assistant manager fixed assets

15 hours ago

Islamabad, Islamabad, Pakistan Zong Business Solutions Full time

Job Purpose: The AM Fixed Assets is someone who has the knowledge and expertise to handle and record end to end processes of Fixed Assets domain. The prime role of AM Fixed Assets is accounting and reporting of the fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation and accounting for the disposition of fixed assets, meanwhile ensuring complete compliance with IFRS/ Group Accounting Manual Job Responsibilities:

  • Maintaining the Fixed Assets Books in Oracle Financial, daily transactions and their reporting activities
  • Recording of routine/non-routine capitalization transactions of Fixed Assets
  • Run & complete depreciation process for all the company's assets
  • Maintain schedule of Capital Work in Progress i.e. accruals/advances etc. including performing ageing analysis to identify both long outstanding balance & exposure to credit-risk vendors
  • Perform impairment testing and remain vigilant for both internal and external indicators as prescribed in the IFRS.
  • Independent handling of all daily and closing activities related to Fixed Assets and its reporting Acquire a sound business understanding of the relevant fixed assets domain
  • Identify and support implementation of end-to-end process improvement initiatives.
  • Act as a key contact person for resolution of queries from finance and non-finance departments.
  • Support the implementation of changes in group policies and procedures in accounting for fixed assets.
  • Recording of Disposals in Fixed Asset Module as per process/policy

Eligibility Criteria (Education, Knowledge, Experience and Skills): Education:
  • Bachelor's / CA Inter/ ACCA/ ICAEW/MBA

Work Experience
  • Minimum of 3 to 5 years of working experience including Telecom Industry and Fixed Asset role.

Skills - Generic:
  • Oracle Financials (experience of Fixed Assets Module would be a plus)
  • MS office

Skills - Job Specific:
  • Sound knowledge of relevant International Accounting Standards.
  • Experience of presenting financial results, variance analysis
  • Understanding of fixed assets recording & closing process.
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