Fixed assets, leases and inventory officer

2 weeks ago

Manama, Manama, Bahrain Zain Bahrain Full time
ZAIN1269 - Fixed Assets, Leases and Inventory Officer Operation Division Finance Location Closing Date16-Oct-2024 About Zain Zain is the pioneer of mobile telecommunications in the Middle East. We began life in 1983 in Kuwait as the region's first mobile operator, and since the initiation of our expansion strategy in 2003, we have expanded rapidly. Today, we are a leading mobile voice and data services operator with a commercial footprint in 7 Middle Eastern and Africa countries with a workforce of over 7,900 providing a comprehensive range of mobile voice and data services to over 42.4 million active individual and business customers as of March 31, 2024. About the Role The Fixed Assets, Inventory, and Leases Officer is responsible for overseeing the management of the company's fixed assets, inventory, and leases. This role includes ensuring accurate tracking, accounting, and reporting of all fixed assets, maintaining inventory levels, and managing lease agreements. The officer will work closely with various departments to ensure compliance with company policies and accounting standards. Main Responsibilities and Duties Fixed Assets Management: Maintain the fixed assets register and ensure all acquisitions, disposals, and transfers are accurately recorded. Ensure proper depreciation of fixed assets in line with company policies and accounting standards. Assist in the preparation of capital expenditure budgets and forecasts. Coordinate with the operations teams for the timely capitalization of fixed assets. Inventory Management: Conduct regular inventory audits and reconciliations to ensure accuracy and completeness. Work closely with the procurement, production, and sales teams to forecast inventory needs and prevent overstocking or stockouts. Implement and monitor internal controls over inventory management and provisions. Analyze inventory data to identify trends, discrepancies, and areas for improvement. Leases Management: Manage the company's lease portfolio, ensuring all lease agreements are accurately recorded and maintained. Monitor lease payment schedules, ensuring timely payments and compliance with lease terms. Ensure compliance with accounting standards related to lease accounting (e.g., IFRS 16). Prepare and present lease-related reports and analysis. Reporting and Compliance: Prepare and submit regular reports on fixed assets, inventory, and leases. Ensure compliance with all relevant accounting standards, company policies, and legal requirements. Assist in internal and external audits related to fixed assets, inventory, and leases. Identify and implement process improvements to enhance the efficiency and effectiveness of fixed assets, inventory, and lease management. Collaboration and Support: Provide support to the finance and accounting teams in relation to fixed assets, inventory, and leases. Collaborate with other departments to ensure alignment and accuracy in asset and inventory management. Train and guide relevant staff on processes related to fixed assets, inventory, and leases. Job Specific Competencies Business knowledge Financial knowledge Completeness and Accuracy Qualifications and Experience Bachelor's degree in accounting or finance. Minimum 3+ years of relevant experience in finance/accounting. About Application Process If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):
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