Fixed Assets Accountant📣 Job Ad

About the Role

TAWANTECH is seeking a Fixed Assets Accountant to join our team in Riyadh, Saudi Arabia. This full-time position is crucial for the effective management and control of the company's tangible and intangible fixed assets, ensuring accuracy and compliance with established accounting standards.

Purpose of the Position

The Fixed Assets Accountant is responsible for overseeing the entire lifecycle of fixed assets, from initial recording to disposal. This includes tracking asset movement, location, and depreciation, as well as conducting regular physical verifications. The primary objective is to ensure that all financial records accurately reflect the physical assets in accordance with applicable accounting standards.

Key Responsibilities

• Record new fixed assets and Capital Work in Progress (CWIP) within the ERP system, ensuring alignment with purchase orders and supplier invoices.
• Calculate and post periodic depreciation expenses in accordance with approved company policies and depreciation rates.
• Perform monthly reconciliations between the Fixed Asset Register (FAR) and the General Ledger (GL).
• Process asset disposals, retirements, or sales, and accurately record any resulting gains or losses.
• Plan and coordinate periodic and annual physical inventory counts for all company assets across various branches.
• Reconcile physical count results with system records, investigate any identified variances or shortages, and submit appropriate recommendations.
• Track asset transfers between departments or branches, ensuring proper documentation is maintained through Asset Transfer Forms.

Qualifications and Experience

• 0-1 years of experience in a relevant accounting role.

Work Location and Type

This is a full-time position based in Riyadh, Saudi Arabia.

Application Process

Candidates interested in this Fixed Assets Accountant role are encouraged to apply. Further details regarding the application process will be provided upon inquiry.