Fixed Assets Section Head

Job Responsibilities :

• Oversee the tracking and management of fixed assets, including acquisitions, disposals, and transfers.
• Ensure compliance with fixed asset policies and procedures.
• Calculate and record depreciation and amortization for fixed assets accurately.
• Maintain depreciation schedules and documentation.
• Conduct regular fixed asset audits and reconciliations to ensure accuracy.
• Investigate and resolve discrepancies.
• Provide data and documentation for financial statements and reports related to fixed assets.
• Support audits and financial analysis.
• Identify opportunities to streamline fixed asset management processes.
• Implement best practices in fixed asset accounting.
• Follow policies and procedures covering all areas of reporting functional activity so that all relevant procedural/legislative requirements are fulfilled and to ensure efficient, effective and deliverables always.
• Set-up new assets in the Enterprise Resource Planning (ERP) system.
• Reconciles fixed assets module with related fixed assets general ledger and coordinates any variances with relevant fixed assets.
• Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
• Recommend to management any updates to accounting policies related to fixed assets.
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Investigate the potential obsolescence of fixed assets.
• Conduct periodic impairment reviews for intangible assets.
• Recommend to management whether fixed assets should be disposed of.
• Conduct analyses related to fixed assets as requested by management.
• Prepare audit schedules relating to fixed assets and assist the auditors in their inquiries.
• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
• Oversees the development and implementation of systems, and controls to ensure that the quality and allocation are properly accounted for.
• Support financial statement audits.
• Support other accounting projects, as necessary.
• Prepares accounting and financial reports for monthly, quarterly, and year-end financial packages and financial statements including recording, classifying, and summarizing financial transactions.

Qualifications :

University degree in Accounting or Business Administration.

Experience :

Minimum of 7 years of relevant experience in a relevant sector including at least 2 years in Fixed Assets.