Fixed Asset Analyst (Manufacturing or Construction) at Ascentech Services Ltd
Lagos, , Nigeria -
Full Time


Start Date

Immediate

Expiry Date

05 Sep, 25

Salary

0.0

Posted On

05 Jun, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Pivot Tables, Accounting Software, Sage, Finance

Industry

Accounting

Description

JOB SUMMARY:

We are seeking a detail-oriented and experienced Fixed Asset Analyst to manage the lifecycle of the organization’s fixed assets. This role is responsible for maintaining accurate records, ensuring compliance with accounting standards and tax regulations, and supporting both operational and strategic asset management decisions.

JOB REQUIREMENTS:

  • Bachelor’s degree in Accounting, Finance, or related discipline.
  • Minimum of 2–3 years’ experience in fixed asset accounting.
  • Prior experience in the construction or manufacturing industry is an added advantage.
  • Proficiency in accounting software (e.g., SAP, SAGE).
  • Strong Microsoft Excel skills, including use of formulas and pivot tables.
  • Solid understanding of depreciation methods, asset classification, and Nigerian tax regulations.
  • Familiarity with Nigerian GAAP and IFRS standards.
    Qualified candidates should send their CVs to precious@ldd-consulting.com using the job title as the subject of the email.
    Job Type: Full-time

Experience:

  • Fixed asset accounting: 2 years (Preferred)
Responsibilities
  • Maintain and regularly update the fixed asset register, including acquisitions, retirements, and disposals.
  • Assign asset tags and track physical movements of assets across locations.
  • Conduct periodic physical inventory checks to verify the existence and condition of assets.
  • Accurately account for all fixed asset transactions, including adjustments and disposals.
  • Calculate and post depreciation entries in accordance with applicable accounting standards (e.g., Nigerian GAAP, IFRS).
  • Account for amortization of intangible assets as required.
  • Review capital expenditures to determine appropriate capitalization or expense treatment.
  • Monitor and reconcile Capital Work in Progress (CIP) accounts and ensure timely transfer to fixed assets upon completion.
  • Prepare and post journal entries related to asset transactions.
  • Reconcile the fixed asset sub-ledger with the general ledger monthly.
  • Generate asset reports for management review and audit purposes.
  • Ensure adherence to accounting principles, tax laws, and internal controls related to asset accounting.
  • Provide documentation and support during internal and external audits.
  • Assist in budgeting and forecasting processes related to capital expenditures and depreciation.
  • Support other accounting team functions as required.
  • Contribute to process improvement initiatives and system enhancements.
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