Fixed Assets Senior Specialist - IFRS, SAP & Audit

SAUDI ARABIAN RESOURCES COMPANY; Riyadh; On-site; SAR 180,000 - 260,000; Full time

Job summary

SAUDI ARABIAN RESOURCES COMPANY in Riyadh is seeking a knowledgeable Fixed Asset Specialist to maintain the integrity of the asset register and manage additions, transfers, and disposals in the ERP system.

You will execute monthly depreciation runs, allocate costs to cost centers, and perform physical verifications to ensure asset existence and condition. Collaborate with Operations, Procurement and HSE for accurate data and compliant disposal practices.

Qualifications

• Bachelor's degree in Accounting, Finance or related field from an accredited institution.
• Minimum of five years fixed assets accounting experience, preferably in industrial/manufacturing.
• Strong IFRS knowledge with IAS 16 focus.
• Proficient in ERP asset management (SAP/Oracle/MD) and advanced Excel.

Responsibilities

• Maintain fixed asset register: record additions, transfers and disposals in the ERP system.
• Run monthly depreciation and allocate costs to cost centers such as Refining and Laboratory.
• Coordinate periodic physical asset counts at refinery and office locations.
• Investigate and resolve discrepancies between counts and asset register.
• Review capital expenditure requests for capitalization policy compliance.
• Provide asset schedules and documentation for internal/external audits.
• Process asset write-offs and disposals per policy and regulations.
• Prepare fixed asset disclosures for IFRS-based financial statements.
• Identify opportunities to strengthen fixed asset controls and streamline processes.
• Collaborate with Operations, Procurement and HSE to ensure accurate asset data.

Skills

Fixed asset accounting

Attention to detail

Analytical skills

English proficiency

Education

Bachelor's degree in Accounting/Finance

Tools

SAP

Oracle

Microsoft Dynamics

Excel

Job description

SAUDI ARABIAN RESOURCES COMPANY in Riyadh is seeking a knowledgeable Fixed Asset Specialist to maintain the integrity of the asset register and manage additions, transfers, and disposals in the ERP system.

You will execute monthly depreciation runs, allocate costs to cost centers, and perform physical verifications to ensure asset existence and condition. Collaborate with Operations, Procurement and HSE for accurate data and compliant disposal practices.