Sr Fixed Asset Accountant

Founded in 1898 and headquartered in Chicago, IL, GATX Corporation (NYSE: GATX) is an industry leader with 125+ years of success-success that is powered by our people. We are proud of our high-performance culture, hard-working and enthusiastic management team, and beautiful office space in the Willis Tower.

At GATX, we hire the best and offer our employees a dynamic, energetic, collaborative environment to enable them to make an impact from day one. Enjoy the perks and benefits of a global company with the close-knit culture and community of a much smaller one. In the same way we strive to empower our customers to propel the world forward, we are dedicated to providing our people with the tools and resources they need to advance in their careers.

This position is responsible for performing accounting functions related to all fixed assets in GATX's Joint Venture (JV) entities, including leases accounted for as finance leases and operating leases where the JV is the lessee. This includes the accurate and timely recording of transactions and assisting in maintaining the integrity of the general ledger and Fixed Asset subledger.

JV Monthly Accounting and Reporting
• Perform monthly close procedures, including retirement and disposal of fixed assets, record intercompany sales of assets between JV entities, capitalization of repairs, review and record entries associated with finance leases and run depreciation.
• Perform variance analysis explaining fluctuations of income statement and balance sheet fixed assets accounts in the JV Monthly/Quarterly Operating Reports and monthly/quarterly reporting to our JV partner.
• Reconcile fixed asset balance sheet accounts and review of income statement for reasonableness and accuracy.
• Prepare quarterly and annual supporting schedules as required for financial reporting department in accordance with 10-Q and 10-K disclosure requirements
• Assist with internal and external audit requests.
• Be the primary point of contact with departments across the organization for recording of fixed asset transactions in the JV.
• Maintain the Fixed Asset subledger in SAP for rolling assets of US, Canadian, Mexican and Locomotive operations.
  • Ensure fixed asset transactions (capitalization, dispositions, IC transfers and depreciation) are properly recorded in accordance with company polices and all applicable balances are properly stated.
  • Maintain integrity of fixed asset accounts across all JV G/L entities.
  • Oversee all related elimination entries as required.
• Maintain operating leases in ProLease where the JV is the lessee
  • Ensure all aspects of the lease are properly recorded in accordance with company policies.
  • Add, remove and update leases as needed.
  • Oversee proper recording of information from ProLease into the general ledger in SA.
• Special Projects
  • Perform adhoc requests and special projects as requested, such as providing net book value reports for potential sale transactions and impairment analyses.

• Bachelors Degree required; Accounting or Finance preferred
• CPA or working towards one desired
• 3-5 years of accounting experience
• Fixed Asset experience a plus, but not required
• Solid understanding of basic accounting and associated accounting skills

This is a hybrid position that will require the employee to work in the office at least 3 days a week throughout the year.