Asset Management Specialist

4 days ago


Dubai, Dubai, United Arab Emirates ACTION International Services LLC Full time
Job Description

The asset management specialist position is responsible for recording the cost of newly-acquired fixed assets, tracking existing assets, reporting capital work in progress, recording depreciation and impairments, and accounting for the retirement/disposals of fixed assets.

This role will work closely with the Asset Manager, stakeholders to review plant performance and ensure full reconciliation of the asset register. The asset accountant will supervise the production and ensure accuracy of project profitability reports.

  • Create and monitor a system of controls, procedures, and forms for the recording of fixed assets.
  • Recommend updates to accounting policies related to fixed assets.
  • Ensure proper tag numbers assigned to fixed assets.
  • Record fixed asset acquisitions and dispositions in the accounting system.
  • Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
  • Calculate depreciation for all fixed assets.
  • Review and update the detailed schedule of fixed assets and accumulated depreciation.
  • Assess utilization rate of each asset group and make recommendations.
  • Investigate potential obsolescence of fixed assets and inventory.
  • Conduct periodic impairment reviews for intangible assets.
  • Lead periodic physical inventory counts of fixed assets and inventory.
  • Recommend disposal of fixed assets.
  • Conduct analyses related to fixed assets as requested by management.
  • Prepare audit schedules relating to fixed assets and assist auditors in their inquiries.
  • Track company expenditures for fixed assets in comparison to management authorizations.


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