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Senior Accountant – Fixed Assets

Safaricom Telecommunications Ethiopia PLC

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Finance

Accounting

Addis Ababa

2 years - 3 years

1 Position

2025-02-04

to

2025-02-06

Required Skills

trace financial transactions

perform cost accounting activities

manage the general ledger

+ show more
Fields of study

Accounting

Full Time

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Job Description

Manage the company owned and leased assets by recording the cost of newly-acquired
fixed assets (both tangible and intangible), tracking fixed assets, recording depreciation, and
accounting for the disposal of fixed assets.

Key Responsibilities

  • Ensure proper and timely capitalization and  disposal of fixed assets.

  •  Reconcile fixed assets register to the general  ledger breaking down major categories of
    assets into cost, depreciation, and net book  value.

  • Liaise with technology division to ensure that all assets put in use in the month especially
    network infrastructure elements are  accounted for under additions for the month
    by quantity and value.

  • Analyze additions from AP ledger and classify  them into main asset categories monthly.

  •  Maintain proper trail of supporting documents  for additions to fixed assets.

  • Review POs to ensure that any commitments  made in respect to assets which have not yet
    been invoiced are accounted for in the  correct accounting period especially items
    relating to CWIP.

  • Review disposals and ensure the same are in  line with company policy and fully analyzed
    and properly accounted for including retirement from the register.

  • Compute depreciation per asset and per group of assets and ensure that it is properly
    accounted for; and perform a global check  for depreciation charge per assets category
    to ensure reasonableness

  • Liaise with tax section for preparation of schedules required for tax computation
    purposes to ensure that proper and maximum  possible capital allowances are claimed by
    the business.

  •  Justify any adjustments to fixed assets with  proper analysis of the impact it has on
    depreciation.

  • Analyze CWIP into the specific sites to which  they relate to and tie the same to specific
    purchase orders.

  • Age the CWIP based on the issuance report  to ensure that no items remain therein for
    more than 6 months.

  • Ensure that appropriate reconciliation is done between movements in the fixed assets
    accounts, CWIP accounts and the related  accruals and creditors accounts, to ensure
    completeness and accuracy of ledger  entries.

  • Ensure accurate and timely reconciliation of  ledger and sub-ledgers by ensuring that all
    the oracle ledger entries are accurate and  updated.

  • Ensure and monitor the process for tagging of  all assets and update the tag numbers into
    the fixed assets register for all additions.

  • Ensure physical verification of all capital  equipment and stocks annually. Where
    variances are identified, ensure the same is  resolved and updated on oracle inventory
    balances and the oracle financial ledger.

  •  Monitor for any damaged or impaired capital  equipment and ensure adequate provisions
    and write-offs are recognized and booked in the accounts in line with the relevant
    accounting policies after adequate  approvals and ensure utilization of the
    provisions is properly monitored.

Key performance indicators:

  • Timely and accurate capitalization of fixed asset and tracking of CWIP.
    • Timely posting of the depreciation figures into the general ledger by the 1st working day.
    • Complete schedules by the 3rd working day of the month with analysis per category of assets split into cost, additions, adjustments, disposals, depreciation, and net book value
    supporting the general ledger balances.
    • Accurate reconciliation between assets accounts movements in the purchase ledger
    with a clean trail of supporting documentation.
    • Accurate and complete schedules for audits as per agreed timelines

Core competencies and knowledge

  •  Keen knowledge of international financial reporting standards.
    • Strong ability to interpret and apply accounting and reporting standards.
    • Ability to quickly identify risks and capture accounting implications.
    • Hands on experience working with accounting systems e.g., Oracle, Hyperion, SAP, etc.
    • Proficiency in data analytics and visualization tools.
    • Strong analytical skills and a keen attention to details.
    • Experience and strong understanding of internal controls.
    • Self-driven, results oriented, proactive and an ability to work without supervision

Job Requirements:

Education & Experience:

  • Business related bachelor’s degree from a recognized university.

  • Qualified Accountant with CPA /ACCA/CIMA/ACA.

  •  2 – 3 years post qualification experience in finance with specialization an area of financial accounting.

  •  Proficiency in data analytics and visualization tools.

  • A strategic thinker, shaping processes, people, and systems.

How to Apply

If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to update your candidate profile on the career portal and then Click on the apply button using THIS LINK. Remember to attach your resume.

The closing date for receiving applications is Wednesday, February  5,2025

Fields Of Study

Accounting

Skills Required

trace financial transactions

perform cost accounting activities

manage the general ledger

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