The Fixed Asset and General Ledger Accountant will be responsible for safeguarding the integrity of the organization’s balance sheet by ensuring the accuracy of the Fixed Asset Register and General Ledger. The role oversees month-end close processes, reconciliations, statutory compliance, and internal controls while supporting financial reporting, audits, and budgeting processes.
Key Responsibilities
Fixed Asset Management: Maintain and update the Fixed Asset Register, including acquisitions, transfers, disposals, capitalization of completed projects, and depreciation.
Verification: Coordinate asset tagging and annual physical verification across all locations; investigate and resolve variances.
Journals & Reporting: Process monthly depreciation, write-offs, and impairment journals in compliance with international financial reporting standards and policy.
Insurance: Maintain insured asset registers and support insurance renewals and claims.
General Ledger Maintenance: Post supplier invoices and expense claims with accurate General Ledger coding aligned to approved budgets. Prepare and post month-end and year-end adjusting journal entries including accruals, prepayments, and allocations.
Reconciliations: Perform detailed monthly reconciliations of balance sheet accounts and resolve discrepancies promptly; reconcile control accounts to subsidiary ledgers.
Intercompany Transactions: Ensure that all intercompany and interunit transactions are properly recorded and balanced.
Budgeting & Audit: Prepare fixed asset schedules and balance sheet reports for management accounts and year-end statements. Support budgeting with accurate depreciation forecasts and assist with audit schedules.
Compliance: Ensure compliance with international financial reporting standards (IFRS), internal policies, and Kenyan tax regulations (VAT, Withholding Tax).
Process Improvement: Strengthen internal controls across the fixed asset lifecycle and general ledger processes, and implement improvements to enhance efficiency.
Qualifications and Experience
Bachelor’s degree in Finance, Accounting, or a related field.
CPA (K) or ACCA certification.
Minimum 5 years’ progressive accounting experience, with at least 2 years specializing in fixed asset accounting and general ledger management.
Strong experience in month-end close processes, account reconciliations, and tax compliance in Kenya.
In-depth knowledge of international financial reporting standards and fixed asset accounting standards.
Working knowledge of Kenyan tax laws (VAT, Withholding Tax).
Proficiency in major accounting systems (e.g., Microsoft Dynamics, SAP, Oracle) and advanced Excel skills.
High attention to detail, strong analytical capability, and sound understanding of internal controls.
Ability to manage deadlines during peak reporting periods and collaborate effectively across departments.
How to Apply
Interested and qualified candidates should apply online through the Aga Khan Education Service recruitment portal on brassring. Visit the following link to submit your application: Apply Here
How to Apply
Interested and qualified candidates should apply online through the recruitment portal. Go to https://www.myjobmag.co.ke/apply-now/1153334 to proceed to the application page on krb-xjobs.brassring.com.
