Fixed Asset Accountant📣 Job Ad

The Opportunity

Barns is seeking a Fixed Asset Accountant for a full-time position based in Jeddah, Makkah, Saudi Arabia. This role is designed for a professional with 2-5 years of relevant experience, focusing on specialized accounting operations within a dynamic environment.

Role Purpose

The primary purpose of the Fixed Asset Accountant is to execute and monitor daily accounting operations within the general ledger. This includes a specialized focus on fixed assets, lease accounting, and intangible assets, ensuring the accurate recording of financial data in compliance with IFRS and approved company policies.

Key Responsibilities

• Record journal entries for all financial transactions, ensuring they align with supporting documents and accounting standards.
• Perform bank reconciliations and reconcile account balances at month-end.
• Review expenses and revenues for proper classification and maintain organized transaction records.
• Set up lease contracts in D365 Asset Leasing, calculate present values, and recognize Right-of-Use (ROU) assets and lease liabilities in accordance with IFRS 16.
• Process lease payments and manage monthly depreciation and finance cost runs for lease assets.
• Track expiring lease contracts, post renewal accruals, and coordinate with the Commercial Expansion team on lease data.
• Manage the asset lifecycle in D365 Fixed Assets, including capitalizations, Construction Work-In-Progress (CWIP) monitoring, and transfer to active assets.
• Maintain depreciation and amortization schedules and perform impairment reviews for fixed assets and intangibles (IAS 16 / IAS 38).
• Capitalize and amortize qualified intangible expenditures.
• Post month-end asset journal entries, run depreciation and amortization batches, and prepare roll-forward schedules.
• Support monthly and annual closing processes and contribute to financial statement preparation.
• Follow up on facility payments and provide required data for internal and external audits.

Required Experience

Candidates should possess 2-5 years of experience in an accounting role, with demonstrated expertise in fixed asset and lease accounting principles and practices.

Work Environment and Location

This is a full-time position based in Jeddah, Makkah, Saudi Arabia. The role involves working within a professional accounting team.

Application Information

Interested candidates are encouraged to apply for this position.