Cost Control & Fixed Assets Accounting

Job Purpose

Responsible for
supporting project cost control and fixed assets accounting activities by
accurately recording, monitoring, analyzing, and reconciling project costs and
fixed asset transactions. The role ensures reliable financial information,
accurate asset records, timely cost reporting, and proper accounting treatment
in accordance with applicable accounting standards, internal policies, and
approved budgets, while supporting month-end closing, audits, and management
reporting.

DUTIES & RESPONSIBILITIES

- Monitoring and analyzing
project costs against approved budgets, identifying variances between actual
and planned costs, and preparing detailed cost analysis to support effective
financial control.
- Recording, reviewing,
and allocating project-related costs to the appropriate projects, cost centers,
accounts, and cost categories, ensuring accuracy and proper accounting
classification.
- Preparing periodic
project cost reports, variance analyses, and supporting schedules, highlighting
significant deviations and providing relevant financial information to the
Section Head and management.
- Supporting project
budgeting and cost forecasting activities by providing historical cost
information, actual expenditure data, commitments, and other required financial
analyses.
- Maintaining the fixed
assets register by accurately recording asset additions, transfers,
capitalization, depreciation, disposals, and other fixed asset movements in
accordance with approved accounting policies.
- Reviewing project
expenditures for capitalization and supporting the proper classification of
costs between capital expenditure and operating expenditure, including the
transfer of completed eligible project costs to fixed assets where applicable.
- Performing regular
reconciliations between project cost records, fixed assets registers,
supporting schedules, and general ledger balances, investigating and resolving
discrepancies in coordination with relevant parties.
- Supporting periodic
physical verification of fixed assets, reconciling physical counts with
accounting records, documenting differences, and following up on required
adjustments.
- Supporting monthly and
year-end closing activities related to project costs and fixed assets,
including depreciation calculations, reconciliations, accrual-related
supporting information, and preparation of closing schedules.
- Supporting internal and external audit
requirements by preparing requested documentation, schedules, reconciliations,
and supporting evidence while ensuring compliance with accounting standards,
internal policies, procedures, and controls.

### Requirements
Education: Bachelor’s degree in
Accounting, Finance, Commerce, or a related field.
Experience: 1-3 years of relevant
accounting experience, preferably within real estate development, construction,
or a related industry.
Training &
Certification: Training in Fixed
Assets Accounting and Cost Control is preferred.
Skills: Communication skills,
Analytical skills.
Abilities &
Attitude: Ability
to solve problems, The ability to organize time, The ability to multitask - Fluent
in English