Fixed Asset Accounting Lead - V1

Job Description

Department Finance

Position Fixed Asset Accounting Lead

Location Reko Diq Mine Site – Balochistan

Qualification CA, ACCA, or equivalent professional accounting qualification.

Experience Minimum 8 years in finance, including at least 3 years in a similar role.

Requirements

• Strong knowledge of accounting principles, standards, and financial reporting requirements.
• Hands-on experience with SAP (Fixed Asset module) and/or other ERP systems such as Oracle.
• Excellent analytical and problem-solving skills with meticulous attention to detail.
• Proven leadership and team management abilities, with the capacity to mentor and develop staff.
• Strong communication and interpersonal skills to effectively collaborate with stakeholders.
  
  

Responsibilities

• Review costs capitalized in construction-in-progress and profit & loss accounts to ensure accuracy per IAS 16.
• Monitor the compilation of project costs into fixed asset accounts and close accounts upon project completion, including development and approval of asset addition forms.
• Conduct periodic meetings with project owners to track project progress and document rationale for long-outstanding projects.
• Track owners and other indirect costs capitalized in construction-in-progress and allocate costs to completed assets.
• Oversee acquisition, capitalization, tagging, and disposal of all fixed assets, maintaining the fixed asset register and system.
• Collaborate with EPCM to align capitalization of company-managed packages.
• Review and implement PPE accounting policies and procedures in line with the parent company, reconciling balances between local and group reporting.
• Assess indicators of impairment for assets and CGUs at each reporting period, performing impairment testing as needed.
• Work with the sustainability team to calculate and recognize asset retirement obligations, updating records periodically.
• Review newly signed contracts to identify leases and record them according to IFRS 17.
• Record depreciation, perform complex balance sheet reconciliations, and prepare financial reports and analysis for internal and external stakeholders.
• Ensure compliance with company policies, accounting standards (e.g., GAAP), and relevant laws, supporting internal and external audits.
• Develop and implement policies, procedures, and internal controls for fixed asset management, identifying opportunities for efficiency improvements.
• Coordinate with project management, tax, and other departments to provide information, resolve queries, and ensure accurate financial reporting.
• Mentor and guide junior staff, including Fixed Asset Technicians, providing direction on complex technical issues.