Fixed Asset Accounting Lead - V1 at Barrick

Reko Diq, Balochistan, Pakistan -

Full Time

Start Date

Immediate

Expiry Date

08 Mar, 26

Salary

0.0

Posted On

08 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting Principles, Financial Reporting, SAP, Oracle, Analytical Skills, Problem-Solving, Leadership, Team Management, Communication Skills, Interpersonal Skills, Fixed Asset Management, PPE Accounting, Impairment Testing, Asset Retirement Obligations, Depreciation, Balance Sheet Reconciliation, Internal Controls

Industry

mining

Description

Department Finance Position Fixed Asset Accounting Lead Location Reko Diq Mine Site – Balochistan Qualification CA, ACCA, or equivalent professional accounting qualification. Experience Minimum 8 years in finance, including at least 3 years in a similar role. Requirements Strong knowledge of accounting principles, standards, and financial reporting requirements. Hands-on experience with SAP (Fixed Asset module) and/or other ERP systems such as Oracle. Excellent analytical and problem-solving skills with meticulous attention to detail. Proven leadership and team management abilities, with the capacity to mentor and develop staff. Strong communication and interpersonal skills to effectively collaborate with stakeholders. Responsibilities Review costs capitalized in construction-in-progress and profit & loss accounts to ensure accuracy per IAS 16. Monitor the compilation of project costs into fixed asset accounts and close accounts upon project completion, including development and approval of asset addition forms. Conduct periodic meetings with project owners to track project progress and document rationale for long-outstanding projects. Track owners and other indirect costs capitalized in construction-in-progress and allocate costs to completed assets. Oversee acquisition, capitalization, tagging, and disposal of all fixed assets, maintaining the fixed asset register and system. Collaborate with EPCM to align capitalization of company-managed packages. Review and implement PPE accounting policies and procedures in line with the parent company, reconciling balances between local and group reporting. Assess indicators of impairment for assets and CGUs at each reporting period, performing impairment testing as needed. Work with the sustainability team to calculate and recognize asset retirement obligations, updating records periodically. Review newly signed contracts to identify leases and record them according to IFRS 17. Record depreciation, perform complex balance sheet reconciliations, and prepare financial reports and analysis for internal and external stakeholders. Ensure compliance with company policies, accounting standards (e.g., GAAP), and relevant laws, supporting internal and external audits. Develop and implement policies, procedures, and internal controls for fixed asset management, identifying opportunities for efficiency improvements. Coordinate with project management, tax, and other departments to provide information, resolve queries, and ensure accurate financial reporting. Mentor and guide junior staff, including Fixed Asset Technicians, providing direction on complex technical issues.

Responsibilities

The Fixed Asset Accounting Lead will oversee the accuracy of capitalized costs and manage the fixed asset register. Responsibilities include monitoring project costs, conducting meetings with project owners, and ensuring compliance with accounting standards.