Finance Assistant Manager (capex)

United Arab Emirates, United Arab Emirates

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Supporting in Month end Activity

Review and update the detailed schedule of fixed assets and accumulated depreciation and make sure FA schedules are reconciled with GL.
Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
Provide a monthly update on all capital expenditures (Capex) for the MX and MD groups, ensuring alignment with the approved budget. Prepare and send invoices to Miral on a quarterly basis.
Preparation of ad hoc internal management reports as required.
Assist in preparing various department monthly trackers on consolidated level for MX group.

Preparing and Maintaining Trackers

Preparing day-to-day activities for Fixed Assets and maintaining Assets Capitalization & Assets Retirement.
Updating reallocations of the Capex budget.
Maintain records for PR & PO for each Capex Budget and update them in capex tracker.
Conduct periodic physical counts of fixed assets.
Investigate the potential obsolescence of fixed assets.
Conduct financial analysis to support decision-making processes.
Team member for Fixed Assets Tagging Projects to ensure completion of the project in line with the guidelines and timelines.
Prepare and provide financial data and reports required for management review, audits, tax filings, and other regulatory reporting.

Audit and Compliance

Support the external and internal audit process by providing necessary documentation, explanations, and reconciliations.
Ensure compliance with internal financial policies, procedures, and controls, as well as all applicable regulatory requirements.

Process Improvement and Automation

Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
Identify opportunities to improve fixed assets processes, enhance reporting accuracy, and implement automated solutions to streamline the general ledger function.
Collaborate with IT and finance teams to ensure the integrity and functionality of the accounting systems.
Implement best practices and standard operating procedures.
Collaborate with other departments to streamline financial workflows.

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