A Fixed Asset Accountant is responsible for managing an organization’s fixed asset records, ensuring compliance with accounting principles and regulations. This role includes maintaining accurate asset registers, overseeing asset acquisitions and disposals, calculating depreciation, and supporting financial reporting related to fixed assets. The Fixed Asset Accountant plays a vital role in safeguarding the company’s investments in long-term tangible and intangible assets.
| Salary | Market Competitive |
| Experience | 2 – 3 Years |
| Location | Oman |
| Qualification | Bachelor of Business Administration(Management) |
| Posted | 09 December 2024 |
| Job Type | Full-Time |
| Posted by | Habeebi Recruiter |
| last date to apply | apply within 15 days |
Key Responsibilities
1. Fixed Asset Management
Maintain an accurate fixed asset register by recording acquisitions, disposals, transfers, and adjustments. Ensure all assets are properly tagged, classified, and recorded in compliance with company policies and accounting standards.
2. Depreciation and Amortization Calculations
Calculate and record depreciation and amortization expenses for fixed assets based on their useful life and applicable accounting policies. Review and update depreciation schedules as required.
3. Asset Reconciliation
Perform regular reconciliations of the fixed asset register with the general ledger. Investigate and resolve discrepancies to ensure the integrity of financial data.
4. Asset Valuation and Impairment Analysis
Assist in assessing the valuation of assets, conducting impairment reviews, and preparing related reports. Ensure that asset values are accurately reflected in the company’s financial statements.
5. Reporting and Documentation
Prepare detailed fixed asset reports, including additions, disposals, depreciation, and book values. Provide asset-related information for audits and management decision-making. Maintain organized documentation for all fixed asset activities.
6. Compliance and Audit Support
Ensure compliance with accounting standards, tax regulations, and internal policies related to fixed assets. Support internal and external audits by providing necessary documentation and explanations.
7. Collaboration with Other Departments
Work closely with procurement, operations, and finance teams to coordinate asset acquisitions, disposals, and transfers. Provide guidance on fixed asset policies and procedures to other departments.
Qualifications and Skills
- Bachelor’s degree in accounting, finance, or a related field.
- Proven experience in fixed asset accounting or general ledger roles.
- Proficiency in accounting software and ERP systems (e.g., SAP, Oracle).
- Strong understanding of accounting principles, GAAP/IFRS, and tax regulations related to fixed assets.
- Excellent analytical and problem-solving skills.
- Attention to detail and a high level of accuracy.
- Strong communication and organizational skills.
Work Environment
The Fixed Asset Accountant typically works in an office setting, collaborating with finance and operations teams. The role requires a detail-oriented approach and a proactive mindset to manage and optimize fixed asset records efficiently.
This position is ideal for professionals who excel in accuracy, compliance, and data management and who enjoy contributing to the financial health of an organization.
How to apply:
Send your updated resume to our email or directly reach us at our phone:
Email: contact@petrojobs.om
Phone: +00968 24678111