Job Summary:
he Fixed Asset Accountant is responsible for managing and reporting on the company’s fixed assets, including acquisition, capitalization, depreciation, disposal, and reconciliation. This role ensures compliance with accounting standards and internal policies, maintains accurate asset records, and supports audits and financial reporting.
Requirements
- Maintain and update the fixed asset register in accordance with internal policies and accounting standards.
- Record fixed asset acquisitions, disposals, transfers, and adjustments accurately in the ERP system.
- Perform monthly depreciation runs, reconciliations, and ensure proper capitalization of assets.
- Monitor ongoing projects to ensure timely capitalization of completed assets (CWIP clearance).
- Conduct periodic physical verification of fixed assets and reconcile discrepancies.
- Prepare fixed asset-related schedules for monthly, quarterly, and annual financial reporting.
- Assist in internal and external audit requirements related to fixed assets.
- Ensure compliance with GAAP/IFRS and company policies for asset accounting processes.
- Support process improvements to enhance accuracy, efficiency, and internal controls.
- Collaborate with procurement, finance, and operations teams for asset-related workflows and documentation.
Qualifications & Skills
- Bachelor’s degree in Accounting, Finance, or a related field.
- Strong knowledge of fixed asset accounting principles and GAAP/IFRS compliance.
- Proficiency in Microsoft Excel, including VLOOKUP, Pivot Tables, and data analysis.
- Experience working with ERP systems such as SAP, Oracle, NetSuite, or similar (Fixed Asset Modules).
- Excellent attention to detail, accuracy, and organizational skills.
- Strong analytical ability and problem-solving skills.
- Ability to work independently and manage time effectively.