Staff Accountant; Assets & Inventory

Overview

Who we are—

Transcat is a dynamic, innovative, growing company that has been recognized as the leading calibration and compliance services provider in North America and beyond. With over 1,500 employees—in technical, consulting, operational, sales, finance, and corporate roles—we have stood the test of time by delivering on our Trust in Every Measure promise to our customers in vital industries, including life sciences, aerospace, defense, energy, and utilities.

We fulfill this promise through our employees, who live Our Values every day, the Transcat Way. Our employees are at the center of the rewarding, challenging, and life-changing work we do for our customers and those they serve. Are you ready to join a company where the work you do makes a difference, and where you can grow in your career?

Here’s what Transcat has to offer—

• Work that matters
• A values-based culture where people care about each other and the work they do together
• Flexibility
• Training and development to accelerate learning and career advancement
• Competitive compensation and benefits, including paid time off, health insurance, tuition reimbursement, retirement, stock purchase plan, and MORE!

Position Summary

The Staff Accountant – Fixed Assets & Inventory assists in ensuring the accuracy, integrity, and SOX compliance of the Company’s fixed asset, rentals, and inventory accounting processes. This position is responsible for timely transaction processing, balance sheet account reconciliations, and execution and documentation of SOX controls. This role will also be involved in year end, statutory and tax compliance work.

• Fixed Assets & Inventory Accounting
  • Execute asset and inventory accounting processes in accordance with US GAAP and company policies
  • Assist with maintaining fixed asset subledger including capitalization, depreciation, impairments, transfers, and disposals
  • Ensure appropriate asset classification and capitalization thresholds through cross-functional partnership
  • Perform monthly subledger-to-GL reconciliations
  • Analyze and explain period-over-period variances and estimates
  • Prepare fixed asset roll forward to support cash flow reporting
  • Perform the monthly useful life review ensuring new fixed assets are entered into Sage in accordance with US GAAP and company policies
  • Maintain tax ledgers for fixed assets
  • Support tracking of capital expenditures and help organize documentation for asset capitalization
  • Compile invoices, purchase support, and project documentation to ensure completeness for accounting treatment
  • Help monitor inventory adjustments, reserve activity, and other account fluctuations for follow-up
  • Maintain organized files and schedules to support accurate subledger activity and reporting
• Capital Expenditures, Approvals & ROI Oversight (New Section)
  • Partner with Finance, Operations, and business leaders to support Capex request reviews, approvals, and financial justification
  • Track approved Capex projects against budget, timing, and spend; investigate and resolve budget to actual variances, elevate to management as needed
  • Maintain Capex schedules and reporting to support management review and forecasting
  • Ensure Capex activity is accurately reflected in fixed asset records and financial reporting
  • Support post implementation reviews, including ROI analysis and comparison of actual results to approved business cases
• SOX Compliance & Internal Controls
  • Prepare support for internal control activities and retain documentation in an organized, audit-ready manner
  • Assist with audit requests by gathering invoices, reconciliations, schedules, and other supporting documents
  • Maintain process narratives, risk and control matrices, and desktop procedures
  • Follow established accounting policies, procedures, and approval requirements
  • Escalate unusual transactions, control issues, or unsupported balances to the Senior Accountant
• Financial Close & Audit Support
  • Prepare journal entries, account reconciliations, and supporting schedules for month-end close
  • Research reconciling items and assist in resolving variances on a timely basis
  • Assist the Senior Accountant with balance sheet account analysis and documentation
  • Assist in other areas…