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xAI · 1 month ago

Fixed Asset Manager

Memphis, TN

Full-time

Onsite

Senior Level

5+ years exp

xAI is focused on creating AI systems that understand the universe and aid humanity. The Fixed Asset Manager is responsible for overseeing the accounting and reporting of xAI's fixed asset base, particularly in data center infrastructure, and ensuring compliance with U.S. GAAP while driving process efficiency.

Artificial Intelligence (AI)Foundational AIGenerative AIInformation TechnologyMachine Learning

Growth Opportunities

Responsibilities

Oversee the full lifecycle of fixed assets in xAI’s data centers, including acquisition, capitalization, depreciation, transfers, impairments, and disposal in accordance with US GAAP (ASC 360) and internal policies

Maintain and continuously improve the fixed asset subledger, performing monthly roll-forwards and audits to ensure completeness and accuracy of asset records

Lead physical inventories and cycle counts of data center equipment (servers, networking hardware, cooling systems, etc.), resolve discrepancies, and oversee asset tagging and tracking processes

Develop, analyze, and maintain depreciation schedules (straight-line and MACRS); provide forecasts of depreciation expense and capital expenditures to support budgeting and long-range planning for AI compute expansions

Partner with Engineering on asset installation and commissioning workflows to ensure timely and accurate accounting

Prepare fixed asset-related financial reporting, schedules, and disclosures for internal leadership, lenders, regulators, and external audits; perform impairment testing on high-value data center infrastructure as needed

Drive automation and process improvement initiatives (e.g., barcode/RFID integration, workflow tools, Power BI dashboards) to scale fixed asset accounting in a high-velocity environment

Ensure compliance with tax depreciation requirements and support tax fixed asset reporting

Serve as the subject-matter expert on fixed asset policy; draft and update capitalization policies, useful life tables, and componentization guidance tailored to data center assets

Qualification

U.S. GAAP knowledgeFixed asset managementTier-1 ERP proficiencyAccounting certificationData analysis skillsAnalytical mindsetCommunication skillsCollaboration skills

Required

Bachelor's degree in Accounting, Finance, or related field

5+ years of progressive accounting/management experience

Deep knowledge of U.S. GAAP fixed asset standards (ASC 360), including capitalization criteria, component accounting, useful life estimation, leases (ASC 842 interaction), and impairment testing

Hands-on expertise with Tier-1 ERP fixed asset modules (NetSuite, SAP, Oracle, or similar) and advanced Microsoft Excel / data analysis skills

Proven track record of designing and implementing fixed asset processes and controls in a high-growth environment

Strong analytical mindset with exceptional attention to detail and ability to distill complex technical assets into accurate accounting treatment

Excellent communication and collaboration skills; comfortable partnering with engineers and operations teams who may not have finance backgrounds

Ability to travel occasionally (estimated 5–10%) to data center locations for physical inventories and process reviews