Fixed Asset Accountant

Barns; Jeddah; On-site; SAR 80,000 - 120,000; Full time

Job summary

Barns is seeking a diligent accounting professional to execute and monitor daily general ledger operations with a focus on fixed assets, lease accounting, and intangibles. You will ensure accurate recording of financial data in line with IFRS and internal policies.

Responsibilities include posting journal entries, reconciling bank and accounts, managing D365 Fixed Assets and Asset Leasing modules, and supporting month-end closing and audits.

Qualifications

• Bachelor's degree in Accounting, Finance, or equivalent.
• 2–4 years in general accounting with exposure to fixed assets/lease accounting.
• Hands-on experience with D365 Fixed Assets and Asset Leasing modules.
• Working knowledge of IFRS 16, IAS 16 and IAS 38; SOCPA/CMA preferred.

Responsibilities

• Record journal entries for all financial transactions and ensure they match supporting documents and accounting standards.
• Set up lease contracts in D365 Asset Leasing; calculate present values and recognize ROU assets and lease liabilities.
• Manage asset lifecycle in D365 Fixed Assets: capitalizations, CWIP monitoring, and transfers to active assets.
• Post month-end asset journal entries, run depreciation/amortization, and support closing and audits.

Skills

IFRS knowledge

Education

Bachelor's degree in Accounting, Finance, or equivalent

SOCPA or CMA preferred

Tools

D365 Fixed Assets

D365 Asset Leasing

Job description

Job Purpose

Execute and monitor daily accounting operations in the general ledger, with a specialized focus on fixed assets, lease accounting, and intangible assets, ensuring accurate recording of financial data in line with IFRS and approved policies.

Key Responsibilities

General Accounting

• Record journal entries for all financial transactions and ensure they match supporting documents and accounting standards
• Perform bank reconciliations and reconcile account balances at month-end
• Review expenses/revenues for proper classification; maintain organized transaction records

Lease Accounting (IFRS 16)

• Set up lease contracts in D365 Asset Leasing; calculate present values and recognize ROU assets and lease liabilities
• Process lease payments and manage monthly depreciation/finance cost runs
• Track expiring contracts, post renewal accruals, and coordinate with the Commercial Expansion team on lease data

Fixed Assets & Intangibles (IAS 16 / IAS 38)

• Manage asset lifecycle in D365 Fixed Assets: capitalizations, CWIP monitoring, and transfer to active assets
• Maintain depreciation/amortization schedules and perform impairment reviews
• Capitalize and amortize qualified intangible expenditures

Closing & Reporting

• Post month-end asset journal entries, run depreciation/amortization batches, and prepare roll-forward schedules
• Support monthly/annual closing and contribute to financial statement preparation
• Follow up on facility payments; provide required data for internal/external audits

Qualifications

• Bachelor's degree in Accounting, Finance, or equivalent
• SOCPA or CMA preferred

Experience

• 2–4 years in general accounting, with exposure to fixed assets/lease accounting preferred
• Hands-on D365 experience (Fixed Assets and/or Asset Leasing modules) required
• Working knowledge of IFRS 16, IAS 16, and IAS 38