Confidential
Fixed Assets Unit Manager
Riyadh, Saudi ArabiaPosted 3 days ago
- Salary
- AED 12k–18k a month· est.
- Job type
- Full time
- Level
- Lead
- Field
- Finance & Accounting
- Work mode
- On site
About the role
We are seeking a Fixed Assets Unit Manager to lead fixed asset accounting and control. The role covers asset recording, tracking, depreciation, and disposal in line with international accounting standards (IFRS/GAAP) and company policies. It also ensures effective controls to safeguard assets, supports audits, and collaborates with operations and project teams to optimize capital expenditure and asset utilization. Key Responsibilities: • Maintain the fixed asset register and ensure data accuracy in the ERP system. • Oversee asset capitalization, tagging, and depreciation calculation in line with accounting standards. • Review and approve asset additions, transfers, impairments, and disposals. • Ensure compliance with company policies on asset capitalization and management. • Prepare and review monthly depreciation entries and general ledger reconciliations. • Analyze asset movements and ensure subledgers match the general ledger. • Support monthly and annual closing, including preparing the schedules and reports required for audit. • Implement and monitor internal controls over fixed assets to prevent loss or misuse. • Coordinate periodic physical asset counts and reconcile them with accounting records. • Ensure compliance with IFRS/GAAP in accounting for capitalization, impairment, and disposal. • Support internal and external audits by providing required documents and data. • Collaborate with project and operations teams to ensure capital costs are recorded correctly. • Track Work in Progress (WIP) and ensure assets are capitalized promptly upon project completion. • Monitor and review capital expenditure against budgets and forecasts. • Prepare fixed asset reports, capex reports, and performance dashboards for management. • Analyze trends in depreciation, WIP, and asset utilization to support decision-making, and provide insights to improve the company’s capital investment strategy. • Lead and develop the fixed asset accounting team. • Identify automation and efficiency opportunities in asset tracking processes. • Establish best practices for asset management across the company. Requirements: • Bachelor’s degree in Accounting, Finance, or a related field (Master’s preferred). • 6–10 years of experience in accounting, including at least 3 years in fixed assets management or similar areas. • Strong knowledge of IFRS/GAAP, asset accounting, and internal controls. • Experience with ERP systems (such as SAP, Oracle, or NetSuite) and advanced Excel skills. • Professional certification such as CPA, CMA, or ACCA (a plus).
Requirements
Bachelor’s degree in Accounting, Finance, or a related field (Master’s preferred). 6–10 years of experience in accounting, including at least 3 years in fixed assets management or similar areas. Strong knowledge of IFRS/GAAP, asset accounting, and internal controls. Experience with ERP systems (such as SAP, Oracle, or NetSuite) and advanced Excel skills. Professional certification such as CPA, CMA, or ACCA (a plus).
Responsibilities
Maintain the fixed asset register and ensure data accuracy in the ERP system. Oversee asset capitalization, tagging, and depreciation calculation in line with accounting standards. Review and approve asset additions, transfers, impairments, and disposals. Ensure compliance with company policies on asset capitalization and management. Prepare and review monthly depreciation entries and general ledger reconciliations. Analyze asset movements and ensure subledgers match the general ledger. Support monthly and annual closing, including preparing the schedules and reports required for audit. Implement and monitor internal controls over fixed assets to prevent loss or misuse. Coordinate periodic physical asset counts and reconcile them with accounting records. Ensure compliance with IFRS/GAAP in accounting for capitalization, impairment, and disposal. Support internal and external audits by providing required documents and data. Collaborate with project and operations teams to ensure capital costs are recorded correctly. Track Work in Progress (WIP) and ensure assets are capitalized promptly upon project completion. Monitor and review capital expenditure against budgets and forecasts. Prepare fixed asset reports, capex reports, and performance dashboards for management. Analyze trends in depreciation, WIP, and asset utilization to support decision-making, and provide insights to improve the company’s capital investment strategy. Lead and develop the fixed asset accounting team. Identify automation and efficiency opportunities in asset tracking processes. Establish best practices for asset management across the company.
Skills
- IFRS
- GAAP
- Fixed asset accounting
- Depreciation calculations
- Asset capitalization
- Asset tagging
- ERP systems
- SAP
- Oracle
- NetSuite
- General ledger reconciliation
- Internal controls
- Auditing
- Capital expenditure
- WIP tracking
- Excel advanced
Not sure you fit this role?
Upload your CV and see how you score against Confidential and every other live job. It's free.
Get my free matchesAED 12k–18k a month· est.
Similar jobs across the Gulf
Senior Finance Specialist
SEVEN (Saudi Entertainment Ventures)Abha, Saudi Arabia
AED 8k–15k a month· est.
Accountant
Americana RestaurantsDubai, UAE
AED 20k–27k a month· Michael Page
Senior Finance Specialist
SEVEN (Saudi Entertainment Ventures)Tabuk, Saudi Arabia
AED 10k–18k a month· est.
Fixed Asset Specialist
ARO DrillingKhobar, Saudi Arabia
AED 6k–9k a month· est.
Senior Specialist - Fixed Assets (CORS305)
Qiddiya Investment CompanyRiyadh, Saudi Arabia
AED 18k–29k a month· est.
Future Opportunity - Senior Finance Specialist - Taif
SEVEN (Saudi Entertainment Ventures)Taif, Saudi Arabia
AED 12k–18k a month· est.