Job Summary
· Accountable for recording the cost of newly-acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation, and accounting for the disposition of fixed assets.
Key Duties and Responsibilities
· Prepare accounts for acquisition of new assets
· Evaluate depreciation of assets
· Create and monitor a system of controls, procedures, and forms for the recording of fixed assets.
· Record fixed asset acquisitions and dispositions in the accounting system.
· Reconcile the balance in the fixed asset subsidiary ledger to the general ledger
· Assign tag numbers to fixed assets.
· Calculate depreciation for all 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.
· Conduct periodic physical counts of fixed 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.
· Carry out analysis on fixed assets following request from the management
· Keep track of the budget of the company and how much assets are costing the company in terms of tax and maintenance expenses
Requirements
Education and Work Experience
· Bachelor’s degree in business or accounting
· 2-3 years of fixed asset accounting experience.
Skills and Competencies
· Excellent accounting knowledge with regard to assets and properties in particular
· Strong estimation skills and ability to predict the fluctuation of values of assets
· Good communication, analytical and observation skills
· Ability to work with high precision and efficiency in preparing financial statements
· Excellent interpersonal, communication, and problem-solving skills
· Strong logical reasoning and ability to perform multiple tasks and deliver work assignments accurately and on time
· Strong computer skills and experience of working with computerized databases, Microsoft Office (particularly Excel with ability to use more advanced features and analytical tools). Experience of using computerized financial reporting systems.
· Working knowledge of requirements for fixed asset / component accounting.
· Ability to strategically review processes and coordinate improvements;
Benefits
Private Health Insurance
Paid time off
Learning and Development
