Fixed Assets Accountant

Alchemy is hiring for the below position
Hiring Fixed Assets Accountant – UAE National
• Qualification : Bachelor’s Degree in Accounting or equivalent
• Experience : 4-9 years experience with at least 3 years of relevant accounting
• experience
• Salary : AED 20000- AED 25000 (all inclusive)
Job responsibilities in the following functional areas:
• Maintains the fixed asset system by supervising the recording of all items in the system.
• Conducts physical verification of fixed asset and accordingly reconciles assets physically verified with the books of accounts.
• Records assets in fixed assets system and general ledger a/c and posts all depreciation to general ledger a/c on a monthly basis. Records capital works in progress in the fixed asset module.
• Prepares monthly Depreciation Schedule and Fixed Assets Movement ,accurately and within timelines.
• Review handling over certificates for new assets and prepare cost calculation for recording investment property at cost as per accounting policy.
• Deletes traded-in, lost, destroyed, sold, etc., fixed assets from the fixed asset system after obtaining the necessary approval as per the DOA.
• Prepares work in progress accounts for correct allocation and capitalization of completed project.
• Review bank book and bank statement and prepare bank reconciliation statement.
• Evaluates and recommends changes in fixed assets system and policy and procedures and identifies areas that could result in operational cost savings.
• Prepares accounting entries / supporting documents for Investment Property based on instructions received from Finance Manager.
• Prepares and completes list of task on monthly, quarterly and annually as per the GL Task List.
• Prepares separate and consolidated financial statements for the organization and its subsidiaries along with the related notes to the financial statements that ensure accuracy, completeness, and compliance with relevant accounting standards (e.g., IFRSs).
• Spearhead the annual audit process, coordinating with external auditors to provide necessary documentation and support. Ensuring that the audit findings are addressed promptly, and financial statements are audited without significant issues.
• Provide insightful financial analysis to the senior management (e.g., FM, CFO and Audit Committee) of the actual current year’s performance as compared to previous year.
• Performs any other relevant task as directed by CFO, Finance Manager.
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