Sr Fixed Asset Accountant-Corporate

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 for all fixed assets in GATX’s Rail North America and Corporate Segments, 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.

Maintain Fixed Asset Ledger in SAP for US, Canadian, and locomotive operations, including rolling stock assets, operating PP&E assets, and corporate assets.

Monthly Accounting and Reporting

• Perform monthly close procedures, including retirement and disposal of assets, record intercompany sales between entities, capitalization of repairs, review and record entries associated with finance leases, and run depreciation
• Perform variance analysis explaining fluctuations of the income statement and balance sheet fixed assets accounts
• Perform account reconciliation of fixed assets balance sheet accounts
• Prepare quarterly and annual supporting schedules as required for the financial reporting department in accordance with 10-Q and 10-K disclosure requirements
• Assist with internal and external audit requests.
• Assist facilities finance with the proper recording of all maintenance facility assets.
• Monitoring and tracking of capital purchases at maintenance facilitates accurate and timely asset capitalization.

Maintain Operating Lease Ledger in ProLease for all segments, including sale-leaseback railcars, real estate, and equipment leases.

• 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 SAP.

Special Projects

• Perform ad hoc 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 is 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.