Project Assets Specialist

Job Description    

This is a 12 month Fixed Term Contract.

 

    This role is responsible for the end-to-end financial closing and consolidation of Capex on a monthly, quarterly, and annual basis. It includes overseeing Capex operational activities and ensuring full compliance with accounting standards and group policies       Responsibilities           Project Asset & Fixed Asset Management     Strong knowledge of capital expenditure processes, including asset capitalization, CWIP (Construction Work in Progress), asset commissioning, and cost allocation.     Ensure accurate recording of all fixed asset additions, including verification of supporting documents, capitalization dates, asset classification, and cost allocation.     Maintain an up-to-date fixed asset register & CWIP with appropriate asset tagging and identification. Including follow up with stakeholder to clear long outstanding and variance   Monitor the complete asset lifecycle from acquisition to disposal in accordance with company policy and accounting standards.     Process asset transfers, retirements, impairments, and disposals with proper approvals and documentation.     Monitor project inventories, including stock count & asset sighting           Reconciliation & Financial Close     Ensure monthly depreciation computations are applied in line with accounting standards and management policies.     Investigate and resolve reconciling items in a timely manner.     Perform regular reconciliation of the fixed asset & CWIP sub-ledger with the general ledger.     Peform monthly, quarterly, and annual financial close processes and reporting related to Project and Fixed Asset           Governance & Compliance     Ensure compliance with accounting standards, internal policies, and regulatory requirements.     Establish and maintain internal controls and policies for fixed assets accounting.     Support internal and external audits with documentation, reconciliations, and explanations of variances.           Systems & Process Improvement     Design and implement standardized, scalable fixed asset processes aligned with accounting standards and internal policies.     Review of fixed asset, identifying gaps, inefficiencies, risks, and control weaknesses.     Drive the transformation of manual processes into automated solutions to improve efficiency and accuracy           Others     Assist management in responding to external/internal auditors' queries involving project & fixed asset.     Support management in the preparation and compilation of regulatory and compliance-related reporting on an as-needed basis.     Support the Company's projects and corporate exercises, where applicable on matters involving matters related to project & fixed assets           Qualifications           Bachelor’s degree in Accounting or a related field and/or a professional accounting qualification (ACCA/CPA/MIA, etc.) with at least 5-8 years of experience.     Working experience in audit or commercial experiences preferred     Experience using the SAP system.     Intermediate excel skill (Work with large volumes of data; sort, filter, pivot, summarize, or error check.)     Strong logical abilities and analytical mindset with good numeral skills