Fixed Assets Accountant📣 Job Ad

20 days ago

	Contract Type	Full-time
	Workplace type	On-site
	Location	Riyadh

Job Description

About TawanTech

TawanTech is seeking a dedicated Fixed Assets Accountant to join its team in Riyadh, Riyadh Province. This full-time position is integral to the financial operations, ensuring accurate and compliant management of the company's assets.

The Role of Fixed Assets Accountant

The Fixed Assets Accountant is responsible for the comprehensive management, recording, and control of all tangible and intangible fixed assets. This includes diligently tracking asset movement, location, and depreciation, as well as conducting periodic physical verifications to ensure financial records are consistent with physical assets, all in compliance with applicable accounting standards.

Key Responsibilities

Record new fixed assets and Capital Work in Progress (CWIP) in the ERP system, ensuring alignment with purchase orders and supplier invoices.
Calculate and post periodic depreciation expenses according to approved 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 the resulting gains or losses.
Plan and coordinate periodic and annual physical inventory counts for all company assets across branches.
Reconcile physical count results with system records, investigate variances or shortages, and submit recommendations.
Track asset transfers between departments or branches, ensuring proper documentation via Asset Transfer Forms.

Role Requirements

This role requires a strong understanding of accounting principles related to fixed assets, including depreciation methods and compliance with applicable accounting standards. Proficiency in using ERP systems for asset management and reconciliation is essential for effective performance in this position.