Asset Accounting Specialist

6 days ago

Karachi, Sindh, Pakistan beBee Careers Full time
Fixed Assets Accountant Job Description

We are seeking an experienced Fixed Assets Accountant to join our team. This is a contractual/project-based position with an initial duration of six months, which may be extended based on the nature of the assignment. The role is primarily remote, offering the flexibility to work from home, though occasional travel to client premises may be required for on-site support, project meetings, or training sessions.

Working hours are from Sunday to Thursday, 11:00 AM to 7:30 PM.

Key Responsibilities:
  • Maintain and update the fixed asset register in the ERP system, ensuring accuracy and completeness
  • Record asset acquisitions, capitalizations, transfers, and disposals in compliance with accounting standards
  • Calculate and post monthly depreciation and ensure alignment with corporate policies and useful life schedules
  • Monitor and track capital work in progress (CWIP), and ensure timely capitalization upon project completion
  • Reconcile fixed asset sub-ledgers with the general ledger regularly
  • Support asset tagging and barcoding initiatives, if applicable
  • Coordinate and support physical verification of fixed assets in collaboration with internal teams and external auditors
  • Ensure proper classification of assets based on nature, usage, and cost center
  • Monitor and enforce internal controls related to asset movements and safeguarding
  • Process asset retirements, disposals, and prepare related accounting entries (e.g., gain/loss on sale)
  • Assist in the preparation of fixed asset schedules and reporting for audit and statutory purposes
  • Track and report on insurance coverage, asset impairments, and revaluations if applicable
  • Provide capital expenditure (CapEx) reports and assist in budget vs actual analysis
  • Collaborate with procurement and project teams for asset procurement and lifecycle management
  • Participate in month-end and year-end closing activities and reporting
  • Contribute to the automation and improvement of fixed asset processes and internal reporting
Technical Skills:
  • Proficient in ERP systems: Oracle / SAP / Microsoft Dynamics / QuickBooks
  • Strong Microsoft Excel skills (formulas, pivot tables, reconciliations)
  • Working knowledge of depreciation methods, accounting for leases, and asset impairments
  • Familiar with fixed asset audits, physical verifications, and statutory reporting requirements
Qualifications:
  • Bachelor's degree in Commerce, Finance or Accounting
  • ACCA / CA finalist or equivalent professional accounting certification (preferred)
  • Minimum 3 years of relevant experience in fixed asset accounting and reporting
  • Experience working in multi-entity, project-based, or construction/engineering environments is a plus

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