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Finance Specialist
2 months ago
The International Potato Center, known by its Spanish acronym CIP, is a leading research-for-development institution dedicated to delivering sustainable solutions to pressing global challenges.
About the Role- 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.
- Disposal:
- Facilitate the disposal of obsolete or surplus assets in accordance with CIP policies and regulatory requirements.
- Monitor changes in asset useful lives and salvage values, adjusting depreciation schedules as necessary.
- Prepare and analyze depreciation forecasts and budget projections.
- Reporting and Analysis:
- Generate regular reports on fixed asset activities, including additions, disposals, and depreciation expenses.
- Provide insights and analysis on fixed asset 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.
- 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.
- 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 amortization.
- 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, prioritize tasks, and meet deadlines in a fast-paced environment.