Accountant Fixed Asset

Emarat - Emirates Petroleum Company P.J.S.C; Dubai; On-site; AED 201,000 - 312,000; Full time

Job summary

Emarat - Emirates Petroleum Company P.J.S.C in Dubai seeks an experienced Fixed Asset Accountant to maintain the asset register, depreciation schedules, and related financial reporting. The role ensures accurate capitalization, tracking, and reporting of PPE while maintaining internal controls across the organization.

You will validate capitalization requests, support asset governance, and drive improvements in asset accounting processes using Oracle Fusion.

Qualifications

• Minimum 4 years in Fixed Asset Accounting.
• Experience with ERP Fixed Asset Modules.
• Bachelor’s degree in Accounting, Finance, or related field.

Responsibilities

• Fixed Asset Register Management.
• Asset Capitalization Accounting.
• CWIP Accounting and Review.
• Depreciation Accounting.
• Asset Transfer, Retirement & Disposal Accounting.
• Asset Verification & Physical Controls.
• Asset Reconciliation & Financial Controls.
• IFRS Compliance & Financial Reporting.
• Audit & Compliance Support.
• Oracle Fusion Fixed Assets Administration.

Skills

Fixed asset accounting

Asset verification

IFRS knowledge

Education

Bachelor’s degree in Accounting or Finance

Master’s degree in Accounting or ACCA / CPA / CA / CMA

Tools

Oracle Fusion

Job description

Job Description:

The purpose of this role is to maintain the accuracy, integrity, and completeness of Emarats Fixed Asset Register and fixed asset accounting records, ensuring proper accounting, capitalization, tracking, and reporting of all Property, Plant and Equipment (PPE). The role independently validates capitalization requests, ensures compliance with accounting standards and internal controls, and maintains segregation from capital budgeting, project approval, investment analysis, and CAPEX governance activities.

Key Responsibilities:

1.Financial Responsibility:

• Fixed Asset Register
• Capital Work-in-Progress (Accounting Perspective)
• Property, Plant & Equipment (IAS 16)
• Right-of-Use Assets (IFRS 16)
• Depreciation Accounting
• Asset Transfers
• Asset Retirements
• Asset Disposals
• Asset Reconciliations
• Asset Verification Programs
• Asset Financial Statement Disclosures

2.Strategic & Managerial Responsibilities:

• Support development of asset accounting policies and procedures.
• Maintain robust controls over company assets.
• Support automation and improvement of asset accounting processes within Oracle Fusion.
• Contribute to strengthening the Companys asset governance and asset control framework.
• Support Finance management on fixed asset accounting and reporting matters.

Core Responsibilities:

• Fixed Asset Register Management
• Asset Capitalization Accounting
• CWIP Accounting and Review
• Depreciation Accounting
• Asset Transfer, Retirement & Disposal Accounting
• Asset Verification & Physical Controls
• Asset Reconciliation & Financial Controls
• IFRS Compliance & Financial Reporting
• Audit & Compliance Support
• Oracle Fusion Fixed Assets Administration

Qualifications:

Required: Bachelor’s degree in Accounting, Finance, or a related field.

Preferred: Master’s degree in Accounting or ACCA /CPA / CA / CMA

Experience:

Minimum 4 years in Fixed Asset Accounting.

Experience with ERP Fixed Asset Modules.

Emarat is a multi-channel power and energy company with a much-loved network of service stations and fuel depots across Dubai and the Northern Emirates. We meet the day-to-day petrol and LPG needs of millions of people while also helping to keep the engines of Industry running with fleet solutions, aviation fuel and commercial fuel services.

The Emarat brand has earned its reputation for providing great value and high-quality products and services – which is why you can expect the expected, every time.

Our network spans right across the north of the UAE, from Dubai to Ajman, and from Fujairah to Sharjah, plus many other locations in between. Service and quality are incredibly important to us, which is why we are proud to provide our customers with high-quality fuel, lubricants, state-of-the-art car washing facilities, best-in-class terminalling, bulk fuel logistics and great franchise opportunities for ambitious businesses.

Oh, and we also serve superb freshly-ground Arabicca coffee for anybody with a taste for the real thing.

All our colleagues – from the barista to the car mechanic – are fully trained in how to deliver great customer service. We operate ethically and to the highest international and national HSE standards, making sure that employees, customers and business partners are happy and safe at Emarat.

Emirates General Petroleum Corporation, Emarat, serves millions of customers across Dubai and the Northern Emirates and Dubai with great value, high-quality fuel at modern service stations. We serve the nation’s businesses across multiple industries, including hospitality, construction, aviation and real estate with a wide range of commercial fuels and lubricants.

In addition, we distribute to our residential customers from our LPG bottling plants in the Jebel Ali Free Zone and our new distribution centre in Al Qusais, ensuring that residents across Dubai and further afield are never far away from a fast and reliable source of power. Through our modern, best-in-class terminals at Jebel Ali, Fujairah and Ras Al Khaimah, we lease the latest, high-quality fuel storage and distribution facilities.

Across the entire Emarat network, from our service stations, terminals and to your doorstep, everything we do is driven by customer happiness.

We always provide service with a smile.