Fixed Asset Accountant

Experts Plus Recruitment Services; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading recruitment agency in the United Arab Emirates is seeking a Fixed Asset Accountant to manage and report on fixed assets including acquisition, depreciation, and reconciliation. The ideal candidate will hold a Bachelor’s degree in Accounting or Finance and possess strong knowledge of fixed asset accounting principles and GAAP/IFRS compliance. Responsibilities include maintaining asset records, preparing schedules for audits, and collaborating with various teams to ensure accuracy and compliance.

Qualifications

• Bachelor’s degree in a relevant field is required.
• Strong knowledge of GAAP/IFRS compliance is essential.
• Proficiency in Excel, especially VLOOKUP and Pivot Tables.

Responsibilities

• Maintain and update the fixed asset register per policies.
• Record acquisitions and disposals accurately in the ERP system.
• Prepare schedules for financial reporting and audits.

Skills

Knowledge of fixed asset accounting principles

Proficiency in Microsoft Excel

Analytical ability

Attention to detail

Problem-solving skills

Organizational skills

Education

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

Tools

ERP systems (SAP, Oracle, NetSuite)

Job description

Job Summary

The Fixed Asset Accountant is responsible for managing and reporting on the company’s fixed assets, including acquisition, capitalization, depreciation, disposal, and reconciliation. This role ensures compliance with accounting standards and internal policies, maintains accurate asset records, and supports audits and financial reporting.

Responsibilities

• Maintain and update the fixed asset register in accordance with internal policies and accounting standards.
• Record fixed asset acquisitions, disposals, transfers, and adjustments accurately in the ERP system.
• Perform monthly depreciation runs, reconciliations, and ensure proper capitalization of assets.
• Monitor ongoing projects to ensure timely capitalization of completed assets (CWIP clearance).
• Conduct periodic physical verification of fixed assets and reconcile discrepancies.
• Prepare fixed asset-related schedules for monthly, quarterly, and annual financial reporting.
• Assist in internal and external audit requirements related to fixed assets.
• Ensure compliance with GAAP/IFRS and company policies for asset accounting processes.
• Support process improvements to enhance accuracy, efficiency, and internal controls.
• Collaborate with procurement, finance, and operations teams for asset-related workflows and documentation.

Qualifications & Skills

• Bachelor’s degree in Accounting, Finance, or a related field.
• Strong knowledge of fixed asset accounting principles and GAAP/IFRS compliance.
• Proficiency in Microsoft Excel, including VLOOKUP, Pivot Tables, and data analysis.
• Experience working with ERP systems such as SAP, Oracle, NetSuite, or similar (Fixed Asset Modules).
• Excellent attention to detail, accuracy, and organizational skills.
• Strong analytical ability and problem-solving skills.
• Ability to work independently and manage time effectively.