Fixed Asset Accountant

Azizi Developments; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading real estate developer in Dubai is seeking an experienced Asset Accountant to manage the company's fixed assets, ensuring compliance with IFRS and accurate reporting. The ideal candidate will have a Bachelor's degree in Accounting or Finance and at least 5 years of experience in asset accounting within the UAE or GCC. Strong analytical skills and proficiency in ERP systems are required for this role.

Qualifications

• 5 years of UAE/GCC experience in asset accounting or similar role.
• Solid knowledge of IFRS, particularly IAS 16 and IAS 36.

Responsibilities

• Maintain a detailed and accurate Fixed Asset Register in the ERP system.
• Process capitalization of assets and perform monthly depreciation calculations.
• Ensure compliance with IFRS and support audits.

Skills

Strong Excel skills

Analytical skills

Attention to detail

Organizational abilities

Education

Bachelor’s degree in accounting, Finance, or Commerce

CPA / ACCA / CMA (preferred)

Tools

ERP systems (e.g., SAP, Xpedeon)

Job description

Azizi Developments stands as one of the UAE’s leading private real estate developers. Behind our iconic projects is a high-performing corporate team that drives strategy, innovation, and growth. Our professionals, spanning finance, HR, marketing, legal, and operations, play a vital role in shaping the future of our business. We operate with a keen sense of purpose, transparency, and integrity, committed to creating value at every level. If you seek to be part of a results-oriented, fast-paced environment where your contributions truly matter, Azizi is the ideal place to advance your career.

We are currently looking for a Asset Accountant to manage and control the company’s fixed assets by maintaining accurate records, ensuring timely capitalization and depreciation, conducting reconciliations, and complying with IFRS and audit requirements.

Key Responsibilities

Maintain Asset Register:

Maintain a detailed and accurate Fixed Asset Register in the ERP system.

Ensure timely recording of acquisitions, transfers, disposals, and adjustments.

Tag and track assets across locations and departments.

Asset Capitalization & Depreciation:

Process capitalization of assets upon project completion or acquisition.

Perform monthly depreciation calculations in accordance with company policies and IFRS (IAS 16).

Validate depreciation accuracy and post related journal entries.

Asset Reconciliations:

Perform regular reconciliations between the general ledger and the fixed asset register.

Investigate and resolve any discrepancies or variances.

IFRS Compliance:

Ensure all asset accounting complies with International Financial Reporting Standards (IFRS).

Prepare accurate and timely asset-related reports, including disclosures for financial statements.

Support External and Internal Audits:

Prepare and provide supporting documentation for asset schedules during internal and external audits.

Respond to audit queries and ensure audit compliance on asset-related matters.

Streamline Asset Reporting:

Continuously enhance asset reporting processes for better accuracy and efficiency.

Develop standardized formats for reporting additions, disposals, and movements.

Physical Verification:

Coordinate and conduct asset physical verification exercises.

Reconcile physical counts with the fixed asset register and investigate variances.

Interdepartmental Coordination:

Work closely with Procurement, Projects, IT, and Operations to ensure proper asset tagging, classification, and timely capitalization.

Qualifications & Skills:

Education: Bachelor’s degree in accounting, Finance, or Commerce. CPA / ACCA / CMA (preferred).

Experience: 5 years of UAE/GCC experience in asset accounting or similar role.

ERP Knowledge: Proficiency in ERP systems (e.g., SAP, Xpedeon).

Standards: Solid knowledge of IFRS, particularly IAS 16 (Property, Plant and Equipment) and IAS 36 (Impairment).

Skills: Strong Excel, analytical skills, attention to detail, and organizational abilities.