Fixed Asset Manager - Jobs in Saudi Arabia

1.00 to 10.00 Years   Saudi Arabia   19 May, 2024
Job LocationSaudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryRecruitment & Employee Placement Agency
Functional AreaNot Mentioned

Job Description


  1. Asset Management:
  • Develop and implement strategies for the effective management of fixed assets.
  • Maintain accurate records of all fixed assets, including acquisitions, disposals, and depreciation.
  • Conduct regular audits to verify the existence and condition of fixed assets.
  1. Asset Acquisition:
  • Collaborate with various departments to identify the need for new assets and ensure alignment with organizational goals.
  • Evaluate potential asset acquisitions, including cost-benefit analysis and risk assessment.
  • Coordinate the procurement process for new assets, including negotiation with suppliers and vendors.
  1. Depreciation and Valuation:
  • Calculate depreciation expenses and maintain depreciation schedules in accordance with accounting standards.
  • Monitor changes in asset values and assess impairment when necessary.
  • Work closely with finance and accounting teams to ensure accurate financial reporting.
  1. Asset Disposal:
  • Develop procedures for the disposal of obsolete or surplus assets.
  • Coordinate asset disposal activities, including valuation, sale, or scrapping, while adhering to legal and regulatory requirements.
  • Maximize the value of assets through strategic disposal initiatives.
  1. Compliance and Reporting:
  • Stay abreast of relevant regulations, accounting standards, and industry best practices related to fixed asset management.
  • Ensure compliance with internal policies and external regulations governing fixed assets.
  • Prepare reports and presentations on fixed asset performance, status, and trends for management review.

Keyskills :


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