Lead Manager - Fixed Assets, Inventory, & OGRA Compliance

SSGC LPG Limited; Karachi Division; On-site; PKR 1,500,000 - 2,100,000; Full time

Job summary

Sui Southern Gas Company Limited invites applications for a senior role overseeing fixed assets accounting, depreciation, and inventory controls. The role focuses on asset capitalization, regulatory reporting, and audit readiness, ensuring compliance with asset policies.

The incumbent will coordinate with internal and external auditors, manage asset lifecycle, and prepare detailed MIS for OGRA templates and management review.

Qualifications

• Team leadership experience required (minimum 4 years).
• CA/ACMA with post-membership experience of at least 6 years or ACCA/MBA in Finance with at least 9 years of experience.

Responsibilities

• Maintain fixed asset records and verify accuracy through regular counts.
• Review depreciation methodologies and ensure compliance with regulations and standards.
• Provide MIS reports to Tariff Department and auditors (OGRA, government, external).
• Supervise un-posted, mass additions documentation and capitalization of assets.
• Review Asset Retirement Advices and approve asset retirements.
• Oversee inventory and stores activity including stock receiving, issuing and transfers.
• Coordinate with IT to ensure ERP system and accounting modules function properly.
• Prepare quarterly, half yearly, and annual stores schedules for financial statements.

Skills

Team leadership

Education

CA/ACMA post-membership 6+ years

ACCA / MBA in Finance 9+ years

Job description

JOB DETAILS:

Qualification & Experience:

CA / ACMA with at least 6 years of post-membership experience

Or

ACCA / MBA in Finance from HEC recognized university with at least 9 years of experience

Functional team lead experience of at least 4 years is mandatory

Responsibilities:

JOB SUMMARY

The position exists for the purpose of administration of Fixed Assets Register, formulation of fixed asset accounting for tangible / intangible assets, analysis of capital expenditure and reporting. Function includes ensuring compliance with fixed asset policies, and procedures. Facilitate internal auditors, external auditors, government auditors and other regulatory authorities providing key documents for audit purposes, and resolve any queries or issues as and when required. Observe and review inventory records including stock position, value, and aging records as per accounting standards.

JOB RESPONSIBILITIES

• Monitor the maintenance and verification of fixed asset records accurately on a timely basis starting from the date of asset’s acquisition and periodically verifying assets balances and availability through inspection and physical counts.
• Review depreciation methodologies and rates are reviewed and reported to higher management at regular intervals and make sure that these are in accordance with applicable regulations and standards.
• Facilitate Tariff Department in providing MIS reports related to Oil and Gas Regulatory Authority (OGRA) templates, government and external auditors.
• Supervise and review un-posted, mass additions documents (receiving invoice and GL accounting) and reconciliation for timely capitalization of assets.
• Review Asset Retirement Advices (ARA) and approve inspection of assets to be retired.
• Review Vehicle Dashboard (MIS) and key assets to be presented to senior management.
• Oversee inventory and supply chain management according to company guidelines.
• Prepare reports and monitor stores activity on a daily basis regarding receiving, issuing, transfer and return of stocks.
• Monitor the maintenance and verification of fixed asset records accurately on a timely basis starting from the date of asset’s acquisition and periodically verifying assets balances and availability through inspection and physical counts.
• Review depreciation methodologies and rates are reviewed and reported to higher management at regular intervals and make sure that these are in accordance with applicable regulations and standards.
• Facilitate Tariff Department in providing MIS reports related to Oil and Gas Regulatory Authority (OGRA) templates, government and external auditors.
• Supervise and review un-posted, mass additions documents (receiving invoice and GL accounting) and reconciliation for timely capitalization of assets.
• Review Asset Retirement Advices (ARA) and approve inspection of assets to be retired.
• Review Vehicle Dashboard (MIS) and key assets to be presented to senior management.
• Oversee inventory and supply chain management according to company guidelines.
• Prepare reports and monitor stores activity on a daily basis regarding receiving, issuing, transfer and return of stacks.
• Monitor and reevaluate inventory records including stock position, value, aging records as per accounting standards.
• Review variance reports on Inventory module and General Ledger pertaining to Stores department and coordinate with stores in-charge
• Coordinate with Information Technology (IT) to ensure proper functioning of ERP system and accounting modules.
• Supportsenior management in monitoring inventory according to company guidelines.
• Supervise the preparation of reports to monitor stores activity on a regular basis regarding receiving, issuing, transfer and return of stocks.
• Support senior management in preparing reconciliation reports of pipeline coatings on monthly basis and make necessary JVs and cost analysis.
• Gather key data to update standard costs of coated pipe on ERP system.
• Support senior management in preparing variance reports on Inventory module and General Ledger pertaining to Stores department, investigate for any errors and discrepancies in coordination with IT department.
• Prepare quarterly, half yearly, and annual stores schedule for review by senior management to be incorporated in financial statements.
• Ensure proof reading of quarterly, half yearly and annually financial statements are proof read before publication.
• Supervise preparation of MIS reports for review by senior management.
• The individual shall ensure compliance to the Enterprise Risk Management Framework enforced in the Company while performing job responsibilities in accordance with his assigned role.
• The individual shall ensure compliance to the Business Principles and Ethics Policy / Code of Conduct.
• Undertake any other task as assigned by the supervisor.

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