Operating as a key member of the Corporate Accounting Shared Services Accounting team, the individual in this role will oversee the global inventory and fixed asset teams.  The position will be responsible for the internal control processes and policies and ensure they are designed and operating eff
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Manager Global Inventory and Fixed Assets

Bristow Group • 
Houston, Texas, United States
Position Type: Permanent
Job Description:

Operating as a key member of the Corporate Accounting Shared Services Accounting team, the individual in this role will oversee the global inventory and fixed asset teams.  The position will be responsible for the internal control processes and policies and ensure they are designed and operating effectively.  This position will manage accounting and reporting of the global inventory and maintenance spend, as well as, ensuring that all fixed assets owned by the Company are accounted for correctly. This includes overseeing monthly GL close process, reconciliations, SAP general ledger activities, RAMCO subledger and utilizing in-depth technical knowledge specific to helicopters along with knowledge of the Company’s financial reporting tools (OneStream) and general ledger package (SAP) to gather information for internal reporting.  Strong leadership skills are a must and one of the key responsibilities of this position is being a liaison among the Accounting, Inventory Supply Chain and Maintenance Departments to ensure accurate, timely reporting of inventory and maintenance accounting data which impacts the GL, business decisions and forecasting.  The successful candidate will utilize knowledge of US GAAP and other accounting standards (IFRS, various other local GAAP requirements) to ensure proper accounting for inventory and fixed assets.  Additionally, this individual will coordinate with the global tax group to ensure the availability of accurate and complete data for tax reporting on fixed assets, and with the global fleet group to ensure that changes in fleet information is accurately reflected in our accounting.

PRINCIPAL RESPONSIBILITIES:

  • Provide management and leadership to the fixed assets and inventory teams, including setting goals and conducting performance evaluations in accordance with Company policies

  • Accountable for the global processes and policies over inventory and fixed assets accounting, including identification of changes to policies required from time to time, including changes in US GAAP or local accounting standards

  • Review variance, budget and forecasting analysis, oversee accounting and reporting on maintenance, inventory expense, and depreciation expense

  • Coordinate with the global fleet management group to ensure that changes in fleet plans are properly considered in our accounting and reporting

  • Coordinate with regional controllers and management, including the global fleet group, to identify, monitor and document held for sale asset classification and changes in fair value

  • Work closely with the global fleet group to determine fair values for fixed assets as part of analysis of impairment matters, but also to drive accounting for other items and planning/forecasting needs

  • Collaborate with the global tax team to ensure that proper tax basis data is available for fixed assets

  • Ensure proper depreciation of fixed assets, including analysis of useful lives and salvage values, as part of the maintenance of a global capitalization and depreciation set of policies

  • Monitor compliance with the global AFE policy, maintain AFEs, track and monitor AFE spend, with reporting to management; suggest and drive changes to AFE policies as needed

  • Global Inventory Reserve Analysis

    • Coordinate Inventory reserve review with Management

    • Coordinate Stock Write Down or Maintenance Expense Journals for reserve

    • Draft Inventory Reserve Memo for Management review

    • Help develop coordinated D&E process for new fleet types

    • Update Inventory Reserve fleet plan

    • Update Inventory Reserve model

  • Lead contact for internal and external audit activities around inventory and fixed assets

  • Oversee the preparation of audit materials and financial reporting materials for fixed assets

  • Accountable for recording the cost of newly-acquired fixed assets, tracking existing fixed assets, recording depreciation, and accounting for the disposition of fixed assets for all business units in accordance with GAAP

  • Prepare and maintain fixed asset records, journal entries and adjustments

  • Reconcile the balances in the fixed asset subsidiary ledger to the summary-level accounts in the general ledger

  • Perform analysis on fixed asset issues related to mergers, acquisitions and divestitures

  • Prepare monthly roll forwards of PP&E of costs and accumulated depreciation

  • Prepare monthly fluctuation analyses on changes in fixed assets and accumulated depreciation accounts and communicate findings and recommendations to management

  • Accountable for managing global internal controls over fixed asset accounting

  • Researches accounting issues related to fixed assets and inventory and resolves any discrepancies discovered

  • Other duties as assigned by the Senior Manager, Shared Services

EXPERIENCE:

  • Bachelor’s degree in Accounting or Finance required

  • CPA preferred

  • Must have at least 10&43; years of experience

  • Big 4 experience preferred

  • Experience with Inventory and Fixed Asset Accounting Required (Mastery of complex fixed asset accounting reconciliation solutions)

  • Advanced Excel skills and/or relational databases (such as Access or SQL) required.

  • You must be familiar with SAP/FA (Fixed Assets) and Hyperion/OneStream

  • Prior Supervisory experience preferred

SKILLS:

  • Ability to successfully and simultaneously manage multiple tasks, meet multiple deadlines, and work with minimal direct supervision

  • Highly collaborative, works with all stakeholders to deliver results and keep others informed Strong analytical and problem-solving skills

  • Ability to read, analyze and interpret complex contracts

  • Strong computer literacy including MS office products

  • Strong communication skills with the ability to articulate, summarize, and present information clearly to audiences with different backgrounds and at different levels of the organization and external stakeholders

Bristow Group is an Equal Opportunity Employer, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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