Senior Accountant – Fixed Assets

Full Time

Safaricom

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 the 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 the AP ledger and classify them into main asset categories monthly.
  • Maintain a proper trail of supporting documents for additions to fixed assets.
  • Review POs to ensure that any commitments made to assets that 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 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.

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 detail.
  • 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 a specialization in the area of financial accounting.
  • Proficiency in data analytics and visualization tools.
  • A strategic thinker, shaping processes, people, and systems.
  • Liaise with the 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 a proper analysis of the impact it has on depreciation.
  • Analyze CWIP into the specific sites to which they relate 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.

How to Apply

If you feel that you are up to the challenge and possess the necessary qualifications 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.

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Interested applicants can apply before the closing date of the application. For more information please read the full article

Deadline: June 5, 2024

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To apply for this job please visit safaricom.bamboohr.com.

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