Fixed Assets Accountant-Banking

Purpose

To manage and maintain the fixed assets accounting function, ensuring accurate asset records, compliance with accounting standards and internal policies, and effective financial control over capital expenditures and fixed assets.

Main Duties and Responsibilities

• Maintain and reconcile the fixed assets register, ensuring accuracy and compliance with accounting policies.
• Review and process asset capitalization requests in accordance with applicable accounting standards.
• Process fixed asset transfers, disposals, and write-offs.
• Perform periodic verification of fixed assets and investigate any discrepancies.
• Review CAPEX requests and ensure compliance with approved accounting policies and procedures.
• Monitor capital projects and ensure timely capitalization upon project completion.
• Prepare management reports and analysis related to CAPEX, depreciation, and fixed assets.
• Calculate and review depreciation expenses and ensure accurate accounting records.
• Support internal and external audits by providing relevant fixed assets documentation and reconciliations.
• Recommend process improvements and strengthen internal controls over fixed assets.
• Coordinate with relevant departments to ensure proper asset tracking and accurate financial reporting.

Requirements

• Bachelor's degree in Accounting or a related field.
• 5-7 years of experience in Fixed Assets Accounting.
• Minimum 4 years of relevant experience in fixed assets accounting, preferably within the banking or financial services sector.
• Experience with Oracle ERP, preferably Oracle Financials or Fixed Assets modules.
• Strong knowledge of fixed assets accounting, CAPEX, depreciation, and asset reconciliation.
• Good understanding of accounting standards and internal control procedures.
• Strong analytical, organizational, and problem-solving skills.
• Proficiency in Microsoft Excel and financial reporting.
• Ability to work independently and coordinate with multiple departments