Fixed Assets Accountant (Contract Convertible to Perm)

AccountStaff; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

AccountStaff in Kuala Lumpur is seeking a Fixed Asset Accountant to manage end-to-end asset movements, maintain the asset register, and ensure compliance with IFRS/US GAAP.

You will calculate depreciation, perform reconciliations between systems, and prepare monthly/quarterly/annual fixed asset reports. The role includes asset counts, audit support, and ongoing policy enhancements.

Qualifications

• Experience in fixed asset accounting under IFRS/US GAAP.
• Ability to perform reconciliations and data integrity checks.
• Proficiency in depreciation calculation and asset capitalization.

Responsibilities

• Manage end-to-end fixed asset processes, including asset additions, transfers, and retirements, with timely and accurate documentation.
• Maintain a complete and accurate fixed asset register monthly, ensuring proper classification, capitalization, and tracking of all assets.
• Perform reconciliation of fixed asset data between operational systems and accounting systems, resolving discrepancies and ensuring data integrity.
• Calculate and record monthly depreciation, reviewing useful lives and ensuring compliance with company policy and accounting standards.
• Reconcile fixed asset balances to general ledger accounts, preparing schedules and investigating variances as needed.
• Prepare and support monthly, quarterly, and annual fixed asset reports, including roll-forwards and supporting analyses.
• Participate in physical asset counts, validating asset existence, condition, and location; support follow-up investigations.
• Assist with internal and external audit requests, providing documentation, explanations, and reconciliation support.
• Develop and enhance fixed asset accounting policies, SOPs, and internal controls to improve accuracy and efficiency.
• Ensure compliance with IFRS/US GAAP/local GAAP regarding capitalization, impairment, depreciation, and asset disposals.
• Provide general accounting support and assist with other finance tasks as required.

Skills

Fixed asset accounting

Job description

• Manage end-to-end fixed asset processes, including asset additions, transfers, and retirements, with timely and accurate documentation.
• Maintain a complete and accurate fixed asset register monthly, ensuring proper classification, capitalization, and tracking of all assets.
• Perform reconciliation of fixed asset data between operational systems and accounting systems, resolving discrepancies and ensuring data integrity.
• Calculate and record monthly depreciation, reviewing useful lives and ensuring compliance with company policy and accounting standards.
• Reconcile fixed asset balances to general ledger accounts, preparing schedules and investigating variances as needed.
• Prepare and support monthly, quarterly, and annual fixed asset reports, including roll-forwards and supporting analyses.
• Participate in physical asset counts, validating asset existence, condition, and location; support follow-up investigations.
• Assist with internal and external audit requests, providing documentation, explanations, and reconciliation support.
• Develop and enhance fixed asset accounting policies, SOPs, and internal controls to improve accuracy and efficiency.
• Ensure compliance with IFRS/US GAAP/local GAAP regarding capitalization, impairment, depreciation, and asset disposals.
• Provide general accounting support and assist with other finance tasks as required.