Senior Accountant - Assets

The Senior Accountant - Fixed Assets is responsible for managing the financial aspects of capital expenditures, ensuring accurate recording of transactions and compliance with IAS
16 and LVMH Group accounting policies. This position will also serve as the subject matter expert in fixed asset accounting and related internal controls, with direct responsibilities of ensuring the accuracy and integrity of the Companies' fixed asset records for US and Canadian operations and indirect responsibilities of support the international markets. The Senior Accountant – Fixed Assets will lead the month-end and year-end processes for fixed assets, which include analyzing and providing insightful commentary for Balance Sheet and Profit & Loss fluctuations, assessing cash flow statement impacts and preparing all required audit schedules.

They will also participate in departmental and company-wide projects and initiatives. This position requires a strong command of technical accounting principles, with the ability to analyze guidance and draft accounting positions. Additionally, this position requires a dynamic and collaborative individual with sharp analytical and decision-making skills, capable of cultivating effective partnerships with our global finance community.

This is an in-person position, requiring attendance four days a week at our office in Whippany, NJ.

Responsible for the day-to-day North America fixed asset accounting process, which includes:

• Manage the capitalization and movement of fixed assets, which includes accounting for additions, transfers, splits, disposals, accelerations and impairments, while ensuring compliance with company policies and relevant accounting standards.
• Maintain the fixed asset subledger to accurately record asset costs, accumulated depreciation, depreciation expense, depreciation start dates and useful lives.
• Execute monthly depreciation calculations and postings.
• Review internal software costs and cloud computing arrangements under applicable accounting guidance to determine appropriate accounting treatment.
• Calculate capital expenditure accruals for work performed but not yet billed.
• Collaborate with North America Finance, Global Store Development, IT and other business partners to track Construction in Progress (or “CIP”) listings and project go-live dates.
• Conduct thorough and timely account reconciliations for all assigned areas, proactively identifying, investigating, and resolving any discrepancies to maintain data integrity. This includes reconciling the fixed asset subledger to the general ledger.
• Prepare and analyze fixed asset roll‑forwards and reconciliations to the capital projects database, providing clear explanations for variances.
• Partner with the FP&A team to review the annual capital plan and unplanned capital projects to ensure compliance with Tiffany and LVMH accounting policies.
• Support the tax team in their procedures by providing necessary documentation.

Responsible for the global oversight of international fixed asset accounting processes, which includes:

• Serve as the primary global point of contact for international Finance teams, offering expert support, guidance and timely resolution for all fixed‑asset related inquiries.
• Maintain robust standard operating procedure documentation, establishing the “core model” for markets onboarding the JDE E1 ledger.
• Serve as a key member of the project team responsible for onboarding new markets on JDE E1, which involves reviewing system set‑up, leading training, participating in testing and supporting go‑live and hyper care activities.

Responsible for executing monthly, quarterly and annual financial close processes and support external audits by completing assigned analysis, including:

• Analyze Balance Sheet and P&L variations, which include the preparation of commentary for the US and Canada fluctuations, as well as the review of international variations commentary.
• Prepare a consolidated Balance Sheet slide used in a Financial Review booked with upper management, which includes analysis quarter over quarter of spend by asset class.
• Prepare fixed asset roll forward for the US and Canada and…