Summary
ARO Drilling is hiring a Fixed Asset Specialist in Khobar. The role covers fixed asset records, acquisitions and disposals, depreciation, reconciliations, project costs, capital budget tracking, and periodic asset counts and impairment reviews. The specialist also prepares audit schedules and supports auditors. Applicants need a bachelor’s degree in accounting and relevant experience; the posting describes experience levels from 0–2 to 9–11 years for different grades, and asks for Microsoft Office skills and working knowledge of IFS, SAP, or a similar ERP.
The posting
As published on arodrilling.com. Pulled from the employer's site and shown as they wrote it.
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.