Job Description
Department Finance
Position Fixed Asset Accounting Lead
Location Reko Diq Mine Site – Balochistan
Qualification CA, ACCA, or equivalent professional accounting qualification.
Experience Minimum 8 years in finance, including at least 3 years in a similar role.
Requirements
- Strong knowledge of accounting principles, standards, and financial reporting requirements.
- Hands-on experience with SAP (Fixed Asset module) and/or other ERP systems such as Oracle.
- Excellent analytical and problem-solving skills with meticulous attention to detail.
- Proven leadership and team management abilities, with the capacity to mentor and develop staff.
- Strong communication and interpersonal skills to effectively collaborate with stakeholders.
Responsibilities
- Review costs capitalized in construction-in-progress and profit & loss accounts to ensure accuracy per IAS 16.
- Monitor the compilation of project costs into fixed asset accounts and close accounts upon project completion, including development and approval of asset addition forms.
- Conduct periodic meetings with project owners to track project progress and document rationale for long-outstanding projects.
- Track owners and other indirect costs capitalized in construction-in-progress and allocate costs to completed assets.
- Oversee acquisition, capitalization, tagging, and disposal of all fixed assets, maintaining the fixed asset register and system.
- Collaborate with EPCM to align capitalization of company-managed packages.
- Review and implement PPE accounting policies and procedures in line with the parent company, reconciling balances between local and group reporting.
- Assess indicators of impairment for assets and CGUs at each reporting period, performing impairment testing as needed.
- Work with the sustainability team to calculate and recognize asset retirement obligations, updating records periodically.
- Review newly signed contracts to identify leases and record them according to IFRS 17.
- Record depreciation, perform complex balance sheet reconciliations, and prepare financial reports and analysis for internal and external stakeholders.
- Ensure compliance with company policies, accounting standards (e.g., GAAP), and relevant laws, supporting internal and external audits.
- Develop and implement policies, procedures, and internal controls for fixed asset management, identifying opportunities for efficiency improvements.
- Coordinate with project management, tax, and other departments to provide information, resolve queries, and ensure accurate financial reporting.
- Mentor and guide junior staff, including Fixed Asset Technicians, providing direction on complex technical issues.
