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Fixed Assets and Lease Management Specialist

3 weeks ago

Manama, Manama, Bahrain beBee Careers Full time
Job Description:

The Fixed Assets, Inventory, and Leases Officer is responsible for overseeing the management of fixed assets, inventory, and lease agreements. This role involves ensuring accurate tracking, accounting, and reporting of all fixed assets, maintaining inventory levels, and managing lease agreements.

Main Responsibilities:

  1. Maintain the fixed assets register and ensure all acquisitions, disposals, and transfers are accurately recorded.
  2. Ensure proper depreciation of fixed assets in line with company policies and accounting standards.
  3. Assist in the preparation of capital expenditure budgets and forecasts.
  4. C coordinate with operations teams for timely capitalization of fixed assets.

Inventory Management:

  1. Conduct regular inventory audits and reconciliations to ensure accuracy and completeness.
  2. Work closely with procurement, production, and sales teams to forecast inventory needs and prevent overstocking or stockouts.
  3. Implement and monitor internal controls over inventory management and provisions.
  4. 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.
  • 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 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.