Sr. Accounts & Control Associate- Fixed Asset job vacancy at Alghanim Industries in Kuwait

Full Time
  • Full Time
  • Kuwait

Website Alghanim Industries

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Sr. Accounts & Control Associate- Fixed Asset job vacancy at Alghanim Industries in Kuwait (Arab National Only) 

Job Summary

The Sr. Associate Accountant & Control (fixed asset )position is responsible for recording the cost of new / existing acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation. Following are the job responsibilities:

  1. Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
  2. Recommend to business for any updates to accounting policies related to fixed assets.
  3. Assign asset tag numbers to fixed assets and provide to stores
  4. Record fixed asset acquisitions and dispositions in the SAP accounting system.
  5. Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
  6. Reconcile the balance in the fixed asset subsidiary ledger to the general ledger.
  7. Run the monthly depreciation for all fixed assets.
  8. Prepare a detailed schedule of fixed assets, capital work-in progress and schedule and update the project status to business on a monthly basis
  9. Review the potential obsolescence of fixed assets and highlight the reasons to business
  10. Plan and conduct periodic physical counts of fixed assets for all the stores across the GCC market
  11. Recommend to management whether fixed assets should be disposed of wherever applicable
  12. Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
  13. Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.

Education and Experience:

  1. Bachelor’s degree in accounting preferred.  Must be a detail oriented candidate
  2. A qualified CMA / CPA would be preferred.
  3. 3+ years of fixed asset accounting experience.
  4. Excellent written and verbal communication skills in English
  5. Excellent written and verbal communication skills in Arabic
  6. Preferred experience in SAP accounting, MS office tools etc.
  7. Effective communication skill and problem-solving skills
  8. Ready to travel across GCC

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