Director, Capitalization & Fixed Asset Accounting

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office.

At First Citizens Bank, we believe meaningful careers are built through meaningful relationships. For more than 125 years, we've supported our clients, communities and colleagues through a culture rooted in connection, collaboration and long-term success.

The Director, Capitalization & Fixed Asset Accounting provides strategic leadership and enterprise-wide oversight of the Bank's capitalization, fixed asset, lease accounting under ASC842, and project accounting functions. This role is responsible for establishing a scalable governance framework that supports organizational growth, regulatory compliance, financial reporting integrity, and effective management of the Bank's internal capitalized asset investments.

Responsibilities & Qualifications

Duties & Responsibilities:

The Director will lead the end-to-end accounting, governance, and control environment for capitalized assets, including internally developed software, software development costs, cloud implementation costs, capitalized labor, fixed assets, impairment assessments, lease accounting under ASC 842, and project capitalization activities.

The role is responsible for ensuring accurate financial reporting, maintaining a strong internal control environment, and supporting regulatory and audit requirements related to capitalized assets and investments.

This leader will oversee a geographically dispersed accounting team, driving organizational scalability, operational excellence, process standardization, and talent development.

The position requires deep expertise in software capitalization, project accounting, fixed asset accounting, and emerging accounting standards, including preparation for evolving software accounting guidance and finance transformation initiatives. 

In partnership with key stakeholders across Finance, Technology, Strategy, Corporate Real Estate, Procurement, and Enterprise Project functions, this role will serve as the primary accounting leader for the Bank’s internal capitalized asset investments.

The Director will build and mature the end-to-end capital asset lifecycle, strengthen governance and decision-making frameworks, enhance automation and data governance capabilities, implement proven best practices and help shape the Bank's long-term capital asset strategy.

Position Specific Skills:

Leading Others

Risk Identification

Risk Mitigation

Critical Thinking Skills

Analytical Reasoning

Problem Solving

Maintains Strategic Perspective

Accounting

Financial Statement Analysis

Qualifications:

Minimum Required Education and Experience: Bachelor's Degree and 10 years' experience OR High School Diploma or GED/Equivalent and 14 years' experience in Accounting, Audit, or Financial Analysis including Management or Leadership role

Preferred Education: Advance Degree

Preferred Area of Experience: Experience leading a large, diverse organization

Preferred Licenses or Certifications: Certified Public Accounting (CPA) 

Additional Information

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.