Job Code:1010
Position: Manager Fixed Assets
To effectively control and coordinate the recording of fixed asset transactions, ensure accurate updates to the fixed asset register for additions, disposals and retirements, and supervise periodic physical verification and tagging of the company’s fixed assets to ensure existence.
KEY ACCOUNTABLITIES
Expected End Results
Supporting Activities
1. Fixed Assets Register
• To ensure accurate and timely update of the FA register with network assets when the site go on air for the new sites
• To ensure accurate and timely update of the FA register with network assets once the assets are put into use for existing sites
• To ensure accurate and timely update of the FA register with other non-networks assets once the assets are put into use
• Review of CWIP report to ensure timely capitalization
• To ensure that FA register is updated with inter-site and inter office assets movement
• To ensure that FA register is updated with disposals
• To check the accuracy of depreciation charged on fixed assets.
2. Sanitized Fixed Assets GL accounts
• To ensure timely review of fixed assets transaction postings for accuracy and completeness
• To review all entries relating to fixed assets such as costs, depreciation adjustments
• Detailed review of unusual movement in any fixed assets accounts
• Manages month end closure for Fixed Assets section and ensues timely and accurate completion
2. Fixed Assets Commentaries
• Carry out the monthly trends analysis on Additions to FA cost
• Carry out the monthly trends analysis on the depreciation and amortization charges
• Review any unusual or one-off adjustment to cost and depreciation
• Ensures completeness, accuracy, valuation and ownership of the company’s assets as reported in the MRP/LRP and statutory financial statements
3. Audited Fixed Assets Schedules
• To coordinate periodic internal and external audits of fixed asset transactions.
• To review all schedules and support documentations provided to auditors for accuracy
• To provide adequate explanations to audit observations and execute processes and procedures for correcting any observed control weakness
4. Verified and tagged Fixed Assets
• Coordination of periodic fixed assets verification and tagging of all the company’s fixed assets at sites and other locations.
• Review the differences between the Fixed assets verified and the FAR as presented by the external verifiers
• Recommend the necessary adjustments to be passed in the books
MAJOR CHALLENGES
Dealing with fixed assets legacy issues
Inadequate flow of useful information from relevant cross functional unit on issues affecting fixed assets management
Effective periodic physical verification of all fixed assets
DIMENSIONS (METRIC MEASURES)
(1) Accuracy of FA Register
(2) Level of audit adjustments due to errors in FA accounting
(3) % of Physically verified fixed assets
(4) Satisfactory Internal Audit ratings
(5) Self Validation Control Check list
KEY DECISIONS
Constant review of fixed assets transaction processing to ensure accuracy, completeness and existence.
SKILLS AND KNOWLEDGE
Educational Qualifications Functional / Technical Skills
• A degree in Accounting or Business related courses or other relevant numerate courses. Professional Accounting Qualification is a must (i.e. ACA or ACCA)
Relevant Experience (Type of experience and minimum number of years)
• Microsoft office suite, Analytical and Reporting Skills. Sound Financial Accounting knowledge.)
• Minimum of 8-10 years relevant experience in Accounting and Finance. 3 of the last 7 years must be
• Obtained from Telecoms industry.
Other requirements (Behavioral etc.)
• Personal organization, Good interpersonal relationship and Team oriented.
How to Apply
Click here to Apply for Job
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