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Financial Analyst- Fixed Asset and FP&A

1.00 to 10.00 Years   Riyadh, Saudi Arabia   23 Jul, 2024
Health Water Bottling Co. Nova
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryFMCG
Functional AreaNot Mentioned

Job Description

Responsible for creating and communicating key financial and business analysis/support to management on capital expenditure and depreciation trends. Requires technical accounting knowledge of the long-lived asset process. Responsible for accurate asset details on all Fixed Assets for auditing purposes. Label/tag and record all company Fixed Assets before distributing to user and record details on Fixed Assets Register. Update asset records on a daily basis to ensure easy access to Fixed Assets information. The candidate will be a business partner to the plant team and responsible for accurate accounting of fixed assets of the company.ResponsibilitiesFixed Asset Management:

  • Record and maintain detailed and accurate records of fixed asset acquisitions, capitalizations, transfers, retirements, and disposals.
  • Review and post purchase orders, invoices, and related documents to ensure proper asset capitalization.
  • Calculate and post accurate depreciation and amortization entries in accordance with applicable accounting standards.
  • Review depreciation reports and reconcile balances to ensure accuracy.
  • Perform regular reconciliations between fixed asset sub-ledgers, general ledger accounts, and physical asset records.
  • Provide insights and recommendations to support financial decision-making.
  • Perform yearly physical count and review results to determine idle and obsolete assets.
  • Perform tagging of all new added assets on quarterly basis.
Financial Reporting:
  • Prepare and analyze monthly, quarterly, and annual financial statements in accordance with GAAP.
  • Provide accurate and timely financial reports to senior management and stakeholders.
  • Ensure compliance with relevant financial regulations and accounting principles.
Budgeting and Forecasting:
  • Collaborate on the annual budget, monitor variances, and provide decision-making insights.
Internal Controls:
  • Establish and maintain effective internal controls to safeguard company assets.
  • Conduct regular reviews to address control weaknesses and ensure regulatory compliance.
Financial Analysis:
  • Conduct in-depth financial analysis for strategic decision-making.
  • Provide insights and recommendations to enhance business performance.
Audit Management:
  • Coordinate external audits, prepare schedules, and implement recommendations.
  • Handle Yearly external Audit and internal audit requirements.
Business Partnering: Collaborate with engineers and other departments to track and monitor capital expenditures, ensuring that all relevant costs are accurately captured and capitalized and within an approved budget.

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