Job PurposeThe Asset & Inventory Accountant is responsible for tracking, managing, and reporting on the company’s assets and inventory. The role ensures accurate recording of transactions related to the acquisition, depreciation, and disposal of assets, as well as maintaining accurate inventory records in compliance with accounting policies and procedures.
Key Accountability Areas- Asset Management: Maintain accurate records of fixed assets, including additions, disposals, and transfers. Ensure proper classification of assets and maintain the asset register. Monitor the depreciation of assets and ensure compliance with accounting standards (*, IFRS, GAAP).
- Inventory Management: Track inventory levels and maintain accurate records of all inventory transactions. Ensure proper valuation of inventory in accordance with company policies and accounting standards.
- Reporting and Analysis: Prepare regular financial reports related to assets and inventory for management review. Reconcile general ledger accounts related to fixed assets and inventory.
- Compliance and Documentation: Ensure compliance with internal controls, policies, and procedures in managing assets and inventory.
- System and Process Improvements: Suggest and implement process improvements to streamline asset and inventory management systems.
- Collaboration: Work closely with procurement, warehouse, and finance teams to maintain accurate records of inventory and assets.
Role AccountabilityBachelor’s degree in accounting. Proven experience (typically 25 years) in asset and inventory accounting or a similar accounting role. Strong knowledge of accounting principles and financial reporting. Familiarity with asset management software and inventory systems, proficiency in Microsoft Excel and other accounting software (SAP).
About the CompanyAlfanar is a Saudi company with an international presence, engaged in manufacturing and trading a wide variety of electrical products and solutions. Alfanar holds a commitment to high quality standards and continuous development of its human capital, promoting an environment where employees are valued and empowered.
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