Handle overall management of fixed asset accounting, capitalization and information systems, this includes accounting for all property, debt, software license agreements, and specific general ledger monthly accounting.
Develop and maintain a procedures manual that clearly defines the duties and responsibilities of each cost center involved with fixed-asset control and accountability.
Work closely with procurement and inventory control in identifying and tagging all fixed assets to ensure the proper maintenance of the fixed asset register.
Plan and conduct fixed asset physical inventory count on a periodic basis.
Develop and maintain record keeping capturing donated items and disposed or transferred items for each department for accurate reporting.
Assist external auditors in their annual audit of fixed assets.
Inspect and identify obsolete or damaged equipment prior to its removal from the Al-Rajhi Investment Company’s premises.
Manage the full cost of the asset, including depreciation, write-offs and loss on disposal.
Determine depreciation methods and useful lives of the fixed assets, maintain depreciation schedules with updates as needed.
Generate reports needed for the annual audit in accordance with government accounting standards.
Assist in Al-Rajhi Investment Company’s annual budget preparation.
Assist in preparation and maintenance of capital budget.
Financial Modeling and Analysis Valuation, Audit Assignment, Auditors, Funds Management