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RESPONSIBILITIES

Shall Include but not limited to:

• 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.

QUALIFICATIONS & EXPERIENCE

• Bachelor’s Degree in accounting with previous work experience in the same field.

• Associate, Fixed Assets, Projects, and Reconciliation Accounting: 0-2 years of experience in the same field.

• Specialist I, Fixed Assets, Projects, and Reconciliation Accounting: 3-5 years of experience in the same field.

• Specialist II, Fixed Assets, Projects, and Reconciliation Accounting: 6-8 years of experience in the same field.

• Sr. Specialist, Fixed Assets, Projects, and Reconciliation Accounting: 9-11 years of experience in the same field.

SKILLS

• Intermediate expertise in Microsoft Office products (Excel, Word, PowerPoint, etc.)

• Working knowledge of IFS or SAP or another similar ERP

• Written and verbal communication skills.

• Intermediate computer skills with a high knowledge of bookkeeping and spreadsheet programs.

• Understating the financial statements and links between them

• Attention to detail and accuracy in entering financial data.

• Ability to maintain confidentiality.