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Fixed Assets Accountant

Saudi Railway Company

3 - 5 years Riyadh - Saudi Arabia

Bachelor of Commerce(Commerce), Bachelor of Business Administration(Management). Any Nationality

, Posted on May 11, 2018 1 Opening

Job Description

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Policies & Procedures:
• Follow policies and procedures covering all areas of reporting functional activity so that all relevant procedural/legislative requirements are fulfilled and to ensure efficient, effective and deliverables at all times
Functional financial Accounting:
• Set-up new assets in the Enterprise Resource Planning (ERP) system
• Reconciles fixed assets module with related fixed assets general ledger, and coordinates any variances with relevant fixed assets.
• Create and 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.
• Assign tag numbers to fixed assets.
• Record fixed asset acquisitions and dispositions in the accounting system.
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Calculate depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Investigate the potential obsolescence of fixed assets.
• Conduct periodic impairment reviews for intangible assets.
• Initiate periodic physical inventory counts of fixed assets.
• Recommend to management whether fixed assets should be disposed of.
• Conduct analyses related to fixed assets as requested by management.
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
• Oversees the development and implementation of systems, and controls to ensure that the quality and allocation are properly accounted for.
• Support financial statement audits
• Assist in month-end financial statement close
• Support other accounting projects, as necessary
• Prepares accounting and financial reports for monthly, quarterly and year-end financial packages and financial statements including recording, classifying, and summarizing financial transactions.
University degree in Accounting.
• Knowledge of applicable FA/general ledger systems and procedures
• 3-5 years relevant experience in a relevant sector including at least 2 years in Fixed Assets.
• Initiative
• Organizational commitment
• Teamwork and cooperation
• Quality oriented
• Drive For results
• Clear Communication
• Taking Responsibility

Industry Type : Metro / Railway / Train
Functional Area : Accounts / Taxation / Audit / Company Secretary


Auditing Fixed assets Financial statements Financial Analyst Policies Depreciation Module ERP Financial accounting Financial packages

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Saudi Railway Company

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