Senior Accountant – Fixed Assets Full Time NEW

Role purpose:

• Manage the company owned and leased assets by recording the cost of newly-acquired
  fixed assets (both tangible and intangible), tracking fixed assets, recording depreciation, and
  accounting for the disposal of fixed assets.

Key responsibilities

• Ensure proper and timely capitalization and  disposal of fixed assets.
•  Reconcile fixed assets register to the general  ledger breaking down major categories of
  assets into cost, depreciation, and net book  value.
• Liaise with technology division to ensure that all assets put in use in the month especially
  network infrastructure elements are  accounted for under additions for the month
  by quantity and value.
• Analyze additions from AP ledger and classify  them into main asset categories monthly.
•  Maintain proper trail of supporting documents  for additions to fixed assets.
• Review POs to ensure that any commitments  made in respect to assets which have not yet
  been invoiced are accounted for in the  correct accounting period especially items
  relating to CWIP.
• Review disposals and ensure the same are in  line with company policy and fully analyzed
  and properly accounted for including retirement from the register.
• Compute depreciation per asset and per group of assets and ensure that it is properly
  accounted for; and perform a global check  for depreciation charge per assets category
  to ensure reasonableness

• Liaise with tax section for preparation of schedules required for tax computation
  purposes to ensure that proper and maximum  possible capital allowances are claimed by
  the business.
•  Justify any adjustments to fixed assets with  proper analysis of the impact it has on
  depreciation.
• Analyze CWIP into the specific sites to which  they relate to and tie the same to specific
  purchase orders.
• Age the CWIP based on the issuance report  to ensure that no items remain therein for
  more than 6 months.
• Ensure that appropriate reconciliation is done between movements in the fixed assets
  accounts, CWIP accounts and the related  accruals and creditors accounts, to ensure
  completeness and accuracy of ledger  entries.
• Ensure accurate and timely reconciliation of  ledger and sub-ledgers by ensuring that all
  the oracle ledger entries are accurate and  updated.
• Ensure and monitor the process for tagging of  all assets and update the tag numbers into
  the fixed assets register for all additions.
• Ensure physical verification of all capital  equipment and stocks annually. Where
  variances are identified, ensure the same is  resolved and updated on oracle inventory
  balances and the oracle financial ledger.
•  Monitor for any damaged or impaired capital  equipment and ensure adequate provisions
  and write-offs are recognized and booked in the accounts in line with the relevant
  accounting policies after adequate  approvals and ensure utilization of the
  provisions is properly monitored.

Key performance indicators:

• Timely and accurate capitalization of fixed asset and tracking of CWIP.
  • Timely posting of the depreciation figures into the general ledger by the 1st working day.
  • Complete schedules by the 3rd working day of the month with analysis per category of assets split into cost, additions, adjustments, disposals, depreciation, and net book value
  supporting the general ledger balances.
  • Accurate reconciliation between assets accounts movements in the purchase ledger
  with a clean trail of supporting documentation.
  • Accurate and complete schedules for audits as per agreed timelines

Core competencies and knowledge

•  Keen knowledge of international financial reporting standards.
  • Strong ability to interpret and apply accounting and reporting standards.
  • Ability to quickly identify risks and capture accounting implications.
  • Hands on experience working with accounting systems e.g., Oracle, Hyperion, SAP, etc.
  • Proficiency in data analytics and visualization tools.
  • Strong analytical skills and a keen attention to details.
  • Experience and strong understanding of internal controls.
  • Self-driven, results oriented, proactive and an ability to work without supervision

Education & Experience:

• Business related bachelor’s degree from a recognized university.
• Qualified Accountant with CPA /ACCA/CIMA/ACA.
•  2 – 3 years post qualification experience in finance with specialization an area of financial accounting.
•  Proficiency in data analytics and visualization tools.
• A strategic thinker, shaping processes, people, and systems.

How To Apply

If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to update your candidate profile on the career portal and then Click on the apply button. Remember to attach your resume.

Apply Link: https://safaricom.bamboohr.com/careers/453

The closing date for receiving applications is Wednesday, February  5,2025