Accountant (Fixed Asset)

Fixed Asset Accountant

This Fixed Asset Accountant role in Snodland is all about managing and maintaining accurate records of fixed assets to support the business's financial operations. You'll play a key part in ensuring compliance and providing insights that help the company in the Energy & Natural Resources industry run efficiently.

Client Details

This company operates in the Energy & Natural Resources sector and is based in Snodland.

Description

• Maintain and update the fixed asset register with accuracy and attention to detail.
• Prepare and post monthly depreciation and reconciliation journals.
• Ensure compliance with relevant accounting standards and regulations.
• Support year-end audits by providing required documentation and explanations.
• Monitor and report on capital expenditure against budgets.
• Collaborate with other departments to gather and verify asset-related information.
• Assist in process improvements for fixed asset management and reporting.
• Provide insights and analysis on fixed asset data to aid decision-making.
• Maintain the integrity of the fixed asset register, overseeing the end-to-end process from asset creation to disposal/decommissioning.
• Assist in the componentisation process, breaking down large project costs into individual assets once a project completes and ensuring an appropriate useful economic life is attributed to each asset.
• Influence the capital WIP closure process to ensure more timely and accurate recognition of assets.
• Calculate and post monthly depreciation, capitalised interest, impairment charges and adjustments.
• Manage the overall monthly processes for fixed assets and WIP accounting, including accruals, reviewing the results for any significant variances or concerns, and communicating the impact.
• Calculate depreciation and capitalised interest for budgets and forecasts, ensuring that budgets are consistent with the capital programme.
• Provide guidance and support to budget holders and key stakeholders to ensure that only eligible costs are capitalised in compliance with the organisation's accounting policies and IFRS.
• Manage the statutory and regulatory year end processes including providing relevant information and reconciliations to support the fixed asset disclosure note in the annual report, managing the interaction with external auditors for all fixed asset related queries and providing accurate and timely audit evidence and sample documentation.
• Manage the retentions account, ensuring that balances held are appropriate and reconciled.
• Work with stakeholders in Assets and Operations to achieve convergence of the Financial and Operational fixed asset registers.