Role purpose:
• Manage the company owned and leased assets by recording the cost of newly-acquired
fixed assets (both tangible and intangible), tracking fixed assets, recording depreciation, and
accounting for the disposal of fixed assets.
Key responsibilities
• Ensure proper and timely capitalization and disposal of fixed assets.
• Reconcile fixed assets register to the general ledger breaking down major categories of
assets into cost, depreciation, and net book value.
• Liaise with technology division to ensure that all assets put in use in the month especially
network infrastructure elements are accounted for under additions for the month
by quantity and value.
• Analyze additions from AP ledger and classify them into main asset categories monthly.
• Maintain proper trail of supporting documents for additions to fixed assets.
• Review POs to ensure that any commitments made in respect to assets which have not yet
been invoiced are accounted for in the correct accounting period especially items
relating to CWIP.
• Review disposals and ensure the same are in line with company policy and fully analyzed
and properly accounted for including retirement from the register.
• Compute depreciation per asset and per group of assets and ensure that it is properly
accounted for; and perform a global check for depreciation charge per assets category
to ensure reasonableness
-Liaise with tax section for preparation of schedules required for tax computation
purposes to ensure that proper and maximum possible capital allowances are claimed by
the business.
• Justify any adjustments to fixed assets with proper analysis of the impact it has on
depreciation.
• Analyze CWIP into the specific sites to which they relate to and tie the same to specific
purchase orders.
• Age the CWIP based on the issuance report to ensure that no items remain therein for
more than 6 months.
• Ensure that appropriate reconciliation is done between movements in the fixed assets
accounts, CWIP accounts and the related accruals and creditors accounts, to ensure
completeness and accuracy of ledger entries.
• Ensure accurate and timely reconciliation of ledger and sub-ledgers by ensuring that all
the oracle ledger entries are accurate and updated.
• Ensure and monitor the process for tagging of all assets and update the tag numbers into
the fixed assets register for all additions.
• Ensure physical verification of all capital equipment and stocks annually. Where
variances are identified, ensure the same is resolved and updated on oracle inventory
balances and the oracle financial ledger.
• Monitor for any damaged or impaired capital equipment and ensure adequate provisions
and write-offs are recognized and booked in the accounts in line with the relevant
accounting policies after adequate approvals and ensure utilization of the
provisions is properly monitored.
Key performance indicators:
• Timely and accurate capitalization of fixed asset and tracking of CWIP.
• Timely posting of the depreciation figures into the general ledger by the 1st working day.
• Complete schedules by the 3rd working day of the month with analysis per category of assets split into cost, additions, adjustments, disposals, depreciation, and net book value
supporting the general ledger balances.
• Accurate reconciliation between assets accounts movements in the purchase ledger
with a clean trail of supporting documentation.
• Accurate and complete schedules for audits as per agreed timelines
Core competencies and knowledge
• Keen knowledge of international financial reporting standards.
• Strong ability to interpret and apply accounting and reporting standards.
• Ability to quickly identify risks and capture accounting implications.
• Hands on experience working with accounting systems e.g., Oracle, Hyperion, SAP, etc.
• Proficiency in data analytics and visualization tools.
• Strong analytical skills and a keen attention to details.
• Experience and strong understanding of internal controls.
• Self-driven, results oriented, proactive and an ability to work without supervision
Education & Experience:
• Business related bachelor’s degree from a recognized university.
• Qualified Accountant with CPA /ACCA/CIMA/ACA.
• 2 – 3 years post qualification experience in finance with specialization an area of
financial accounting.
• Proficiency in data analytics and visualization tools.
• A strategic thinker, shaping processes, people, and systems.
How To Apply
If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to update your candidate profile on the career portal and then Click on the apply button. Remember to attach your resume.
The closing date for receiving applications is Wednesday, February 5,2025