Fixed Assets Unit Manager

منذ 2 أيام

Riyadh, Riyadh Region, المملكة العربية السعودية Confidential دوام كامل
We are seeking a Fixed Assets Unit Manager to lead fixed asset accounting and control. The role covers asset recording, tracking, depreciation, and disposal in line with international accounting standards (IFRS/GAAP) and company policies. It also ensures effective controls to safeguard assets, supports audits, and collaborates with operations and project teams to optimize capital expenditure and asset utilization.

Key Responsibilities
• Maintain the fixed asset register and ensure data accuracy in the ERP system.
• Oversee asset capitalization, tagging, and depreciation calculation in line with accounting standards.
• Review and approve asset additions, transfers, impairments, and disposals.
• Ensure compliance with company policies on asset capitalization and management.
• Prepare and review monthly depreciation entries and general ledger reconciliations.
• Analyze asset movements and ensure subledgers match the general ledger.
• Support monthly and annual closing, including preparing the schedules and reports required for audit.
• Implement and monitor internal controls over fixed assets to prevent loss or misuse.
• Coordinate periodic physical asset counts and reconcile them with accounting records.
• Ensure compliance with IFRS/GAAP in accounting for capitalization, impairment, and disposal.
• Support internal and external audits by providing required documents and data.
• Collaborate with project and operations teams to ensure capital costs are recorded correctly.
• Track Work in Progress (WIP) and ensure assets are capitalized promptly upon project completion.
• Monitor and review capital expenditure against budgets and forecasts.
• Prepare fixed asset reports, capex reports, and performance dashboards for management.
• Analyze trends in depreciation, WIP, and asset utilization to support decision-making, and provide insights to improve the company’s capital investment strategy.
• Lead and develop the fixed asset accounting team.
• Identify automation and efficiency opportunities in asset tracking processes.
• Establish best practices for asset management across the company.

Requirements:
• Bachelor’s degree in Accounting, Finance, or a related field (Master’s preferred).
• 6–10 years of experience in accounting, including at least 3 years in fixed assets management or similar areas.
• Strong knowledge of IFRS/GAAP, asset accounting, and internal controls.
• Experience with ERP systems (such as SAP, Oracle, or NetSuite) and advanced Excel skills.
• Professional certification such as CPA, CMA, or ACCA (a plus).