Senior Accountant - Fixed Assets

Recruiter
VIVA – Kuwait Telecom Company K.L.L
Location
Kuwait
Salary
Competitive salary
Posted
25 Jun 2019
Closes
25 Aug 2019
Ref
3945766
Job role
Accountant
Sector
Accounting - Public practice
MAIN PURPOSE OF JOB
 To maintain VIVA fixed assets and strengthen internal controls in accordance with company policies, international financial and accounting reporting standards in order to safeguard the company against any financial risk.

JOB OBJECTIVES


  • Set in place and maintain a comprehensive and effective system of financial controlling and recording mechanisms and making full use of VIVA Telecom’s Information Technology capabilities.

  • Conduct asset valuation of equipment, vehicles, machinery, land, buildings and constructed assets and record multiple funding sources for an effective record keeping and asset maintenance.

  • Assist in the analysis of construction-in-progress (CIP) projects and provide project specific reporting to track actual vs. budget.

  • Ensure adherence to guidelines for acquisition, maintenance, retention and disposition of fixed assets and associated records.

  • Conduct fixed assets register in the financial system on a periodic basis (monthly, quarterly and yearly) to ensure transactions are effectively captured.

  • Prepare and post journal entries necessary to effectively reflect additions and depreciation of fixed assets in the general ledger on a monthly basis.

  • Assist in the reconciliation of fixed assets records in general ledger and rectify and resolve variances as required to ensure no financial risk and gaps remain.

  • Conduct disposal and replacement planning analysis and provide recommendation on the same, based on remaining useful life, repair costs, severity of condition and total utilization of assets.

  • Conduct scheduled physical counts of fixed assets in line with the set standards.

  • Ensure significant inventory discrepancies are investigated and resolved, prepare reports on alleged theft, misuse of property or problems encountered in property management and write-off unrecoverable assets.

  • Conduct scheduled closing and ensures all applicable reports related to Fixed Assets are generated in an accurate manner.

  • Ensure the accuracy, correctness and compliance to established practices of all accounting transactions within the area of authority.

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