Fixed Assets Accountant-Banking

Job Description

Requirements

• - Bachelor's degree in Accounting or a related field.
• - 5–7 years of experience in Fixed Assets Accounting.
• - Minimum 4 years of relevant experience in fixed assets accounting, preferably within the banking or financial services sector.
• - Experience with Oracle ERP, preferably Oracle Financials or Fixed Assets modules.
• - Strong knowledge of fixed assets accounting, CAPEX, depreciation, and asset reconciliation.
• - Good understanding of accounting standards and internal control procedures.
• - Strong analytical, organizational, and problem-solving skills.
• - Proficiency in Microsoft Excel and financial reporting.
• - Ability to work independently and coordinate with multiple departments

Responsibilities

• Maintain and reconcile the fixed assets register, ensuring accuracy and compliance with accounting policies.
• Review and process asset capitalization requests in accordance with applicable accounting standards.
• Process fixed asset transfers, disposals, and write-offs.
• Perform periodic verification of fixed assets and investigate any discrepancies.
• Review CAPEX requests and ensure compliance with approved accounting policies and procedures.
• Monitor capital projects and ensure timely capitalization upon project completion.
• Prepare management reports and analysis related to CAPEX, depreciation, and fixed assets.
• Calculate and review depreciation expenses and ensure accurate accounting records.
• Support internal and external audits by providing relevant fixed assets documentation and reconciliations.
• Recommend process improvements and strengthen internal controls over fixed assets.
• Coordinate with relevant departments to ensure proper asset tracking and accurate financial reporting.

Skills Required