Fixed Asset and Inventory Controller
Reporting to the Financial Controller, the Fixed Asset and Inventory Controller is responsible for overseeing the management, tracking, and reporting of the company’s fixed assets and inventory. This role ensures accurate asset capitalization, depreciation, and disposal, as well as effective inventory control and valuation. The position plays a key role in maintaining financial integrity and supporting project accounting through direct supervision of project accountants.
Key Responsibilities
- Maintain the fixed asset register, ensuring accurate recording of acquisitions, transfers, disposals, and depreciation.
- Coordinate physical verification of assets and reconcile with accounting records.
- Ensure compliance with capitalization policies and accounting standards.
- Oversee inventory tracking systems and ensure accurate stock records.
- Monitor stock movements, conduct periodic stock counts, and investigate variances.
- Ensure proper valuation of inventory in line with accounting policies.
- Prepare monthly, quarterly, and annual reports on fixed assets and inventory.
- Ensure compliance with internal controls, audit requirements, and financial policies.
- Support external and internal audits with relevant documentation and reconciliations
- Supervise project accountants, ensuring accurate tracking of project-related assets and inventory.
- Review project cost allocations and ensure alignment with budgets and capital expenditure policies.
- Provide guidance and training to project accountants on asset and inventory procedures.
- Prepares audit schedules and support audits
- Collaborate with IT and finance teams to enhance asset and inventory management systems.
- Identify and implement process improvements to increase efficiency and accuracy.
Requirements
Skills and Experience
- Bachelor’s degree in accounting, Finance, or a related field.
- CPA, ACCA, or equivalent professional certification.
- Minimum of 5 years’ experience in asset and inventory accounting, with at least 2 years in a supervisory role.
- Strong knowledge of IFRS and fixed asset accounting principles.
- Experience with ERP systems and inventory management tools.
- SAGE experience is an added advantage