Fixed Asset Manager

Location: Saudi Arabia

Our client is a world-renowned sector leaderwith a strong presence in Saudi Arabia.
They are seeking a highly skilled Fixed Asset Manager to their Accounting team and manage our fixed assets effectively.

Job Description:

Position Overview: The Fixed Asset Manager will be responsible for overseeing the entire lifecycle of fixed assets within the organization. This role will involve strategic planning, asset acquisition, depreciation tracking, asset disposal, and ensuring compliance with relevant regulations and accounting standards.

Responsibilities:

1. Asset Management:

   • Develop and implement strategies for the effective management of fixed assets.
   • Maintain accurate records of all fixed assets, including acquisitions, disposals, and depreciation.
   • Conduct regular audits to verify the existence and condition of fixed assets.

2. Asset Acquisition:

   • Collaborate with various departments to identify the need for new assets and ensure alignment with organizational goals.
   • Evaluate potential asset acquisitions, including cost-benefit analysis and risk assessment.
   • Coordinate the procurement process for new assets, including negotiation with suppliers and vendors.

3. Depreciation and Valuation:

   • Calculate depreciation expenses and maintain depreciation schedules in accordance with accounting standards.
   • Monitor changes in asset values and assess impairment when necessary.
   • Work closely with finance and accounting teams to ensure accurate financial reporting.

4. Asset Disposal:

   • Develop procedures for the disposal of obsolete or surplus assets.
   • Coordinate asset disposal activities, including valuation, sale, or scrapping, while adhering to legal and regulatory requirements.
   • Maximize the value of assets through strategic disposal initiatives.

5. Compliance and Reporting:

   • Stay abreast of relevant regulations, accounting standards, and industry best practices related to fixed asset management.
   • Ensure compliance with internal policies and external regulations governing fixed assets.
   • Prepare reports and presentations on fixed asset performance, status, and trends for management review.

Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field. Advanced degree or professional certification (e.g., CPA, CMA) preferred.
• Proven experience in fixed asset management, preferably in a multinational or large-scale organization.
• Strong understanding of accounting principles and regulations related to fixed assets.
• Excellent analytical and problem-solving skills, with the ability to interpret complex financial data.
• Proficiency in relevant software applications, such as ERP systems and asset management software.
• Exceptional communication and interpersonal skills, with the ability to collaborate effectively across departments and levels of the organization.
• Detail-oriented with a high level of accuracy in record-keeping and reporting.
• Ability to work effectively under pressure and meet tight deadlines.
• Knowledge of Saudi Arabian regulatory requirements and business practices is desirable.