Fixed Assets Accountant

Mission:

• To ensure the Fixed Assets of the company are properly recorded and accounted for, by using a totally integrated financial approach.

Roles & Responsibilities:

• To liaise with respective user divisions to reconcile Fixed Asset additions.
• To observe and check the tag number of fixed assets periodically to avoid any mismatch or wrong tag number.
• To maintain fixed asset accounting records and reconcile the fixed asset register to the general ledger and ERP balance monthly.
• To calculate and record depreciation for all fixed assets in accordance with GAAP for financial statement reporting and tax regulations.
• To review CAPEX purchase requisitions and maintain all fixed asset records in the fixed asset register to ensure compliance with PPPs on asset acquisition.
• To analyze the CAPEX invoices of main vendors and reconcile them against PO and Contract and control the payments
• Review, interpret and apply fixed assets policies to fixed asset transactions, including purchase, valuation, revaluation, accruals, and disposal and communicate them with all stakeholders.
• To provide supporting documents, records, and schedules to meet audit/regulatory requirements.
• To receive disposals and movement forms from different divisions and record them in the fixed asset register and database.
• To review and control asset useful life during the fiscal year and update them in FAR if necessary.
• Calculate and book revaluation of fixed asset accruals monthly and prepare related reports for management.  
• To update the decommissioning file with new quotations and rates (WACC and Discount) to book respective provisions and costs.
• To review, control, validate, and post all orders in transit and warehouse transactions to ensure all the shipped and received equipment values are reflected in financial statements accurately.
• To reconcile warehouse balance against inventory and WIP accounts and follow to make the required adjustments and post the vouchers.

Education:

• Bachelor's degree in Financial Management or Accounting
• A professional accounting qualification (ACA, CPA, ACCA) is an advantage.

Experience:

• Minimum of 3 years of experience in the area of specialization; 
• Experience working in a medium organization 
• Fixed asset accounting, fixed asset tracking, and general ledger experience are desirable.

Technical Competencies:

• Financial Administration
• Reporting and Analysis
• Accounting Principles
• Local Accounting Standards
• Financial Statement
• Taxation
• Reconciliation