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Asset Accounting Manager
Job no: 943077
From humble beginnings in downtown Bendigo to supporting Australian communities far and wide- Myer has always been a special place, transcending beyond just a place to work.
Myer is a place for finding life-long friendships, a safe space with a big heart. Here, you’re encouraged to be yourself, share your ideas and are entrusted to deliver your very best. Some might even say it feels like being “right at home”.
MYER is looking for an Asset Accounting Manager who will be responsible for overseeing the end-to-end acquire to retire process. You will partner closely with the business to achieve accurate project reporting and timely capitalisation of assets. In addition, you will provide strategic insights and analysis to senior finance and business stakeholders, whilst championing continuous improvement in internal processes and controls in conjunction with other finance leaders.
- Exciting new opportunity in our Finance department
- Join our growing MYER team
- Flexible hybrid working model – mix of working in our Docklands Support Office and Work-From-Home
About the role:
- Assist in the preparation of capital expenditure (CAPEX) business cases and track capital work-in-progress to ensure alignment with approved budgets.
- Accurately distinguish between CAPEX and OPEX to ensure all eligible costs are capitalised in accordance with Accounting Standards
- Ensure the timely capitalisation of project related expenditure into the fixed asset register.
- Maintain timely and accurate financial records for capital asset development in retail store fit outs as well as corporate capital investment (e.g. information technology).
- Partner with project teams to monitor project milestones and update cost-to-complete forecasts.
- Perform monthly variance analyses comparing actual spend vs budget, clearly articulating reasons for variances and impacts on project estimates.
- Collaborate with tax teams to assess the deductibility of CAPEX for compliance and reporting purposes.
- Identify, lead and implement process improvements (including change management) to enhance efficiency of project and asset accounting.
- Deliver timely, accurate and high-quality reporting to the Audit Committee, whilst ensuring transparency and compliance.
About you:
- Chartered Accountant or CPA.
- 8–10 years of relevant experience in accounting or finance, with 3–5 years in project accounting or a related function
- Strong ability to engage with senior stakeholders as a subject matter expert for project and asset accounting.
- Experience in project accounting within retail, infrastructure, development, or related industries.
- Understanding of accounting standard requirements for capitalisation
- Experience managing the financial aspects of fixed assets and projects, from business case to capitalization and decommissioning/disposal
- Strong presentation skills and experience conveying complex financial matters to a variety of senior audiences.
Benefits to you:
- Generous team member discounts on all Myer products, including team-member exclusive discounts.
- Access to lifestyle leave and volunteer leave – arrange work around your life, not life around work.
- A supportive leadership and team network to set you up for success.
- Career growth and succession opportunities across the business.
Here, you’re not only an employee. You’re a valued Team Member with real dreams that we want to help you chase, no matter how big or small. At Myer, we’re all about making your work life meaningful. We want you to experience life’s special moments fully, which is why we take pride in offering balance and flexible options to get you to where you want to be.
Wherever you are and wherever you’re going, we’ll meet you there and get you to your destination. With your enthusiasm and our support, we’re fully committed to helping you thrive and flourish. The future lies in your hands.
Welcome Home!
Advertised: AUS Eastern Standard Time
Applications close: AUS Eastern Standard Time
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