Title:  Fixed Assets Accountant

Job Purpose

Fixed assets accountant is accountable for recording the cost of newly acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation, and accounting for the disposition of fixed assets.

Technical Accountabilities

• Records the cost of newly acquired fixed assets to ensure accurate financial reporting and compliance with the Egyptian accounting standards
• Tracks, calculates and records existing fixed assets and conducts periodic physical inventory checks to ensure accurate records and safeguard AMG assets
• Reviews and updates the detailed schedule of fixed assets and accumulated depreciation to ensure accurate financial reporting and compliance with AMG accounting standards
• Investigates potential obsolescence of fixed assets to ensure accurate valuation and efficient asset management.
• Recommends to management whether fixed assets should be disposed of to optimize asset utilization and reduce costs.
• Prepares audit schedules relating to fixed assets and assist auditors to ensure accurate and efficient audit processes.
• Prepares property tax returns and represents the company during audits involving fixed assets to ensure compliance and accurate reporting.
• Coordinates with other departments to ensure proper accounting of newly purchased fixed assets.
• Conducts analyses related to fixed assets as requested by management to support strategic decision-making and optimize asset utilization.

Administrative Accountabilities

Managerial Accountabilities

Measures

• Accuracy of Asset Records.
• Compliance and Reporting.
• Asset Utilization.
• Cost Management.
• Audit and Tax Compliance.

Communication and working relationships

Regularly communicate with the finance team to ensure accurate recording and reporting of fixed assets.

Job latitude / decision making authority

Decision-making authority, flexibility in how tasks are completed, and the ability to influence processes and policies.

Knowledge, skills and abilities (KSA's)

• Bachelor’s degree in accounting or a related field
• 1 - 3 years of experience in fixed asset accounting.
• Strong understanding of accounting principles, especially related to fixed assets.
• Proficiency with accounting software and spreadsheet programs.
• Excellent analytical and organizational skills.
• Attention to detail and ability to work independently and as part of a team.

Competencies