Finance Specialist

Finance & Economy

Overview

Manage CIP's fixed assets ensuring accuracy and compliance with regulations.

You have:

• Bachelor's degree in Accounting, Finance, or a related field.
• CPA or CFA designation preferred.
• Proven experience (5+ years) in fixed asset accounting.
• Proficiency in accounting software (e.g., SAP, U4) and Microsoft Excel.
• Strong understanding of accounting principles and standards.
• Excellent analytical skills with the ability to interpret financial data.
• Detail-oriented mindset with a focus on accuracy in reporting.
• Effective communication and interpersonal skills.
• Ability to work independently, prioritise tasks in a fast-paced environment.

The International Potato Center (CIP) is looking for a Finance Specialist with excellent organizational skills, who will be managing CIP's fixed assets, ensuring their accuracy and compliance with regulatory requirements. This role involves close collaboration with various departments to manage asset disposal, depreciation, and overall asset management practices, thereby optimising asset utilization and supporting strategic decision-making.

About the role

1. Fixed Asset Management:

• Supervise the maintenance of accurate records for all fixed assets, including registration, depreciation, and disposal.
• Conduct surprise physical inventories to verify the existence and condition of fixed assets in different country offices.
• Reconcile Country Fixed Asset Register with CIP Master File and train staff on using the fixed assets module in CIP ERP.
• Ensure compliance with accounting standards, tax regulations, and CIP policies related to fixed assets.

• Develop standard procedures for the correct management of fixed assets across various CIP offices.

  2. Disposal:

• Facilitate the disposal of obsolete or surplus assets in accordance with CIP policies and regulatory requirements.

• Depreciation and Amortization.
• Monitor changes in asset useful lives and salvage values, adjusting depreciation schedules as necessary.

• Prepare and analyse depreciation forecasts and budget projections.

  3. Reporting and Analysis:

• Generate regular reports on fixed asset activities, including additions, disposals, and depreciation expenses.

• Provide insights and analysis on fixed assets performance, utilization, and return on investment.

• Collaborate with financial analysts and management to support decision-making processes related to capital investments and asset management strategies.

  4. Compliance and Audit Support:

• Assist internal and external auditors in conducting fixed asset audits and compliance reviews.

• Ensure adherence to IFRS (International Financial Reporting Standards) regarding fixed asset accounting and reporting.
• Implement and maintain internal controls to safeguard fixed assets and prevent fraud or misappropriation.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• CPA or CFA designation preferred.
• Proven experience (5+ years) in fixed asset accounting, preferably in a corporate or large organizational setting.
• Proficiency in accounting software (e.g., SAP, U4) and Microsoft Excel for data analysis and reporting.
• Strong understanding of accounting principles and standards governing fixed assets, depreciation, and amortisation.
• Excellent analytical skills with the ability to interpret financial data and identify trends or discrepancies.
• Detail-oriented mindset with a focus on accuracy and precision in recordkeeping and reporting.
• Effective communication and interpersonal skills for collaborating with cross-functional teams and stakeholders.
• Ability to work independently, prioritise tasks, and meet deadlines in a fast-paced environment.

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Potential interview questions

Added 1 year ago - Updated 1 year ago - Source: cgiar.org