Fixed Asset Specialist

STATEMENT OF DUTIES

• Maintain accurate records of fixed assets, including acquisitions, disposals, transfers, and depreciations.
• Prepare monthly lapsing schedule
• Perform regular reviews to ensure assets are correctly classified and coded.
• Collaborate with cross-functional teams to validate and verify asset data.
• Reconcile fixed asset balances to general ledger accounts and resolve discrepancies.
• Coordinate physical asset verifications and update records accordingly.
• Analyse and explain variations between expected and actual depreciation expenses.
• Assist with monthly/quarterly/annual variance analysis related to fixed assets.
• Contribute to the preparation of financial statements by preparing and posting journal entries.
• Assist in ensuring compliance with company policies, accounting standards, and regulatory requirements.
• Participate in the execution of internal controls related to fixed assets.
• Work closely with cross-functional teams including Procurement, Operations, and Finance to gather
  relevant asset information.
• Collaborate with auditors during internal and external audits.
• Identify opportunities to enhance fixed asset accounting processes and recommend improvements.
• Support special projects and initiatives as assigned by management.

Job Qualifications

• Strong understanding of Generally Accepted Accounting Principles (GAAP).
• Proficiency in accounting software and Microsoft Excel.
• Detail-oriented with strong analytical and problem-solving skills.
• Ability to work independently and collaboratively in a team environment.

Education

• Bachelor’s degree in Accounting, Finance, or related field.

Work Experience

• Minimum of 2 years of experience with fixed asset accounting is preferred.