Fixed Asset Manager
Salary undisclosed
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As Fixed Asset Manager, you will be responsible for overseeing all accounting matters related to fixed assets (tangible only) such as company property, plant and equipment (PP&E), from tracking existing fixed assets, recording depreciation, and accounting for its disposition to obtain accurate financial analysis and reporting and business valuations for all RGFC companies including new businesses.
Major Responsibilities:
KEY RESULT AREA: FIXED ASSET POLICY AND COMPLIANCE
- Provides guidance in the creation and implementation of policies and procedures related to fixed asset management to ensure that the company’s fixed assets are acquired, safeguarded, controlled, disposed of, and accounted for in accordance with accounting principles and standards and audit requirements
- Recommends updates to accounting policies related to fixed assets management to check for consistency and effectiveness
- Oversees the centralization and standardization of fixed assets policies and practices across RGFC companies for the proper reporting and control of all fixed assets
KEY RESULT AREA: FIXED ASSET HANDLING
- Oversees proper recording and management of fixed asset register/system to ensure the accuracy and integrity of information (e.g., stewardship and control of fixed assets, costs related to acquisition and disposal of fixed assets, expenditures, depreciation charges, among others).
- Oversees the proper maintenance of fixed assets according to recommended maintenance schedules and in coordination with Facility Management and/or other relevant parties to perform any repairs and avoid any disruption in operations
- Develops and implements risk management strategies related to fixed asset in order to reduce the company’s exposure of having restricted resources
- Conducts periodic physical asset verification and/or inventories to check the existence of these assets and validate reconciliation of the results with fixed asset records in the records books.
- Prepares and/or reviews recording of additions, adjustments, and disposals for monthly reconciliation
- Oversees transfers and reporting of lost, stolen, or damaged fixed assets through adequate incident report for updating of fixed asset records and documenting for investigation, respectively
- Attends to auditors when they have inquiries on fixed asset audit so that the auditors can come up with quality and accurate reports
KEY RESULT AREA: FINANCIAL REPORTING
- Prepares and/or reviews the monthly reconciliation of fixed asset ledger to the general ledger to ensure that there is an up-to-date and accurate record of all fixed assets of the company
- Calculates the depreciation for all fixed assets based on their expected useful economic life to the organization
- Handles monthly fixed asset closing cycle including review of asset addition, disposal and adjustments
KEY RESULT AREA: FIXED ASSET DISPOSAL
- Gives recommendations to management regarding the disposal (or not) of fixed assets based on accumulated depreciation
- Oversees the approved disposal of fixed assets through outright sale, auction, recycling and donation to an authorized agency, among others
Qualifications:
- Graduate of Accountancy, Accounting or Finance.
- Certified Public Accountant (CPA) is preferred but not required.
- With at least 3 to 5 years of experience in fixed asset accounting and/or inventory management.
- Must have experience in preparation of financial statements, budget, government reportorial requirements, among others.
- Open to reporting onsite in Ortigas, Pasig office.
As Fixed Asset Manager, you will be responsible for overseeing all accounting matters related to fixed assets (tangible only) such as company property, plant and equipment (PP&E), from tracking existing fixed assets, recording depreciation, and accounting for its disposition to obtain accurate financial analysis and reporting and business valuations for all RGFC companies including new businesses.
Major Responsibilities:
KEY RESULT AREA: FIXED ASSET POLICY AND COMPLIANCE
- Provides guidance in the creation and implementation of policies and procedures related to fixed asset management to ensure that the company’s fixed assets are acquired, safeguarded, controlled, disposed of, and accounted for in accordance with accounting principles and standards and audit requirements
- Recommends updates to accounting policies related to fixed assets management to check for consistency and effectiveness
- Oversees the centralization and standardization of fixed assets policies and practices across RGFC companies for the proper reporting and control of all fixed assets
KEY RESULT AREA: FIXED ASSET HANDLING
- Oversees proper recording and management of fixed asset register/system to ensure the accuracy and integrity of information (e.g., stewardship and control of fixed assets, costs related to acquisition and disposal of fixed assets, expenditures, depreciation charges, among others).
- Oversees the proper maintenance of fixed assets according to recommended maintenance schedules and in coordination with Facility Management and/or other relevant parties to perform any repairs and avoid any disruption in operations
- Develops and implements risk management strategies related to fixed asset in order to reduce the company’s exposure of having restricted resources
- Conducts periodic physical asset verification and/or inventories to check the existence of these assets and validate reconciliation of the results with fixed asset records in the records books.
- Prepares and/or reviews recording of additions, adjustments, and disposals for monthly reconciliation
- Oversees transfers and reporting of lost, stolen, or damaged fixed assets through adequate incident report for updating of fixed asset records and documenting for investigation, respectively
- Attends to auditors when they have inquiries on fixed asset audit so that the auditors can come up with quality and accurate reports
KEY RESULT AREA: FINANCIAL REPORTING
- Prepares and/or reviews the monthly reconciliation of fixed asset ledger to the general ledger to ensure that there is an up-to-date and accurate record of all fixed assets of the company
- Calculates the depreciation for all fixed assets based on their expected useful economic life to the organization
- Handles monthly fixed asset closing cycle including review of asset addition, disposal and adjustments
KEY RESULT AREA: FIXED ASSET DISPOSAL
- Gives recommendations to management regarding the disposal (or not) of fixed assets based on accumulated depreciation
- Oversees the approved disposal of fixed assets through outright sale, auction, recycling and donation to an authorized agency, among others
Qualifications:
- Graduate of Accountancy, Accounting or Finance.
- Certified Public Accountant (CPA) is preferred but not required.
- With at least 3 to 5 years of experience in fixed asset accounting and/or inventory management.
- Must have experience in preparation of financial statements, budget, government reportorial requirements, among others.
- Open to reporting onsite in Ortigas, Pasig office.