Wananchi Group Asset Accountant Vacancy in Nairobi

Wananchi Group (K) Ltd

Job Title: Asset Accountant

Department: Finance & Admin

Location: Gateway Park , Mombasa Road

Employment Status/ Type: Permanent

Position Reporting to: Chief Accountant

Job Purpose / Summary: The Asset Accountant is responsible for maintaining accurate records of assets i.e. inventory as well as fixed assets, recording asset additions and disposals, calculating resulting gains and losses; tracking asset movements, computing depreciation.

This position  also involve the preparation of month-end journal entries arising from fixed asset activities / Inventory, assisting with other financial close-related tasks, and the resolution of discrepancies between the fixed asset module of the ERP and other related modules.

Key Roles:

  • Oversee the overall asset accounting function including fixed assets as well as inventory
  • Provide interface between the WG and suppliers/Contractors on asset book keeping including receiving invoices and recognizing the asset.
  • Record fixed asset acquisitions and dispositions in the accounting system.
  • Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed
  • Recommend to management any updates to accounting policies related to fixed assets. Implement the approved company Asset Policy.
  • Assign tag numbers to fixed assets maintain tag records.
  • Review and update the detailed schedule of fixed assets and accumulated depreciation. Calculate depreciation for all fixed assets
  • Investigate the potential obsolescence of fixed assets as well as recommend to management whether fixed assets should be disposed of.
  • Conduct periodic impairment reviews for intangible assets.
  • Conduct periodic physical inventory counts of fixed assets.
  • Track STB assets movement in various databases including Kenya, Tanzania, Uganda, Malawi etc
  • Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
  • Conduct monthly assets –STB’s reconciliation between purchases, receipt, Wincable & provisioning system to ensure completeness of assets records.
  • Assess for obsolescence in line with company policy and IFRS
  • Conduct analyses related to fixed assets as requested by management.

Key Performance Indicators:

  • A clean and updated asset register
  • Timely fixed asset reports
  • A reconciled fixed assets register with the GL accounts
  • A reconciled inventory module with GL accounts
  • Ensure  all assets are tagged
  • Supervise and coordinate monthly stock take
  • Reconcile physical stock to book stocks and explain variances
  • Develop and maintain policies aligned to IFRS/GAAP/Tax
  • Ensure real time update of the inventory
  • Manage and coordinate internal and external Audits
  • Tracking of the WIP movement
  • Monthly Depreciations Process

Desired Qualifications

  • Degree in Finance
  • Certified Public Accountant (CPA-K)
  • 5yrs post Qualification

Accounting and Finance
Updated: January 18, 2017 — 7:39 am