Full-Time

Corporate Senior Fixed Asset Accountant

Posted on 8/27/2024

Redwood Materials

Redwood Materials

501-1,000 employees

Recycles batteries for domestic material supply

Industrial & Manufacturing
Energy

Senior

Carson City, NV, USA

Category
Financial Accounting
Accounting
Required Skills
SAP Products
Financial analysis
Mergers & Acquisitions (M&A)
Oracle
Requirements
  • Bachelor’s degree in accounting, Finance, or related field; CPA certification or advanced degree preferred.
  • 5 years of progressive experience in fixed asset accounting within a large corporate environment, preferably within a multinational organization.
  • Strong understanding of fixed asset accounting principles, depreciation methods, tax regulations, and financial reporting requirements under GAAP.
  • Proficiency in ERP systems (e.g., SAP, Oracle) and fixed asset management software; experience with Oracle Fusion or similar platforms is a plus.
  • Excellent analytical and problem-solving skills, with the ability to interpret complex financial data and communicate findings effectively to stakeholders.
  • Detail-oriented with strong organizational and time management skills, capable of managing multiple priorities and meeting tight deadlines in a fast-paced environment.
  • Collaborative team player with strong interpersonal skills, able to build effective relationships and work cross-functionally to achieve common goals.
  • Fluency in Microsoft Office suite (Outlook, Excel, Word, PowerPoint, etc.)
  • Self-motivated and proactive, with a commitment to continuous learning and professional development.
Responsibilities
  • Manage the complete lifecycle of fixed assets, including acquisition, capitalization, depreciation, impairment testing, and disposal, ensuring compliance with US GAAP and company policies.
  • Conduct monthly and quarterly reconciliations of fixed asset sub-ledgers to the general ledger, investigating and resolving any variances or discrepancies in a timely manner.
  • Prepare and review depreciation schedules and journal entries for fixed assets, ensuring accurate and timely recording of depreciation expense and related adjustments.
  • Assist in the preparation of monthly, quarterly, and annual financial statements and disclosures related to fixed assets, supporting external reporting requirements and audit activities.
  • Establish and maintain effective internal controls over fixed asset accounting processes, ensuring compliance with SOX requirements, and facilitating audit readiness.
  • Review and approve capital expenditure requests, ensuring proper classification and capitalization of expenditures in accordance with company policies and accounting standards.
  • Coordinate and participate in physical inventories and audits of fixed assets, collaborating with cross-functional teams and external auditors to verify asset existence, condition, and valuation.
  • Identify opportunities to streamline and automate fixed asset accounting processes, leveraging technology and best practices to enhance efficiency and accuracy.
  • Conduct ad-hoc financial analysis and reporting as requested by management, providing insights into fixed asset trends, performance metrics, and investment opportunities.
  • Partner with procurement, operations, tax, and finance teams to ensure alignment of fixed asset accounting activities with broader business objectives and initiatives.

Redwood Materials focuses on battery recycling and the supply chain for lithium-ion batteries. The company recycles used batteries to produce domestic sources of anode and cathode materials, which are essential components for battery production. This process not only reduces costs but also addresses sustainability concerns by minimizing the need for overseas procurement of critical metals. Unlike many competitors, Redwood Materials emphasizes creating a local supply chain for battery materials, which helps U.S. cell manufacturers save money and lessen their environmental impact. The goal of Redwood Materials is to support the growing demand for lithium-ion batteries, projected to increase significantly by 2030, by providing a sustainable and efficient source of materials for battery production.

Company Stage

Series D

Total Funding

$1.7B

Headquarters

Carson City, Nevada

Founded

2017

Growth & Insights
Headcount

6 month growth

0%

1 year growth

2%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing EV adoption in the U.S. boosts demand for Redwood's recycling services.
  • U.S. Department of Energy funding supports Redwood's expansion plans.
  • Advancements in recycling technology improve Redwood's operational efficiency and cost-effectiveness.

What critics are saying

  • Over-reliance on partnerships with major automakers could pose financial risks.
  • Departure of key executives may disrupt financial strategy and management.
  • Rapid expansion may strain resources and lead to operational challenges.

What makes Redwood Materials unique

  • Redwood Materials creates a circular supply chain for lithium-ion battery production.
  • The company offers domestic anode and cathode materials from recycled batteries.
  • Redwood's partnerships with major automakers enhance its market position and credibility.

Help us improve and share your feedback! Did you find this helpful?

INACTIVE