Assistant Accountant I - Fixed Assets
Closing: Mar 15, 2023
This position has expiredPublished: Mar 2, 2023 (28 days ago)
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Job Summary
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Qualifications:
- Undergraduate degree in Finance, Accounting or related field
- Minimum of CPA II or ACCA II
- At least 3 years of wide-ranging work experience in a finance office.
- In-depth knowledge and experience in computerized accounting systems.
- In-depth knowledge of Fixed Assets management an added advantage.
- Ability to meet assigned deadlines, support team members & uphold team spirit
Competencies:
• Demonstrate high levels of integrity and confidentiality
• Excellent interpersonal, verbal and written communication skills
• Strong Organizational, planning and administrative skills
• Strong attention to detail and ability to work with minimal supervision
• Teamwork with the ability to work diverse teams
Responsibilities
Qualifications:
- Undergraduate degree in Finance, Accounting or related field
- Minimum of CPA II or ACCA II
- At least 3 years of wide-ranging work experience in a finance office.
- In-depth knowledge and experience in computerized accounting systems.
- In-depth knowledge of Fixed Assets management an added advantage.
- Ability to meet assigned deadlines, support team members & uphold team spirit
Competencies:
• Demonstrate high levels of integrity and confidentiality
• Excellent interpersonal, verbal and written communication skills
• Strong Organizational, planning and administrative skills
• Strong attention to detail and ability to work with minimal supervision
• Teamwork with the ability to work diverse teams
- Record fixed assets by creating and supervising a system of procedures, forms, and controls
- Recommend any updates to accounting policies affecting fixed assets to management
- Allocate tag numbers to fixed assets to effectively track them from time to time
- Record in the accounting system newly acquired fixed assets
- Review all expense general ledger accounts and passing the appropriate journal entries to ensure that capital items are not expensed
- Coordinate disposal of obsolete fixed assets in conjunction with the procurement team and passing the requisite journals to record the disposals in the FMS
- Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects
- Perform reconciliation of fixed asset ledger balance with the general ledger
- Liaise with various departmental asset custodians to reconcile assets and update the asset register
- Perform depreciation calculation for all fixed assets
- Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets
- Carry out periodic reviews on intangible assets’ impairment
- Track assets movements by ensuring all transfers are initiated and completed online to have an accurate asset register
- Coordinate physical verification of fixed assets as per policy and reconcile to the asset register
- Provide Fixed Assets management reports
- Create fixed asset related audit schedules, and collaborate with auditors on their assignments
- Regularly communicate Fixed assets policy and procedures to staff
- Filing all assets-related documentation
- Tracking of the WIP movement from start of the project until completion
- Assist Financial Accountant to ensure that all assets are insured by preparing a schedule of fixed assets for insurance renewal every financial year and subsequently send any new asset acquisition to the insurer for addition to insurance schedule
- Coordinate insurance claims for lost or damaged assets as per insurance policy
- Any other task allocated by Head the of Department/Supervisor

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