Senior Fixed Assets Accountant
- Recruiter
- Bayt.com
- Location
- Riyadh, Saudi Arabia
- Salary
- Competitive
- Posted
- 09 Sep 2017
- Closes
- 11 Sep 2017
- Job role
- Accountant, Financial accountant
- Sector
- Accounting - Public practice
JOB PURPOSE
The role holder is responsible for processing fixed asset transactions, performing month-end closing procedures and ensuring fixed asset activity is presented in accordance with accounting standards in the organization financial statements.
- KEY RESPONSIBILITIES
Core Responsibilities
Fixed Asset Management
Administers the fixed assets module in Oracle ERP.
- Maintains, verifies and updates the Fix Assets register through physical count and administers the tagging process with the HR and Administration Department.
- Records fixed asset transactions in Oracle, including set-up of capital expenditures, transfer of expenditures from CIP to in-service asset records and processing fixed asset disposals.
- Tracks the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
- Tracks company expenditures for fixed assets in comparison to the capital budget and management authorizations.
- Reconciles the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
- Compiles and analyses financial information to prepare entries to accounts, such as, general ledger accounts, documenting business transactions and completing corresponding reconciliations.
- Prepares and analyses financial information detailing assets, liabilities, capital, income and expenses.
- Prepares and completes month-end close processing ensuring that all deadlines are met in accordance with the established closing dates.
- Reviews, investigates and corrects errors and inconsistencies in financial entries, documents and reports.
- Conducts analyses related to fixed assets as requested by management.
- Communicates and coordinates with both internal and external auditors and satisfies their requests for information in a timely manner.
Reporting
- Prepares ad-hoc reports as requested by the seniors.
- Self-Management Responsibilities
Defines performance goals at the start of the year in discussion with the reporting manager and ensures that the goals are achieved during the course of the year.
- Identifies the training and development requirements for self and agrees on them with the reporting manager to ensure that the required trainings are arranged and attended.
- Strives to achieve the highest levels of proficiency on all the competencies and skills required to perform the role.
- Keeps abreast of professional developments, new techniques and current issues through continued education and professional growth.
The role holder is responsible for processing fixed asset transactions, performing month-end closing procedures and ensuring fixed asset activity is presented in accordance with accounting standards in the organization financial statements.
- KEY RESPONSIBILITIES
Core Responsibilities
Fixed Asset Management
Administers the fixed assets module in Oracle ERP.
- Maintains, verifies and updates the Fix Assets register through physical count and administers the tagging process with the HR and Administration Department.
- Records fixed asset transactions in Oracle, including set-up of capital expenditures, transfer of expenditures from CIP to in-service asset records and processing fixed asset disposals.
- Tracks the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
- Tracks company expenditures for fixed assets in comparison to the capital budget and management authorizations.
- Reconciles the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
- Compiles and analyses financial information to prepare entries to accounts, such as, general ledger accounts, documenting business transactions and completing corresponding reconciliations.
- Prepares and analyses financial information detailing assets, liabilities, capital, income and expenses.
- Prepares and completes month-end close processing ensuring that all deadlines are met in accordance with the established closing dates.
- Reviews, investigates and corrects errors and inconsistencies in financial entries, documents and reports.
- Conducts analyses related to fixed assets as requested by management.
- Communicates and coordinates with both internal and external auditors and satisfies their requests for information in a timely manner.
Reporting
- Prepares ad-hoc reports as requested by the seniors.
- Self-Management Responsibilities
Defines performance goals at the start of the year in discussion with the reporting manager and ensures that the goals are achieved during the course of the year.
- Identifies the training and development requirements for self and agrees on them with the reporting manager to ensure that the required trainings are arranged and attended.
- Strives to achieve the highest levels of proficiency on all the competencies and skills required to perform the role.
- Keeps abreast of professional developments, new techniques and current issues through continued education and professional growth.
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