets updated with the results of rate cases and depreciation studies.

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Ensures the interest rate used within the system to calculate the AFUDC is updated within the frequency as defined in standard operating procedures.

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Ensures asset records to reflect the Company’s strategic initiatives (acquisitions and divestures).

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Maintains and improves technical competence by keeping up to date on trends, developments, and technical authorities.

Who you are...

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Bachelor’s degree in accounting, or business-related field (Information Systems, Economics, Business Administration)

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Minimum of ten (10) years of fixed asset accounting, financial analysis, or accounting experience.

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CPA license preferred.

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Understanding of financial statements and familiarity with accounting systems.

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Accounting for Regulated Entities (SFAS 980) is a plus.

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Strong knowledge of depreciation studies and rate cases.

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Effectively communicate to all levels of management in a clear and concise manner.

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Extensive knowledge and highly proficient with SAP or Oracle ERP.

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Extensive knowledge and highly proficient with fixed asset system, preferably Power Plan.

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Highly proficient Microsoft Excel skills, including development and use of financial models, pivot tables, graphs, macros, and complex formulas.

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Preference given to those with experience with Standard Query Language (SQL), including writing SQL queries, and or Power BI.

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Proven ability to influence and lead team members by building trust, credibility, and consensus.

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Works in high-volume, fast-paced environment.

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Effectively manages multiple activities or sources of information.

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Conducts root cause analysis and performance tuning for complex business processes and functionality.

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Identify information needed to clarify a situation, gather data from the appropriate source and skillfully pose questions to discover critical information.

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Works independently as well as effectively and efficiently within a team environment.

Benefits/what’s in it for you...

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Flexible work arrangement

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Competitive base salary

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Fantastic opportunities for career growth

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Cooperative, supportive, and empowered team atmosphere

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Annual bonus and salary increase opportunities

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Monthly recognition events

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Endless wellness initiatives and community events

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Robust and customizable benefit packages-choose what works best with your life. Options include generous 401k, medical, dental and life insurance, tuition reimbursement, compensated volunteer hours and MORE!

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Paid time off, holidays and a separate bank of sick time!

Chesapeake Utilities Corporation is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants with a disability that need assistance applying for a position may email careers@chpk.com.

Experience

Required* 10 year(s): Minimum of ten (10) years of fixed asset accounting, financial analysis, or accounting experience.

Education

Required* Bachelors or better in Accounting or related field

Licenses & Certifications

Preferred* Cert. Public Acct

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Senior Fixed Assets Manager

About This Job

Senior Fixed Assets Manager

What makes us great…

What you’ll be working on…

Who you are...

Benefits/what’s in it for you...

Experience

Education

Licenses & Certifications

Preferred* Cert. Public Acct

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

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