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Seniority (Accounting, finance, banking, insurance, Manufacturing)
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Dangote Group
Manufacturing
Description
Qualification and Experience
- Bachelor’s degree in accounting/finance with ICAN/ACCA certification or advanced stage.
- Strong knowledge of IFRS (IAS 16, IAS 36, IAS 23) and fixed asset lifecycle processes.
- Proficiency in SAP and advanced Excel.
- 5+ years managing large asset registers, WIP, reconciliations, and audits.
- High attention to detail, strong analytical skills, and ability to work under pressure.
Responsibilities
- Approve AUC (Asset Under Construction) codes and ensure proper account assignment for fixed asset-related PR/PO.
- Establish, implement, and monitor systems of internal controls, procedures, and documentation for accurate fixed asset recording.
- Review and approve periodic impairment assessments for tangible and intangible assets.
- Oversee timely and accurate recording of asset acquisitions, transfers, capitalization, and disposals in the accounting system.
- Monitor compilation of project costs into fixed asset accounts and ensure prompt closure of completed AUC projects.
- Conduct periodic reviews of the fixed asset register to identify and validate asset disposals or write-offs.
- Reconcile fixed asset subsidiary ledger balances with the general ledger on a monthly basis.
- Oversee depreciation calculations and posting for all fixed, intangible, and ROU assets.
- Prepare and review audit schedules related to fixed and intangible assets; liaise with internal and external auditors.
- Review and reconcile specific general ledger accounts related to fixed asset activities.
- Conduct and present analyses on fixed assets performance, utilization, and lifecycle for management decision-making.
- Track capital expenditures and compare against approved capital budgets and management authorizations.
- Recommend and drive updates to fixed asset accounting policies and processes in line with best practices and IFRS standards.
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