Fixed Asset Specialist

About the role

Requirements

• QUALIFICATIONS & EXPERIENCE
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• Bachelor’s Degree in accounting with previous work experience in the same field.
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• Associate, Fixed Assets, Projects, and Reconciliation Accounting: 0-2 years of experience in the same field.
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• Specialist I, Fixed Assets, Projects, and Reconciliation Accounting: 3-5 years of experience in the same field.
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• Specialist II, Fixed Assets, Projects, and Reconciliation Accounting: 6-8 years of experience in the same field.
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• Sr. Specialist, Fixed Assets, Projects, and Reconciliation Accounting: 9-11 years of experience in the same field.
• SKILLS
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• Intermediate expertise in Microsoft Office products (Excel, Word, PowerPoint, etc.)
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• Working knowledge of IFS or SAP or another similar ERP
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• Written and verbal communication skills.
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• Intermediate computer skills with a high knowledge of bookkeeping and spreadsheet programs.
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• Understating the financial statements and links between them
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• Attention to detail and accuracy in entering financial data.
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• Ability to maintain confidentiality.

Responsibilities

• 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.
• Coordination with assigning tag numbers to fixed assets.
• Record fixed asset acquisitions and dispositions in the accounting system.
• Monitoring Authorization for Expenditure Process for both budgeted and non-budget and review the authorization.
• Creating Projects for both budgeted and non-budget.
• Track the compilation of project costs into fixed asset accounts and got a confirmation to close out those commitments once the related projects Authorization for Expenditure have been consumed.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Prepare the full BS reconciliation paper and coordinate with proponent.
• Calculate depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Calculate asset retirement & Disposal.
• Monitor Authorization for Disposal Process and actual Scrapping of items
• Review the potential obsolescence of fixed assets.
• Conduct periodic & coordination of impairment reviews for tangible & intangible assets.
• Conduct and coordination of periodic physical counts of fixed assets.
• Conduct analyses related to fixed assets as requested by management.
• Prepare audit schedules relating to fixed assets and assist the auditors in their inquiries.
• Represent the company during any audits that involve fixed assets.
• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
• Track company expenses projects for any reclasses required.

Skills

• Microsoft Office (Excel, Word, PowerPoint)
• IFS
• SAP
• bookkeeping
• financial statements
• attention to detail
• confidentiality
• communication skills
• spreadsheets