Accounting / Finance

Full Time

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Job Purpose

To ensure efficient & effective fixed asset system covering day-to-day recording and control over the company’s fixed assets.

Core Responsibilities and Key Result Areas

Fixed Asset Management
Coordinate the processing of asset requisitions
Responsible for the receipt of assets into warehouse & authorization of GRN
Deploy assets to stores based on request
Responsible for the Computation of depreciation & reclassification of assets
Ensure assets supplied conform with specification
Carry out regular review of Company’s assets, Advise on additions, transfer and disposal. Identify impaired/non -functional assets and advise management for disposal.
Create and monitor the system of controls, policies/procedures relating to Fixed Asset to safeguard Company’s investment in capital expenditure and prevent theft, losses and inefficiencies
Oversee the process of periodic physical verification of assets.
Develop internal financial control policies, guidelines, IT systems for Fixed Asset movement activities such as Asset Acquisition, Asset Replacement, Asset disposal
Create codes for newly acquired assets base on Company’s policy and inclusion into fixed asset register.
Liaise and work with the Tax Manager on Capital Allowance Computation and obtaining certificate of Acceptance
Liaise with the Admin Officer on incidence of theft, accident, death burglary or fire outbreak and follow-up on claims with insurance company.
Run monthly depreciation for the company.
Ensure removal of disposed assets from the fixed assets register and prepare Disposal report for the Fixed Assets and Risk manager

Reporting

Prepare Monthly Asset register showing total cost, accumulated depreciation and NBV of asset.
Prepare periodic report of Asset verification.
Prepare reports of impaired/junk/obsolete assets
Assist in extracting, collating and consolidation information needed to generate the company’s annual operating budget

Key Performance Indicators

Efficiency and Effectiveness of company fixed asset system
Timely report on asset register and acquisition
Accuracy of depreciation charges (assessed by level of auditors’ correction journal.

Knowledge Requirements

Job Specifications

A good first degree in Accounting or Finance
Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage
Membership of the ICAN, ACCA or any other related professional qualification is required.
Minimum of 5years’ experience in a similar role

Decision Expectations

Method of Application

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