Asset Accounting Supervisor
1 week ago
Responsible for ensuring timely and accurate recording of asset transactions in SAP and consistent application of accounting principles in compliance with corporate policies and procedures. Coordinates closely with the Asset Management Group on the formulation and development of inventory policies, annual asset inventories, transfer, disposal, retirement, and all movements of the assets of the company.
DUTIES and RESPONSIBILITIES:- Ensures timely and accurate recording of asset transactions in SAP.
- Validates all adjustments in SAP related to depreciation and assets (such as reclassification of non-asset items, 60%/40% sharing of car plan benefit, etc.) are properly recorded.
- Ensures that the month end closing deadlines are met and that the monthly lead schedules are also completed on time.
- Validates that assets recorded in the books are reconciled with physical inventories, make recommendations and adjustments in case of variances.
- Ensures that all asset movements comply with the requirements of regulatory agencies.
- Resolves any resulting discrepancy discovered during reconciliation of fixed assets general ledger accounts.
- Reviews computation of vehicles for those employees who opted to purchase their car plan benefit due for renewal, promotion and resignation.
- Coordinates with various business units (Asset Management Group, IT and Site Finance) to ensure prompt resolution of queries related to asset transactions and/or recording in SAP.
- Researches and resolves accounting problems related to assets as needed.
- Prepares or reviews ad hoc financial reporting requests, other analyses and special projects as requested by management.
- Updates SOX maps and Risk and Control Matrix (RCM).
- Bachelor's degree in Accounting, Finance, Business Administration, or any related field.
- At least 5 years relevant experience in finance and accounting/financial reporting.
- At least 2 years in a supervisory or managerial role.
- Must have proficiency in MS Office applications (Excel, Word).
- Problem-solving ability and analytical skills.
- Ability to conduct research, prepare comprehensive reports and present complex financial and statistical information in a clear and concise manner.
- Decision-making skills.
- Knowledge in project management approaches, tools and phases of the project lifecycle.
- Knowledge on Client Management.
- Experience in managing a project or process improvement initiatives.
- Forecasting and budgeting skills.
- Change Management and Coaching skill.
- Preferably with knowledge in SAP or any Enterprise Resource Planning System.
- Certified Public Accountant.
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