About the Role
The Senior Finance Specialist (Inventory & Fixed Assets) is responsible for accurate accounting, control, and reporting of inventory and fixed assets in line with IFRS and company policies. The role manages inventory across Retail, F&B, and Spare Parts, and oversees the fixed asset lifecycle, including capitalization, depreciation, disposals, and reporting. It supports financial integrity, audit readiness, and effective asset management across projects and operating entities.
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Key Accountability Areas
Fixed Assets Lifecycle Management
- Manage the full fixed asset lifecycle (creation, capitalization, transfers, depreciation, impairments, disposals) in line with accounting standards.
- Monitor AUC/CWIP and ensure timely and accurate capitalization upon project completion.
- Maintain and reconcile the Fixed Asset Register with the General Ledger and Trial Balance.
- Ensure accurate asset classification, tagging, and useful life assignment.
- Review CAPEX transactions and validate CAPEX vs OPEX classification.
Inventory Management
- Monitor and validate inventory movements across ERP and warehouse systems.
- Perform stock counts, cycle counts, and reconciliations, including variance analysis.
- Support inventory valuation, including provisions, obsolescence, and write-offs (IAS 2).
- Ensure accurate recording of inventory balances and consumption flows.
Accounting, Reporting & Reconciliation
- Prepare and post depreciation, inventory, and related journal entries.
- Support month-end, quarter-end, and year-end closing activities.
- Perform sub-ledger to GL reconciliations (inventory and fixed assets).
- Prepare reports and schedules for management reporting and finance leadership.
Controls, Compliance & Audit
- Ensure compliance with IFRS, internal policies, capitalization thresholds, and DoA.
- Support internal and external audits through documentation, reconciliations, and explanations.
- Participate in physical asset verification and inventory counts; resolve discrepancies.
Stakeholder Coordination & Process Improvement
- Coordinate with Procurement, Projects, Operations, and Finance on asset and inventory transactions.
- Review PRs, POs, and invoices to ensure correct accounting treatment.
- Identify and drive process improvements and system enhancements.
- Support data accuracy and utilization across ERP/sub-systems.
Functional Accountabilities
Systems & Tools
- ERP systems (e.g., SAP – FI/MM)
- Inventory / warehouse management systems
- Fixed asset sub-ledgers and project systems
- Reporting tools (Excel, BI)
Knowledge
Minimum Qualifications:
- Bachelor’s degree in accounting, Finance, or a related field.
Professional Certifications:
- Professional certificate in Finance or Accounting certification (i.e. CPA, SOCPA, CFA, CFP) is preferred but not mandatory.
Required Experience
- 2 - 3 years of experience in Fixed Assets or Financial Accounting.
- Strong knowledge of IFRS, particularly IAS 16, IAS 36, and IAS 38.
- Working knowledge of IFRS inventory accounting (IAS 2) and internal controls.
- Experience working in ERP-driven environments (ERP systems e.g., SAP – FI).
