Fixed Asset Accounting Manager

Kimberly Chulick

Santa Monica, CA ***** 310-***-**** ***************@*****.***

SUMMARY

Highly skilled Accounting Professional with extensive experience in full cycle accounting, review of original transactions, posting journal entries, financial statement preparation. Subject Matter Expert in Fixed Asset and Lease accounting.

Participated in numerous year-end/month end closings

Regularly met tight deadlines with complete accuracy

Extensive experience preparing for audits and interacting with auditors

Developed internal controls in adherence to SOX compliance

Trained and developed staff/senior accountants

PROFESSIONAL EXPERIENCE

Independent Consultant - Los Angeles, CA 2024-Present

Interim Accounting Manager Consultant

Streamlined the CAPEX approval process, improving spend monitoring and budget alignment.

Updated the Fixed Asset policy, ensuring compliance with accounting standards and internal controls.

Developed a Fixed Asset Rollforward, enhancing tracking and reporting of asset movements.

Reviewed CIP (Construction in Progress) transactions, ensuring accurate capitalization and depreciation treatment.

Conducted CAPEX cleanup, ensuring proper classification of expenditures as assets versus expenses.

Reconciled Right-of-Use (ROU) asset and liability accounts, ensuring accuracy in lease accounting.

Performed month-end reconciliations and flux analysis, identifying key variances and financial trends.

99 Cents Only Stores - Los Angeles, CA 2022-2024

Fixed Assets and Lease Accounting Manager

Responsible for the entire accounting and reporting process of fixed assets and lease accounts for 400 stores and real estate properties.

Review and approve journal entries, account reconciliations, and audit schedules.

Assist in implementation of ASC 842 lease accounting standard, including the implementation of new lease administration and accounting system.

Assist with special projects and financial reporting as well as ensure compliance with GAAP and SOX requirements.

Review all aspects of occupancy costs (rent, CAM, insurance) to make sure they are recorded correctly.

Develop, implement, and maintain systems and procedures and policies to ensure adherence with internal controls.

Responsible for process improvement through recommending efficient and effective processes.

American Golf Corporation – Los Angeles, CA 2015-2022

Fixed Assets Manager

Responsible for the management of Fixed Asset System for 75 golf courses throughout the United States.

Revised and reviewed fixed asset policy recommending updates to current policy in place.

Ensured compliance to SOX and American Golf capitalization policies with respect to capitalization threshold and depreciation methods.

Approved all authorization for expenditures ensuring adherence to capital expense budget.

Part of the team which conducted asset verification counts at all golf courses and analyzed results.

Reviewed all assets estimated useful lives periodically.

Recorded fixed asset acquisitions, transfers, and dispositions.

Union Bank – Monterey Park, CA 2013-2014

Fixed Assets Specialist Consultant

Assist VP of Property and Equipment with the management of Fixed Asset System during implementation and transition to PeopleSoft software, recommending any updates to accounting policies

Recorded fixed asset acquisitions, transfers, and dispositions.

Ensured compliance to SOX and Union Bank capitalization policies with respect to capitalization threshold and depreciation methods.

Tracked all fixed asset accounts including construction in progress and software development in process accounts and reconciled to general ledger monthly.

Worked with corporate real estate group to resolve issues related to branch openings, closures, and other movements.

Conducted analyses related to fixed assets as requested by management.

International Lease Finance Corporation – Los Angeles, CA 1994 to 2012

Specialized in Fixed Asset Accounting. Recorded purchases of assets from initial project stage to final stage of completion, tracking all costs incurred. Analyzed all gains and losses associated with sales/disposals of assets.

Reviewed all company cash transactions.

Accounting Manager (2005 to 2011)

Managed asset portfolio with net book value of approximately $50B.

Completed $2B sale of 52 commercial aircraft, recording and providing all sales calculations to buyer.

Recorded purchases of nearly 200 commercial aircraft (total cost >$10B).

Implemented and tested a new depreciation system in Oracle increasing flexibility and reducing system margin of error by $10M annually.

Reduced processing/review time 50% for all cash transactions.

Financial Analyst (2002 to 2005)

Assisted with budgeting and forecasting.

Reviewed subsidiary companies and assisted in audit preparation of each company.

Analyzed budget variances.

Performed financial ratio analysis.

Completed special projects as needed and researched historical information.

Senior Accountant (1997 to 2002)

Prepared financial statements and supporting schedules.

Reconciled various balance sheet accounts.

Maintained and balanced subsidiary accounts by verifying, posting, reconciling transactions; resolving discrepancies.

Assisted with financial and tax audits.

Prepared and recorded asset, liability, revenue, and expenses entries by analyzing accounts.

Staff Accountant (1994 to 1997)

Prepared monthly journal entries.

Reconciled all bank accounts.

Computed monthly rental fees and billed customers accordingly.

Corresponded with customers to resolve discrepancies and followed up on outstanding balances.

EDUCATION

Bachelor of Business Administration in Accounting

Kent State University, Kent, OH

TECHNICAL SKILLS

Oracle, PeopleSoft, Excel, SAP, JDEdwards

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