Assistant Manager - Record to Report (Project Accounting & Fixed Asset Management)

Assistant Manager - Record to Report

Assistant Manager - Record to Report

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MISSION : The accountant assists the Accounting Manager or the Accounting Cycle Analyst with Group and local norms accounting activities. 
He/She handles layout, entry, verification, control, quality and consistency of accounting transactions and accounts within his/her remit. 
He/She ensures these activities comply with Group referentials and relevant country's legislation and such information is available within prescribed deadlines for preparation of financial statements.

KEY EXPECTED ACHIEVEMENTS •Compliance of GL entries and transactions with Group and local norms, function allocation rules and standard processes. •Accounts reconciliation and justification before reviewers, internal and external auditors and internal controllers. •Closing transactions, program and reporting operated in compliance with closing deadlines and quality level expected.

Job Summary:

The Project Accounting and Fixed Asset [Analyst/Specialist/Manager] is responsible for the accurate and timely management of project accounting and fixed asset activities. This role involves ensuring compliance with accounting standards, internal policies, and regulatory requirements. The ideal candidate will possess a strong understanding of project costing, fixed asset lifecycle management, and financial reporting.

Responsibilities:

• Project Accounting:

  • Monitor and track project costs, including labor, materials, and other expenses.

  • Prepare and review project budgets, forecasts, and variance analyses.

  • Generate project-related financial reports and provide insights to project managers.

  • Ensure accurate and timely project billing and revenue recognition.

  • Maintain project cost ledgers and reconcile project accounts.

  • Manage project close-out activities, including final cost reconciliation and reporting.

  • Analyze project profitability and identify areas for cost optimization.

• Fixed Asset Management:

  • Maintain the fixed asset register, ensuring accurate recording of acquisitions, disposals, and transfers.

  • Calculate and record depreciation and amortization expenses.

  • Conduct periodic physical inventory counts of fixed assets.

  • Reconcile fixed asset sub-ledgers to the general ledger.

  • Develop and implement fixed asset policies and procedures.

  • Ensure compliance with relevant accounting standards (e.g., GAAP, IFRS) and tax regulations.

  • Analyze fixed asset utilization and identify opportunities for optimization.

  • Manage asset capitalization.

  • Calculate asset impairment.

  • Working Knowledge of Lease accounting.

• Financial Reporting and Analysis:

  • Prepare and analyze financial reports related to project costs and fixed assets.

  • Provide financial analysis and insights to support decision-making.

  • Assist with month-end and year-end closing activities.

  • Support internal and external audits.

• Compliance and Internal Controls:

  • Ensure compliance with internal policies, accounting standards, and regulatory requirements.

  • Implement and maintain effective internal controls over project accounting and fixed asset processes.

  • Identify and address control weaknesses.

• System and Process Improvement:

  • Identify and implement process improvements to enhance efficiency and accuracy.

  • Utilize and maintain relevant accounting software and systems.

  • Participate in system upgrades and implementations.

Experience Level

Mid Level