Fixed Asset Manager - Jobs in Saudi Arabia

1.00 to 10.00 Years Saudi Arabia 19 May, 2024

Job Location	Saudi Arabia
Education	Not Mentioned
Salary	Not Mentioned
Industry	Recruitment & Employee Placement Agency
Functional Area	Not Mentioned

Responsibilities:

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.

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.

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.

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.

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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