About the Role
Process asset acquisitions, transfers, disposals, write-offs, and retirements in accordance with company policies and accounting standards.
Responsibilities
- Conduct periodic physical inventory and verification of fixed assets and reconcile findings with accounting records.
- Monitor asset clearing accounts and ensure timely capitalization of completed projects, purchases, and asset-related expenditures.
- Review supporting documents related to asset purchases, construction-in-progress (CIP), and capital expenditures for accuracy and completeness.
- Coordinate with Procurement, Engineering, IT, Operations, and other departments regarding asset movements and status updates.
- Prepare asset reconciliation reports and investigate discrepancies between physical inventory and recorded balances.
- Monitor depreciation schedules and ensure accurate recording of depreciation expenses and asset valuations.
- Assist in the preparation of reports related to fixed assets, capital expenditures, and asset utilization for management review.
- Ensure proper asset tagging, identification, and documentation for all newly acquired company assets.
- Support internal and external audit requirements by providing asset schedules, reconciliations, and supporting documentation.
- Monitor compliance with company policies, accounting standards, and regulatory requirements related to fixed assets.
- Assist in the disposal process of obsolete, damaged, or unserviceable assets and ensure proper documentation and approvals.
- Maintain organized records of asset transactions, warranties, service agreements, and supporting documents.
- Recommend improvements in asset management, monitoring, and control procedures to strengthen accountability and operational efficiency.
QUALIFICATIONS
- Bachelor's degree in Accountancy, Accounting Technology, Financial Management, or a related business course.
- At least 1–3 years of experience in fixed asset accounting, asset management, general accounting, or a related finance function.
- Knowledge of fixed asset accounting, asset capitalization, depreciation, and reconciliation processes.
- Familiarity with accounting standards, internal controls, and financial reporting requirements.
- Experience in conducting physical asset inventory and asset verification is an advantage.
- Proficient in Microsoft Office applications, particularly Excel.
- Strong analytical, organizational, and problem-solving skills.
- Excellent attention to detail and accuracy in handling financial records and asset documentation.
- Good communication and interpersonal skills with the ability to coordinate effectively with different departments.
- Ability to manage multiple tasks, meet deadlines, and work independently with minimal supervision.
