Assistant Manager Fixed Assets Reporting

Our employees are our company's greatest asset - they are our real competitive advantage. We possesse immense power of innovation, immagination and a desire to attract and retain the best; provide them with encouragement, stimulus, and make them feel that they are an integral part of the company's mission.

Job Purpose

This position and ensures proper maintenance of Fixed assets register and CWIP register including proper, timely and correct recording of addition, disposal and depreciation for the period in accordance with the requirement of applicable accounting and other statutory requirements.

Required Education & Experience

MBA / BBA / ACCA / CA Finalist with over 2 to 3 years of professional experience.

Areas Of Responsibility

• Maintain the fixed assets register, ensuring accurate and timely recording of asset acquisition, disposal, and depreciation
• Ensure compliance with accounting standards, policies, and regulatory requirements related to fixed assets
• Ensure compliance with ICAP’s Technical release “TR – 6 Fixed Assets Inventory and Records”
• Initiate, if required, change of depreciation rate or residual value of fixed assets.
• Collaborate with business finance and procurement teams to ensure proper and timely capitalization of assets and timely recording of acquisitions and disposals
• Execute the monthly depreciation run exercise and reconciliation of depreciation expense with GL and subsidiary and
• Prepare the incremental depreciation working ensuring accuracy
• Ensure circulation of monthly FAR and CWIP reports to internal stakeholders.
• Monitoring Capital spares and CWIP balances along with ageing analysis and follow up with BFs to ensure timely and correct capitalization.
• Preparation of quarterly and annual FAR related disclosures.
• Liaison with external and internal auditors for the audit/review of Fixed assets register and related data.
• Fiscal year closing activities in fixed assets module after reconciliations of all assets value with GL.
• Fiscal year balances carry forward activities in FI and fixed assets modules for new financial year activities
• Prepare fixed assets and CWIP reports as per NEPRA requirement.
• Providing MYT related information/requirements and providing support for response to NEPRA queries pertaining to fixed assets and CWIP, as and when required, as RAB is an important element of tariff.
• Supporting BFs for plant wise, IBC wise and other required break ups for MYT purpose.
• Initiate and monitor cleansing of fixed asset register with an aim to have maximum tagging and readiness for NEPRA's audit
• Response to the queries related to FAR of external and internal stakeholders.
• Collaborate with cross-functional teams to automate and integrate fixed asset management processes, where applicable.
  
  

KE provides equal employment opportunity (EEO) to all persons regardless of age, color, origin, physical or mental disability, race, religion, creed, gender, marital status, status with regard to public assistance or any other characteristic protected by federal, state or local laws.