• Application Deadline:
• Position: Fixed Asset Manager


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Purpose

• To ensure efficient & effective fixed asset system covering day-to-day recording and control over the company’s fixed assets.

Core Responsibilities and Key Result Areas

Fixed Asset Management

• Coordinate  the processing of asset requisitions


• Responsible for the receipt of assets into  asset warehouse  for assets delivered to HQ & authorization of GRN


• Deploy assets to stores based on request


• Responsible for the Computation of depreciation & reclassification of assets


• Ensure assets supplied conform with specification


• Carry out regular review of Company’s assets, Advise on additions, transfer and disposal.  Identify impaired/non -functional assets and advise management for disposal.


• Create and monitor the system of controls, policies/procedures relating to Fixed Asset to safeguard Company’s investment in capital expenditure and prevent theft, losses and inefficiencies


• Oversee the process of periodic physical verification of assets.


• Develop internal financial control policies, guidelines, IT systems for Fixed Asset movement activities such as Asset Acquisition, Asset Replacement, Asset disposal


• Create codes for newly acquired assets base on Company’s policy and inclusion into fixed asset register.


• Liaise and work with the Tax Manager on  Capital Allowance Computation and obtaining certificate of Acceptance


• Liaise with the Admin Officer on incidence of theft, accident, death burglary or fire outbreak and follow-up on claims with insurance company.


• Run monthly depreciation for the company.


• Ensure removal of disposed assets from the fixed assets register and prepare Disposal report for the Fixed Assets and Risk manager

Reporting

• Prepare Monthly Asset register showing total cost, accumulated depreciation and NBV of asset.


• Prepare periodic report of Asset verification.


• Prepare reports of impaired/junk/obsolete assets


• Assist in extracting, collating and consolidation information needed to generate the company’s annual operating budget

Key Performance Indicators

• Efficiency and Effectiveness of company fixed asset system


• Timely report on asset register and acquisition


• Accuracy of depreciation charges (assessed by level of auditors’ correction journal.

Knowledge Requirements

• Knowledge of Accounting and Financial Management


• Knowledge of basic accounting principles


• Knowledge of IFRS Standards


• Knowledge of Asset Enhancement


• Knowledge of Fixed Asset  Management


• Knowledge of operations in the Food/QSR Industry


• Knowledge of Risk Management

Job Specifications

• A good first degree in Accounting  or Finance


• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage


• Membership of the ICAN, ACCA or any other related professional qualification is required.


• Minimum of  5years’ experience in a similar role