About The Role
Fixed Asset Management:
Supervise the maintenance of accurate records for all fixed assets, including registration, depreciation, and disposal.
Conduct surprise physical inventories to verify the existence and condition of fixed assets in different country offices.
Reconcile Country Fixed Asset Register with CIP Master File and train staff on using the fixed assets module in CIP ERP.
Ensure compliance with accounting standards, tax regulations, and CIP policies related to fixed assets.
Develop standard procedures for the correct management of fixed assets across various CIP offices.
Disposal:
Facilitate the disposal of obsolete or surplus assets in accordance with CIP policies and regulatory requirements.
Depreciation and Amortization.
Monitor changes in asset useful lives and salvage values, adjusting depreciation schedules as necessary.
Prepare and analyse depreciation forecasts and budget projections.
Reporting and Analysis:
Generate regular reports on fixed asset activities, including additions, disposals, and depreciation expenses.
Provide insights and analysis on fixed assets performance, utilization, and return on investment.
Collaborate with financial analysts and management to support decision-making processes related to capital investments and asset management strategies.
Compliance and Audit Support:
Assist internal and external auditors in conducting fixed asset audits and compliance reviews.
Ensure adherence to IFRS (International Financial Reporting Standards) regarding fixed asset accounting and reporting.
Implement and maintain internal controls to safeguard fixed assets and prevent fraud or misappropriation.
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