Company: Safaricom Ethiopia
Position: Senior Accountant – Fixed Assets
Location: Addis Ababa, Addis Ababa
Application Deadline: June 5, 2024
Job Description
Role Purpose:
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 the 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 a 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 to ensure they 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 it is properly accounted for; perform a global check for depreciation charge per assets category to ensure reasonableness.
- Liaise with the 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 on depreciation.
- Analyze CWIP into the specific sites they relate to and tie the same to specific purchase orders.
- Age the CWIP based on the issuance report to ensure no items remain therein for more than 6 months.
- Ensure appropriate reconciliation 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 all Oracle ledger entries are accurate and updated.
- Monitor the process for tagging all assets and update tag numbers into the fixed assets register for all additions.
- Ensure physical verification of all capital equipment and stocks annually. Resolve and update any identified variances 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 relevant accounting policies after adequate approvals, and ensure utilization of the provisions is properly monitored.
Skill and Educational Background
Required Qualifications:
- 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 in financial accounting.
Required Skills:
- 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).
- Proficiency in data analytics and visualization tools.
- Strong analytical skills and keen attention to detail.
- Experience and strong understanding of internal controls.
- Self-driven, results-oriented, proactive, and able to work without supervision.
Application Process
How to Apply:
If you feel up to the challenge and possess the necessary qualifications and experience, kindly update your candidate profile on the career portal and then click on the apply button. Remember to attach your resume.
Application Link:
Click here to apply
Safaricom Ethiopia is proud to celebrate diversity and strives to achieve an equal opportunity workplace. Employment at Safaricom Ethiopia is based solely on an individual’s merit and qualifications directly related to their field of competence. We do not discriminate against an employee or potential employee because of race, color, religion, sex, national origin, sexual orientation, age, marital status, disability, or gender identity.