Fixed Asset Manager

Neom; Neom; On-site; SAR 60,000 - 100,000; Full time

Job summary

An innovative firm is seeking a Fixed Asset Manager to oversee capital accounting processes and enhance financial controls. This pivotal role involves managing the fixed asset audit process and ensuring compliance with financial standards. The ideal candidate will possess extensive experience in accounting, particularly in fixed assets, and demonstrate exceptional stakeholder management skills. Join a forward-thinking organization committed to creating a sustainable future, where your expertise will contribute to groundbreaking projects and initiatives. If you are ready to take on challenges and drive change, this opportunity is perfect for you.

Qualifications

• 7+ years of experience in Accounting or relevant field.
• Ability to demonstrate knowledge in Financial Reporting and Controls.
• Experience managing a substantial Fixed Asset Register.

Responsibilities

• Responsible for fixed asset accounting process and capital controls.
• Liaise with business asset owners for physical verification.
• Provide regular reports to senior management on fixed asset status.

Skills

Financial Reporting

Accounting Standards

Stakeholder Management

Change Management

Project Management

Data Analysis

Team Leadership

Education

Bachelor's degree in Accounting

Relevant Professional Memberships

Tools

SAP S/4HANA

Oracle PMIS

Excel

PowerPoint

MS Word

Job description

Job ID: 14355

Sector:

Finance

Location: NEOM, Saudi Arabia

OVERVIEW

NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation. As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change. Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a lasting legacy that benefits generations to come? Then we want to hear from you!

ROLE OVERVIEW

The Fixed Asset Manager is responsible for capital accounting process and controls, including control effectiveness and control enhancement and managing the Neom wide fixed asset audit process (internal, external and government). This role will provide expert advise and take responsibility for decisions on impairments, useful life and ensuring proper capital accounting treatment, as well as supporting the Capital Accounting Director in Capital Asset matters.

REQUIREMENTS SUMMARY Responsible for fixed asset accounting process and capital controls Ability to use professional knowledge and skills in Transactional & Financial Accounting Principles, including interpretation of IAS16, IAS36, IAS38 and other Financial Standards to ensure costs are correctly capitalized and valued, cost allocation, physical verification, classification and controls, combined with a high degree of diligence to contribute proactively to continuous improvement of organization’s accounting, and reconciliation processes and standards. Take ownership of the Fixed Asset sections of the Capital Accounting Manual, liaising with the General Ledger team, Financial Controls, Financial Planning & Analysis, Business Units and other stakeholders to ensure the process and controls are fully understood and fit for purpose Document, implement and enhance financial controls to ensure the capital asset environment can be relied upon Ensure that asset locations are correctly recorded, this will include system development to ensure the process is robust Liaise with the business asset owners to ensure assets are physically verified in accordance with company policy and any loses / physical deterioration is adequately recorded In the future, supervise and develop Senior Project Accountant(s) to achieve the Group’s objectives Using SAP S/4HANA, PS (Project System) and summary output from Oracle PMIS to analyze and take financial responsibility for the capitalization of Capital Work in Progress (“CWIP”) balances on all projects; Ensure CWIP is transferred to Fixed Assets, promptly and using appropriate classifications Work with the Commercial and Technical teams to evaluate the carrying value of Fixed Assets to ensure any impairments or, if appropriate, any IAS40 revaluations are properly recorded

ROLE COMPETENCIES & ACTIVITIES The Fixed Asset Manager responsibilities will include, but not be limited to: Stakeholder Management Analyze stakeholders’ needs, interests, and influence to prioritize engagement strategies. Develop and implement stakeholder engagement plans tailored to different stakeholder groups. Build and maintain strong relationships with stakeholders through regular communication and meetings. Act as the primary point of contact for stakeholders, addressing their concerns and providing updates on relevant activities. Manage the dissemination of information, ensuring timely and accurate communication. Work closely with internal teams, including projects, business proponent, and operations / facility management, to ensure stakeholder interests are aligned with organizational objectives. Identify and address potential conflicts or issues with stakeholders proactively. Mediate disputes or misunderstandings, ensuring that resolutions are in the best interest of both the stakeholders and the organization. Change Management Stay informed about best practices in fixed asset accounting and apply them to enhance process and control. Seek feedback from stakeholders to continuously improve the quality of engagement and reporting. Promote transparency and accountability in all interactions with stakeholders. Identify potential risks associated with the change and develop strategies to mitigate them Develop a strategy that outlines the approach, resources and timelines for implementing the change. Project Management Provide regular reports to senior management on fixed asset status, movements, and pending items. Use feedback and data to refine and improve reporting and timeliness of asset capitalisation. Coordinate involvement in projects, ensuring a good awareness of status and upcoming operations. Track and monitor stakeholder engagement activities and their impact on project outcomes. Leadership Prepare and deliver presentations, reports, and other communication materials tailored to stakeholder needs. Ensure that all stakeholder engagement activities comply with the relevant regulations and ethical standards. Utilize data analytics to drive strategies and decisions. EXPERIENCE & QUALIFICATIONS Knowledge, Skills and Experience 7+ Years of experience in Accounting or relevant field Ability to demonstrate knowledge and skills in Financial Reporting and Controls and Accounting Standards. Experience of managing a substantial Fixed Asset Register Exposure and interaction with an Operational Enterprise Asset Management System. Highly skilled in dealing with financial and numeric data; Highly skilled in use of Excel/PowerPoint; Highly skilled in use of MS Word and must be a very good writer in order to handle the occasional administrative needs of the department which may include translation; Excellent verbal skills; Team player and ability to oversee team players; Excellent work habits, including a willingness to work the hours necessary to completed the required tasks; Ability to work in stressful, last minute and deadline driven oriented tasks. Qualifications Bachelor’s degree in Accounting or relevant field. Relevant Professional Memberships/Accreditation. Experience in SAP

NEOM is committed to attracting and retaining the highest caliber of employees to support NEOM’s vision, mission and strategy. NEOM sources the best candidates based on fit for the role and searches local and global markets to identify talent.

NEOM is an equal opportunities employer. All qualified applicants will receive consideration for employment without regard to gender, disability, age, or any other form of discrimination/other characteristic protected by applicable local laws, regulations and ordinances.

As part of our recruitment process, NEOM will undertake reference checks to confirm suitability for the role. All offers of employment are subject to references, evidence of all qualifications and awards, and other background checks being satisfactorily completed. Additionally, all offers are subject to the candidate being able to successfully obtain a work visa to enter and work in the Kingdom of Saudi Arabia.

This job description is not an exhaustive list of duties and responsibilities. The employee may be required to perform additional job-related tasks and duties as assigned. To meet NEOM’s objectives and business needs, the work location is subject to change. Non office-based roles involve outdoor activities. Candidates should be prepared to work outdoors and on construction sites as part of their job responsibilities.

NEOM uses artificial intelligence as part of its recruitment process to assist and enhance efficiency. However, all final hiring decisions are made by human recruiters, ensuring that NEOM’s employment process remains fair and transparent.

The actions of our team should always support the NEOM Values

Learn more about NEOM’s Values