Fixed Assets Accountant

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Job Purpose

To record Inventory / fixed asset capitalization, depreciation, write off and maintenance of sub ledger reconciled accounting records in order to administer Inventory / Fixed Asset in compliance with the UAE statutory requirements, IFRS, management requirements and with appropriate internal controls.

Job Title

Fixed Assets Accountant

Posting Date

13 Oct 2025

Key Activities, Responsibility & Accountability

• Follow all relevant Security policies, processes, procedures, and instructions to ensure security compliance in all aspects of work.
• Follow all relevant Business Continuity and Resilience requirements for compliance with policies, procedures and instructions related to effective planning for and response to incidents and business disruptions.

People Management

• Contribute to the development of UAE National employees in a manner that supports the objectives of the corporation and its Emiratization strategy.
• Contribute to knowledge dissemination/sharing to build internal capabilities of UAE Nationals where applicable and maximize their effective performance.

Excellence and Quality Management

• Ensure commitment to a culture of continuous improvement by eliminating waste, following operations procedures, practicing innovation, problem solving, and teamwork; complying with Quality Management System policies and procedures.
• Ensure commitment to the Nawah Fundamentals.

Fixed Asset Management

• Utilize Oracle ERP and other business systems to administer timely and accurate fixed assets (FA) transactions in compliance with the ENEC capitalization manual.
• Coordinate with Senior General Ledger (GL) Accountant and Projects Accountant to set up consistent Asset location code, major/minor category codes and default useful life, mapping the categories to default GL accounts.
• Reconcile general and administrative fixed asset and inventory, including reconciling fixed asset/inventory sub ledger and reviewing fixed asset register with business function owner.
• Maintain and reconcile Fixed Asset register for external audit requirements, including disclosures and annual additions/deletions records.
• Review and analyze the fixed asset physical inventory count in accordance with Finance and Accounting Guidelines.

Inventory Management

• Maintain and update ENEC inventory booking, Goods Receipt Note, Goods Delivery Note, inventory issuing, spoilage and safe keeping records in coordination with warehouse staff.
• Work closely with warehouse staff to fully assimilate all ENEC requirements for smooth business operations and update the inventory module on a regular basis.
• Reconcile ERP inventory sub module and other warehouse systems on a regular basis and prepare monthly, quarterly and annual disclosure information for management and financial reporting.
• Review the inventory transactions in Oracle in compliance with IFRS and other statutory requirements, including periodic physical stock take of inventories and supporting auditors.
• Support overall development, maintenance and monitoring of ENEC inventory system to achieve efficient stock utilization.
• Assist in the strategic planning and the quality of all reporting in conformance with regulations, legislation, policies and procedures.
• Process monthly/yearly adjustments.

Stakeholder Engagement

• Facilitate communication both internally and externally to build and nurture mutually beneficial working relationships.

Health, Safety and Environment, Security and Business Continuity

• All individuals take personal responsibility for safety; follow company HSE policies, procedures and instructions; avoid complacency and continuously challenge existing conditions and activities in order to identify discrepancies that might result in error or inappropriate action.

Qualifications

• Bachelor's Degree
• 3 years of relevant experience.
• Experience in energy or construction projects is highly desirable.
• Governmental experience.