Fixed Asset Accountant

Job Summary

Nidec is the world's No. 1 comprehensive motor manufacturer handling "everything that spins and moves", miniature to gigantic. Nidec is a global enterprise comprised of over 300 subsidiaries/affiliates. We are a leading manufacturer of commercial motors, industrial motors, appliance motors, and controls. Our product line features a full line of high efficiency motors for industrial applications in water treatment, mining, oil and gas, and power generation, and for commercial applications such as pool and spa, condensers, cooling towers and large refrigeration units.

From keeping us comfortable in our homes to pumping clean water to making our cars more safe, electric motors are an indispensable part of our daily lives. At Nidec, our employees are on the forefront of developing new motor technologies. As we move deeper into the age of robotics, the impact of motors will only increase.

With over 140,000 employees stationed worldwide, Nidec continues to be a unique organization, and each location maintains its individual personality.

Whether driving locomotives, powering offshore platforms or keeping the lights on after a storm, Nidec electric power generation products impact the world on a daily basis. With over 1,000 employees in the Americas, we are moving forward with technology to solve our customers' electrical power needs for both prime and backup generation needs as the industry's leading manufacturer.

Job Description

Shift: 1st Shift

Days of Work: Monday - Friday

Work Hours: 8:00am to 5:00pm

Work Location: On-Site (Mankato, MN)

Starting Salary: $72,600 - $108,900

Pay Frequency: Bi-Weekly

At Nidec, we prioritize our team's well-being and success. Our comprehensive benefits package is designed to support you both personally and professionally. These are the great benefits we offer, with additional perks and programs available to enhance your overall experience with us.

• Competitive Compensation: Attractive salary with additional bonus opportunities.
• Health and Wellness: Comprehensive medical, dental, and vision coverage, effective from your first day.
• Retirement Savings: 401(k) plan with a best in-class company match of 100% on the employee's first 6% with an additional 3% employer contribution to support your financial future.
• Work-Life Balance: Generous time off package, including PTO and holidays.
• Education Assistance: Tuition reimbursement and continuous learning opportunities to support your professional growth.

Position Objective:

The accounts payable and Fixed Asset Accountant is responsible for the accurate, timely processing of accounts payable transactions and the complete accounting, tracking, and reporting of fixed assets throughout their lifecycle.  The role manages invoice processing, payment runs, vendor wire and ACH activities, and confidential invoices, while overseeing asset acquisitions, transfers, capitalization, depreciation, disposals, impairments, reconciliations, physical inventories, and capital expenditure monitoring.  This position ensures compliance with NIAP, IFRS, internal policies, and internal controls; supports audit, tax and regulatory requirements; and partners with Operations, Engineering, and Finance to strengthen financial accuracy, asset stewardship, and process improvement.

Essential Duties/Responsibilities:

·    Maintain fixed asset records and the fixed asset subledger

·    Record asset acquisitions, transfers, disposals, and impairments

·    Manage construction-in-progress (CIP) projects and capitalization activities

·    Calculate and record monthly depreciation and amortization

·    Reconcile fixed asset accounts to the ledger

·    Perform physical asset inventories and investigate discrepancies

·    Monitor capital expenditures against approved budgets

·    Evaluate assets for impairment, obsolescence, and retirement opportunities

·    Prepare supporting documentation for audits, property tax filings, and regulatory reporting

·    Parter with Operations, Engineering and Finance to ensure accurate asset tracking and reporting

·    Support process improvements, policy compliance, and internal control initiatives

·    Perform ad hoc analysis and special projects as assigned

·    Enter accounts payable invoices into Oracle, as needed

·    Process confidential accounts payable invoices that are not routed through DataServ

·    Ensure accounts payable payment runs are completed accurately and on schedule

·    Manage vendor wire payments

·    Manage vendor enrollment in ACH payments

 

Experience/Skills:

·     3+ years of accounting experience, preferably in fixed assets or manufacturing

·     Knowledge of IFRS, and fixed asset accounting principles

·     Experience with ERP systems and advanced Excel skills

·     Strong analytical, organizational, and communication skills

 

Education:

Bachelor’s degree in accounting, finance, or related field

MUST BE A SOLE US CITIZEN

Additional Job Details

CHECK OUT OUR CAREER OPPORTUNITIES: Nidec Power | Careers

Work Shift Schedule

First Shift (United States of America)

No Soliciting

Nidec will not accept unsolicited resumes from individual recruiters or third party recruiting agencies in response to Nidec job postings. No fee will be paid to third parties who submit unsolicited candidates directly to our hiring managers. Pre-approval from the Nidec Talent Acquisition team is required before any external candidate can be submitted and such candidate must be submitted to the Nidec Talent Acquisition team.