Job Dimension:
Staffs operating at this grade range are required to take responsibility for planning their work according to the monthly accounting timetable, and grant reporting dates – liaising with their line Manager where there is any clash of priorities Assistant Accountants carry out detailed manipulation of data and will usually have work reviewed before onward transmission to external parties This member of staff will show leadership to more junior members of the team.
Reports To:
Financial Accountant
Financial Responsibilities:
Effective maintenance of an organization’s fixed assets and depreciation schedules
Key Responsibilities:
Record fixed assets by creating and supervising a system of procedures, forms, and controls
Recommend any updates to accounting policies affecting fixed assets to management
Allocate tag numbers to fixed assets to effectively track them from time to time
Record in the accounting system newly acquired fixed assets
Review all expense general ledger accounts and passing the appropriate journal entries to ensure that capital items are not expensed
Coordinate disposal of obsolete fixed assets in conjunction with the procurement team and passing the requisite journals to record the disposals in the FMS
Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects
Perform reconciliation of fixed asset ledger balance with the general ledger
Liaise with various departmental asset custodians to reconcile assets and update the asset register
Perform depreciation calculation for all fixed assets
Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets
Carry out periodic reviews on intangible assets’ impairment
Track assets movements by ensuring all transfers are initiated and completed online to have an accurate asset register
Coordinate physical verification of fixed assets as per policy and reconcile to the asset register
Provide Fixed Assets management reports
Create fixed asset related audit schedules, and collaborate with auditors on their assignments
Regularly communicate Fixed assets policy and procedures to staff
Filing all assets-related documentation
Tracking of the WIP movement from start of the project until completion
Assist Financial Accountant to ensure that all assets are insured by preparing a schedule of fixed assets for insurance renewal every financial year and subsequently send any new asset acquisition to the insurer for addition to insurance schedule
Coordinate insurance claims for lost or damaged assets as per insurance policy
Any other task allocated by Head the of Department/Supervisor
Qualifications:
Undergraduate degree in Finance, Accounting or related field
Minimum of CPA II or ACCA II
At least 3 years of wide-ranging work experience in a finance office.
In-depth knowledge and experience in computerized accounting systems.
In-depth knowledge of Fixed Assets management an added advantage.
Ability to meet assigned deadlines, support team members & uphold team spirit
Apply via :
jobs.kemri-wellcome.org
