Job Purpose
To effectively control and coordinate the recording of fixed asset transactions, ensure accurate updates to the fixed asset register for additions, disposals, and retirements, and supervise periodic physical verification and tagging of the company’s fixed assets to ensure existence.
Duties and Responsibilities Fixed Assets Register:
To ensure accurate and timely update of the FA register with network assets when the site go on air for the new sites
To ensure accurate and timely update of the FA register with network assets once the assets are put into use for existing sites
To ensure accurate and timely update of the FA register with other non-networks assets once the assets are put into use
Review of CWIP report to ensure timely capitalization
To ensure that FA register is updated with inter-site and interoffice assets movement
To ensure that FA register is updated with disposals
To check the accuracy of depreciation charged on fixed assets
Sanitized Fixed Assets GL accounts:
To ensure timely review of fixed assets transaction postings for accuracy and completeness
To review all entries relating to fixed assets such as costs, depreciation adjustments
Detailed review of unusual movement in any fixed assets accounts
Manages month end closure for Fixed Assets section and ensures timely and accurate completion
Fixed Assets Commentaries:
Carry out the monthly trends analysis on Additions to FA cost
Carry out the monthly trends analysis on the depreciation and amortization charges
Review any unusual or one-off adjustment to cost and depreciation
Ensures completeness, accuracy, valuation and ownership of the company’s assets as reported in the MRP/LRP and statutory financial statements.
Audited Fixed Assets Schedules:
To coordinate periodic internal and external audits of fixed asset transactions
To review all schedules and support documentations provided to auditors for accuracy
To provide adequate explanations to audit observations and execute processes and procedures for correcting any observed control weakness.
Verified and tagged Fixed Assets:
Coordination of periodic fixed assets verification and tagging of all the company’s fixed assets at sites and other locations
Review the differences between the Fixed assets verified and the FAR as presented by the external verifiers
Recommend the necessary adjustments to be passed in the books
Group Requests on Fixed Assets:
To coordinate & review all periodic requests by the Group on fixed assets
Major Challenges:
Dealing with fixed assets legacy issues
Inadequate flow of useful information from relevant cross-functional unit on issues affecting fixed assets management
Effective periodic physical verification of all fixed assets
Dimensions (Metric Measures):
Accuracy of FA Register
Level of audit adjustments due to errors in FA accounting
% of Physically verified fixed assets
Satisfactory Internal Audit ratings
Self Validation Control Check list
Educational Qualification
A Degree in Accounting or Business related courses or other relevant numerate courses.
Professional Accounting Qualification is a must (i.e. ACA or ACCA)
Relevant Skill and Experience:
Minimum of 8-10 years relevant experience in Accounting and Finance. 3 of the last 7 years must be obtained from Telecoms industry
Microsoft office suite
Analytical and Reporting Skills
Sound Financial Accounting knowledge.
Other requirements (Behavioural etc.):
Personal organization
Good interpersonal relationship
Team orientation
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