Fixed Assets Controller

at Saudi Recruit
Published November 24, 2025
Expires January 25, 2026
Location Jeddah, Saudi Arabia
Category General  
Job Type Full Time  
Salary Unit Hour

Description

Key Responsibilities:

1. Fixed Asset Management & Recording

Maintain the fixed asset register with accurate capitalization, depreciation, transfers, and disposals.

Verify that all asset-related transactions comply with the company’s capitalization policy and applicable accounting standards (e.g., IFRS).

Ensure timely recording of new assets and proper categorization.

2. Asset Verification & Tracking

Conduct periodic physical verification and reconciliation of fixed assets.

Coordinate with departments to track asset movement, asset tagging, and inventory of equipment.

Investigate discrepancies and ensure corrective actions.

3. Depreciation & Reporting

Calculate monthly depreciation and reconcile with the general ledger.

Prepare fixed asset schedules and reports for month-end, quarter-end, and year-end closing.

Support audit requirements by providing clear and accurate documentation.

4. Compliance & Control

Implement and maintain internal controls related to fixed assets.

Ensure all asset activities follow company policies, tax requirements, and regulatory standards.

Assist in the review and improvement of asset management processes.

5. Capital Projects Management

Monitor capital expenditure (CAPEX) and ensure proper project accounting.

Review project documents to ensure assets are capitalized correctly upon completion.

Prepare reports on project costs, budgets, and variances.

6. Coordination & Support

Work closely with procurement, operations, and finance teams for asset-related matters.

Provide support during internal and external audits.

Assist management with ad-hoc reports and financial analysis related to fixed assets.

Qualifications & Skills:

Bachelor’s degree in Accounting, Finance, or related field.

Professional certification (CPA, ACCA, CMA) is an advantage.

3–5 years of experience in fixed asset accounting or similar finance role.

Strong understanding of IFRS and asset capitalization rules.

Proficient in ERP systems (SAP, Oracle, Dynamics, etc.) and MS Excel.

Excellent analytical, organizational, and communication skills.

High attention to detail and strong sense of?accountability.

Please send your resume/CV

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