Job Summary:
The Fixed Asset Accountant is responsible for managing and maintaining the company's fixed asset records, ensuring accurate capitalization, depreciation, disposals, and compliance with accounting standards and internal policies. This role plays a critical part in financial reporting, audit support, and asset lifecycle management.
Responsibilities:
Fixed Asset Management
- Maintain and update the fixed asset register, ensuring completeness and accuracy
- Record asset acquisitions, right of use asset capitalization, transfers, disposals, and retirements
- Ensure proper asset classification and capitalization in line with company policy
Depreciation & Amortization
- Calculate and post monthly depreciation and amortization entries
- Review useful lives, residual values, and depreciation methods periodically
- Ensure compliance with applicable accounting standards (e.g., IFRS, GAAP)
Capital Expenditure (CapEx) Monitoring
- Track and reconcile capital expenditures against approved budgets
- Review CapEx requests and ensure proper documentation and approvals
- Work closely with operations/project teams on asset capitalization
Reconciliation & Reporting
- Perform monthly reconciliation of fixed asset subledger to general ledger
- Prepare fixed asset roll-forward schedules and supporting reports
- Assist in month-end and year-end closing processes
Audit & Compliance
- Support internal and external audits by providing asset documentation and schedules
- Ensure compliance with company policies, tax regulations, and accounting standards
- Assist in physical asset counts and periodic asset verification
Process Improvement
- Identify and implement improvements in fixed asset processes and controls
- Assist in system enhancements (e.g., ERP, asset management modules like Xero, SAP, NetSuite)
Skills Requirements:
- Bachelor's degree in Accounting, Finance, or related field.
- CPA or equivalent certification is an advantage.
- 2+ years of experience in fixed assets or general accounting.
- Strong knowledge of depreciation, capitalization policies, and right of use asset accounting
- Experience with accounting systems (e.g., Xero, SAP, NetSuite, Oracle).
Education Requirements:
- Bachelor's Degree, First Degree, Trade/Vocational School certificate or Equivalent required. Degree in Accounting, Business, Finance or related field preferred.
