About the Role

The Fixed Assets, Inventory, and Leases Officer is responsible for overseeing the management of the company's fixed assets, inventory, and leases. This role includes ensuring accurate tracking, accounting, and reporting of all fixed assets, maintaining inventory levels, and managing lease agreements. The officer will work closely with various departments to ensure compliance with company policies and accounting standards.

Main Responsibilities and Duties

1. Fixed Assets Management:

• Maintain the fixed assets register and ensure all acquisitions, disposals, and transfers are accurately recorded.

• Ensure proper depreciation of fixed assets in line with company policies and accounting standards.

• Assist in the preparation of capital expenditure budgets and forecasts.

• Coordinate with the operations teams for the timely capitalization of fixed assets.

2. Inventory Management:

• Conduct regular inventory audits and reconciliations to ensure accuracy and completeness.

• Work closely with the procurement, production, and sales teams to forecast inventory needs and prevent overstocking or stockouts.

• Implement and monitor internal controls over inventory management and provisions.

• Analyze inventory data to identify trends, discrepancies, and areas for improvement.

3. Leases Management:

• Upkeep the company's lease portfolio, ensuring all lease agreements are accurately recorded and maintained.

• Monitor lease payment schedules, ensuring timely payments and compliance with lease terms.

• Ensure compliance with accounting standards related to lease accounting (e.g., IFRS 16).

• Prepare and present lease-related reports and analysis.

4. Reporting and Compliance:

• Prepare and submit regular reports on fixed assets, inventory, and leases.

• Ensure compliance with all relevant accounting standards, company policies, and legal requirements.

• Assist in internal and external audits related to fixed assets, inventory, and leases.

• Identify and implement process improvements to enhance the efficiency and effectiveness of fixed assets, inventory, and lease management.

5. Collaboration and Support:

• Provide support to the finance and accounting teams in relation to fixed assets, inventory, and leases.

• Collaborate with other departments to ensure alignment and accuracy in asset and inventory management.

Job Specific Competencies

• Business knowledge

• Financial knowledge

• Completeness and Accuracy

Qualifications and Experience

• Bachelor’s degree in accounting or finance.

• Minimum 3+ years of relevant experience in finance/accounting.