TAHAKOM Riyadh, Saudi Arabia

Senior Fixed Assets Inventory Specialist

  • Riyadh
  • TAHAKOM Riyadh, Saudi Arabia
  • Posted date: 1 week before
  • End date: 2024-06-19

Job Title: Senior Fixed Assets Inventory Specialist

Job In Riyadh

Company: TAHAKOM Riyadh, Saudi Arabia

Start Date: 2024-06-04

End Date: 2024-06-19

Job Description


To execute fixed assets accounting services, implement asset-reporting framework, perform financial review of assets disposal, investigate discrepancies in inventory count and issue related analyses and reports in order to achieve the department’s overall mandate within set policies and procedures.


Fixed Assets Operations

  • Implement assets reporting framework to ensure fixed assets are recognized in line with applicable laws and regulations and submit related reports to higher management for further analysis
  • Update continuously data related to fixed assets purchases to ensure availability of information for future reference
  • Charge depreciation on all assets in compliance with approved policy to ensure proper recognition of fixed assets value in Tahakom’s financial statements
  • Execute fixed assets accounting services activities as per approved policies and procedures to ensure proper recognition of fixed assets in Tahakom’s financial statements
  • Develop and maintain standardized fixed asset expense code for each fixed asset in coordination with Materials Management directorate to ensure proper identification and accumulation of expenses in financial statements and related analyses

Asset Acquisition or Disposal

  • Perform financial review of assets disposal to ensure proper and clean accounting record and to analyze effects on business operations and submit related reports to higher management for further analysis
  • Monitor and report on asset acquisition / disposal in line with reporting requirements
  • Investigate and assess any discrepancies in inventory count in order to identify root causes and effects on business operations and submit report to higher management

Policies, Processes and Procedures

  • Follow all relevant policies, processes, standard operating procedures and instructions and ensure work is carried out in a controlled and consistent manner
  • Contribute to the identification of opportunities for continuous improvement of systems, processes and practices, taking into account leading practices, improvement of business processes, cost reduction and productivity improvement
  • Promote the implementation and adherence to relevant policies, processes and operating procedures to others
  • Adhere to risk management rules and regulations in delivery of own work to ensure compliance at all time


Knowledge & Experience: 6 to 8 years of relevant experience in Accounting

Education & Certifications: Bachelor’s degree in Accounting, Finance or equivalent is required

Application URL

Source : www.bayt.com