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job description - Asset Accountant

  • Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
  • Recommend to management any updates to accounting policies related to fixed assets.
  • Assign tag numbers to fixed assets.
  • Record fixed asset acquisitions and dispositions in the accounting system.
  • Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
  • Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
  • Calculate depreciation for all fixed assets.
  • Review and update the detailed schedule of fixed assets and accumulated depreciation
  • Investigate the potential obsolescence of fixed assets.
  • Conduct periodic impairment reviews for intangible assets.
  • Conduct periodic physical counts of fixed assets.
  • Recommend to management whether fixed assets should be disposed of.
  • Conduct analyses related to fixed assets as requested by management.
  • Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
  • Prepare property tax returns
  • Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.


Competencies/ Requirements / Qualifications

  • B.Sc Degree in Accounting, Finance or relevant field
  • Professional certification (e.g. ACA, ACCA or CMA) is required
  • 2-3 years proven work experience in Asset management
  • Should possess lease management skill
  • Familiarity with accounting ERP software packages
  • Computer literacy (MS Excel in particular)
  • Must have analytical Skill
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