Fixed Asset And Inventory Accountant

RESPONSIBILITIESManage Fixed Assets and Tools:Record and track the receipt, transfer, and disposal of fixed assets and tools.Review documents related to the import and transfer of fixed assets.Maintain accurate records of the quantity, condition, and value of fixed assets.Create and update asset cards and associated documentation.Depreciation and Asset Allocation:Accurately calculate and record asset depreciation in compliance with Ministry of Finance regulations.Classify and allocate tools based on their useful life and recommend one-time or multiple-time allocations.Reflect depreciation values and monitor the use of depreciation funds promptly.Asset Control and Inventory:Conduct regular and ad-hoc inventories of fixed assets.Verify the usage and condition of fixed assets across departments.Prepare disposal and liquidation records when applicable.Compare actual assets with records post-project completion and report discrepancies.Label assets with asset codes after verification.Cost Control and Reporting:Monitor new investments, repairs, and renovation costs related to assets and tools.Compare payment documents with project estimates and flag over-budget cases.Ensure Microsoft Dynamics 365 data align with physical records and financial documents.Prepare monthly reports on fixed asset status and cost tracking.Compliance and Communication:Ensure accurate classification of expenses by category and cost center.Collaborate with the Project Department for accurate budgeting and control.Handle unexpected audits if fraud or discrepancies are suspected.Perform additional tasks as assigned by Accounting Management.Inventory Process ControlOversee the inbound/outbound inventory process at the central warehouse and distribution centers, ensuring accuracy with physical stock.Reconcile other inventory transactions to detect and prevent irregularities.Report promptly on any unusual warehouse activities.Verify and assist with suspended transactions not integrated into the SAP system.Item Code & Promotion ManagementValidate and create new item codes and promotions:Ensure completeness of item information and check for duplicate codes.Verify Item Master Data for accuracy and coordinate with the requesting department if discrepancies arise.Review and assess promotion requests, providing feedback if proposals are incompatible with the system or impractical.Regular Inventory AuditsConduct monthly, quarterly, and annual stock audits:Reconcile actual stock levels with system data.Review explanations for variances and analyze loss values against defined limits.Participate in warehouse closures, major stock counts, and quarterly/year-end audits.Ensure system adjustments are accurately made after audit approvals.Ad-hoc Inventory AuditsInitiates spot-check audits if discrepancies or fraud are suspected.If irregularities cannot be explained, prepare reports for management and recommend corrective actions.Implement immediate risk mitigation measures once approved.Consignment Inventory ReconciliationReconcile consignment inventory with suppliers.Address any unexplained discrepancies through official documentation and submit to senior management.Warehouse Code ManagementCreate new warehouse codes as needed.Monitor warehouse status and close inactive warehouses once inventory is cleared.Inventory Aging ReportsPrepare weekly stock aging reports and identify slow-moving items:Flag inventory over 90 days for review and propose handling solutions.Monthly Reporting & System ControlEnsure all inventory-related documents are updated in D365.Reconcile inventory movements (NXT) across warehouses and D365.Establish provisions for inventory obsolescence.Monitor and resolve pending PR/PO/GRPO/Inventory transfers older than 30 days to maintain system integrity.Evaluate and report Cost of Goods Sold (COGS) for Service, Retail, and Wholesale business units.Import Documentation ManagementCollect, verify, and maintain complete import documentation after deliveries.Other DutiesComplete ad-hoc tasks assigned by the Chief Accountant (CA) or CFO