Senior Asset Management Specialist

1 day ago

Karachi, Sindh, Pakistan beBeeAsset Full time 4,500,000 - 6,000,000
Job Summary

The role of Asset Manager involves overseeing the administration of Fixed Assets Register, formulation of fixed asset accounting for tangible and intangible assets, analysis of capital expenditure, and reporting. This position ensures compliance with fixed asset policies and procedures.

The individual will facilitate internal auditors, external auditors, government auditors, and other regulatory authorities by providing key documents for audit purposes and resolving any queries or issues as needed.

Responsibilities:
  • Monitor and maintain accurate fixed asset records from the date of asset acquisition and periodically verify asset balances and availability through inspection and physical counts.
  • Review depreciation methodologies and rates, report to higher management at regular intervals, and ensure they align with applicable regulations and standards.
  • Facilitate Tariff Department in providing MIS reports related to Oil and Gas Regulatory Authority templates, government, and external auditors.
  • Supervise and review un-posted mass additions documents (receiving invoice and GL accounting) and reconciliation for timely capitalization of assets.
  • Approve inspection of assets to be retired and review Asset Retirement Advices (ARA).
  • Review Vehicle Dashboard (MIS) and present key assets to senior management.
  • Oversee inventory and supply chain management according to company guidelines.
  • Prepare daily reports on stores activity regarding receiving, issuing, transfer, and return of stocks.
  • Reevaluate inventory records including stock position, value, aging records as per accounting standards.
  • Review variance reports on Inventory module and General Ledger pertaining to Stores department and coordinate with stores in-charge.
  • Ensure proper functioning of ERP system and accounting modules with Information Technology (IT). Supervise preparation of reports to monitor stores activity on a regular basis.
  • Support senior management in preparing reconciliation reports of pipeline coatings on a monthly basis, making necessary JVs, and cost analysis.
  • Update standard costs of coated pipe on ERP system. Investigate errors and discrepancies in coordination with IT department.
  • Prepare quarterly, half-yearly, and annual stores schedule for review by senior management to be incorporated in financial statements.

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