Fixed Asset Manager

• Develop and implement strategies for the effective management of fixed assets.
• Maintain accurate records of all fixed assets, including acquisitions, disposals, and depreciation.
• Conduct regular audits to verify the existence and condition of fixed assets.
• Asset Acquisition:

• Collaborate with various departments to identify the need for new assets and ensure alignment with organizational goals.
• Evaluate potential asset acquisitions, including cost-benefit analysis and risk assessment.
• Coordinate the procurement process for new assets, including negotiation with suppliers and vendors.
• Depreciation and Valuation:

• Calculate depreciation expenses and maintain depreciation schedules in accordance with accounting standards.
• Monitor changes in asset values and assess impairment when necessary.
• Work closely with finance and accounting teams to ensure accurate financial reporting.
• Asset Disposal:

• Develop procedures for the disposal of obsolete or surplus assets.
• Coordinate asset disposal activities, including valuation, sale, or scrapping, while adhering to legal and regulatory requirements.
• Maximize the value of assets through strategic disposal initiatives.
• Compliance and Reporting:

• Stay abreast of relevant regulations, accounting standards, and industry best practices related to fixed asset management.
• Ensure compliance with internal policies and external regulations governing fixed assets.
• Prepare reports and presentations on fixed asset performance, status, and trends for management review.

Bayt