Fixed Asset Accountant

Job Description

Job Description

Roles & Responsibilities

Exciting Opportunity for Fixed Asset Accountants!
Are you a detail-oriented Fixed Asset Accountant looking to advance your career in a dynamic environment? We are seeking a highly skilled professional to manage and maintain our fixed asset register, ensuring accuracy, compliance, and efficiency in financial reporting. This role provides an excellent opportunity to work closely with cross-functional teams while driving process improvements in fixed asset management.

Key Responsibilities:

1. Fixed Asset Management:
   • Maintain and update the fixed asset register, ensuring accurate classification and tracking.
   • Record new acquisitions, disposals, transfers, and impairments of fixed assets.
   • Conduct periodic physical verification of fixed assets to ensure alignment with records.
2. Depreciation & Compliance:
   • Calculate and record depreciation and amortization expenses in compliance with company policies and accounting standards (e.g., IFRS).
   • Review and update depreciation schedules as needed.
   • Ensure compliance with UAE VAT regulations and other relevant accounting standards.
3. Financial Reporting & Audit Support:
   • Prepare and reconcile fixed asset-related reports for monthly, quarterly, and annual financial statements.
   • Assist in the preparation of audit schedules and provide support during internal and external audits.
   • Implement and maintain fixed asset accounting policies and procedures.
4. Capital Expenditure & Project Monitoring:
   • Monitor and report on capital expenditure projects, ensuring proper capitalization of costs.
   • Collaborate with project managers and departments to track project progress and costs.
5. Process Improvement & Best Practices:
   • Identify opportunities to streamline fixed asset accounting processes and improve efficiency.
   • Recommend and implement best practices for fixed asset management.
6. Cross-Functional Collaboration & Support:
   • Work closely with procurement, operations, and finance teams to ensure accurate recording and reporting of fixed assets.
   • Provide guidance and support to other departments on fixed asset-related matters.