Job Summary:
Responsible for overseeing the lifecycle of an organization’s fixed assets and ensuring accurate tracking, compliance, and strategic utilization.
Responsibilities:
- Asset Management & Tracking
- Maintain a comprehensive and accurate fixed asset register.
- Ensure assets are correctly recorded with proper categorization, location, and depreciation schedules.
- Conduct regular physical verification and tagging of assets, whenever necessary.
- Track asset movements, disposals, and retirements
- Financial & Accounting Responsibilities
- Monitor capitalization, depreciation, and impairment in line with accounting standards.
- Ensure asset accounting aligns standard operating procedures and regulations.
- Compliance & Audit
- Ensure compliance with internal controls, accounting policies, and statutory requirements relating to fixed assets management.
- Identify and mitigate risks related to asset mismanagement or losses.
- System & Process Management
- Manage or support implementation of fixed asset management systems or ERP modules (e.g., SAP, Oracle).
- Develop policies and SOPs for asset lifecycle management, whenever required
- Team & Stakeholder Coordination
- Coordinate with procurement, operations, finance, and IT departments to track and manage assets.
- Communicate with insurance, legal, or valuation teams as needed
- Strategic Planning & Reporting
- Provide insights on asset utilization, replacement needs, and cost efficiency.
- Prepare reports for senior management regarding asset value, depreciation trends, and utilization rates, whenever required.
- Recommend disposal or redeployment strategies for underused assets
- Oversee and support ad-hoc financial analysis and projects as required by Management.
- Perform any other tasks as assigned. Able to step in and take an active role when the situation demands
Qualifications:
- Diploma/Bachelor’s degree in Accounting, Finance, Business, or related field.
- Knowledge of fixed asset accounting principles.
- Experience with asset management software or ERP (eg. SAP) is an advantage.
- Familiarity with compliance frameworks and internal controls