Fixed Asset Accountant

Job Title: Fixed Asset Accountant

Department: Finance & Accounts
Reporting To: Chief Accountant
Company Coverage: PFC Group Companies
Location: Dubai

Job Summary

We are looking for a detail-oriented Fixed Asset Accountant to manage fixed asset accounting and support the preparation of monthly accounts for PFC Group companies.

The role will be responsible for maintaining accurate fixed asset records, depreciation, asset reconciliations, customer and intercompany invoicing, month-end closing, financial reporting, and coordination with Finance, Procurement, Stores, Operations, and Project teams.

Key Responsibilities

• Maintain and update the Fixed Asset Register from acquisition through disposal.
• Record asset acquisitions, transfers, disposals, write-offs, and assets under construction in accordance with company accounting policies.
• Verify purchase invoices, approvals, delivery documents, commissioning details, and other supporting documents for asset additions.
• Prepare monthly depreciation calculations and entries and reconcile the fixed asset register with the general ledger.
• Coordinate periodic physical verification and asset tagging and investigate missing, damaged, idle, or unrecorded assets.
• Maintain asset movement, custody, location, and supporting documentation.
• Prepare external customer and intercompany invoices based on approved contracts, rates, project records, timesheets, delivery notes, and other supporting documents.
• Review billing information for accuracy, including quantities, billing periods, project codes, tax treatment, and approvals.
• Prepare approved debit and credit notes and maintain billing and receivable schedules.
• Support month-end closing activities, including accruals, prepayments, depreciation, revenue, costs, and other accounting adjustments.
• Prepare monthly Profit & Loss, Balance Sheet, and supporting schedules for assigned companies.
• Perform monthly bank, receivable, payable, and balance sheet reconciliations and investigate outstanding differences.
• Prepare and maintain intercompany reconciliation schedules and resolve differences with Group companies.
• Prepare aging reports and follow up on outstanding receivables and payables.
• Support internal and external audits by providing accurate schedules, reports, and supporting documents.
• Maintain proper accounting records and ensure financial information is accurate, complete, and properly documented.
• Identify accounting discrepancies and recommend improvements to ERP processes and accounting procedures.

Key Requirements

• Bachelor's degree in Accounting, Finance, Commerce, or a related field.
• 2–4 years of relevant experience in accounting, preferably with fixed asset accounting experience.
• Experience in fixed asset management, depreciation, reconciliations, invoicing, and month-end closing.
• Good understanding of IFRS and general accounting principles.
• Experience with customer and intercompany invoicing is preferred.
• Strong knowledge of MS Excel and accounting/ERP systems.
• Experience in the Construction or Contracting industry is an advantage.
• Strong attention to detail and accuracy.
• Good analytical, reconciliation, and problem-solving skills.
• Good communication and coordination skills.
• Ability to work independently and meet monthly reporting deadlines.

Preferred Skills

• Fixed Asset Accounting
• General Ledger & Month-End Closing
• Bank & Balance Sheet Reconciliation
• Customer & Intercompany Invoicing
• Accounts Receivable & Payable
• Depreciation & Asset Verification
• IFRS & Accounting Standards
• Microsoft Excel
• ERP / Accounting Software
• Construction Industry Accounting

Ideal Candidate

The ideal candidate will be a detail-oriented accounting professional with strong experience in fixed asset accounting and monthly financial reporting, who can maintain accurate records, complete reconciliations, identify discrepancies, and work effectively with different departments to meet reporting deadlines.

Experience:

• relevant accounting: 3 years (Required)
• Construction industry: 1 year (Required)

License/Certification:

• UAE Driving License (Required)

Work Location: In person