Assistant Manager/Associate Manager (Fixed Assets Management Unit)

Job Description

Title: Assistant Manager/Associate Manager (Fixed Assets Management Unit)

Company Name: A renowned Private Commercial Bank

Vacancy: Not specific

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Master of Business Administration (MBA) in Accounting, Master of Business Administration (MBA) in Finance
∎ Preferred Professional Certification: Chartered Accountant
∎ Skills Required: Effective Communication, Good leadership

Experience Requirements:
∎ At least 7 year(s)

Job Context:
∎ Working under the Head of Finance to support Group CFO.
∎ Designation: JAVP

Job Responsibilities:
∎ To have knowledge on International Accounting Standards/International Financial Reporting Standards to assess and recognize the transactions based on capitalization criteria.
∎ To have comprehensive knowledge on accounts payable management and payment process including all relevant controls and compliance.
∎ To assess whether expenses meet the capitalization criteria to be recognized as fixed assets in the books of accounts.
∎ To update fixed assets register on daily basis incorporating daily transactions.
∎ To reconcile the fixed assets register branch-wise and division-wise as well as to match the assets quantity mentioned therein with the physical assets.
∎ To reconcile the balance (costs) mentioned in the fixed assets register with the balance mentioned in the books of accounts (category-wise).
∎ To ensure completeness, existence, valuation, ownership, accuracy and disclosure of fixed assets in the books of accounts as well as fixed assets register.
∎ To ensure existence, valuation, ownership of fixed assets physically within the bank in association with the Infrastructure Division
∎ To calculate monthly depreciation of fixed assets and to charge it in the books of accounts centrally from Group Finance.
∎ To update the fixed assets schedule on monthly basis wherein Cost, Depreciation and written down value of fixed assets will be mentioned.
∎ To conduct the physical verification of assets by a third party auditor once in every three years.
∎ To collect work orders and assess the percentage of completion of the projects. Accordingly, bills received from the other divisions will be assessed in case of running bills. Capital work in-progress will be assessed & updated on monthly basis and accordingly, account balance of fixed assets as well as assets register will be reconciled and updated.
∎ For disposal of fixed assets, banks policy and related due diligence need to be reviewed and accordingly, compliance of all related controls should be ensured.
∎ In case of new large expansion project, project viability and financial model will be prepared in accordance with the Net Present Value (NPV), Internal Rate of Return (IRR) and Pay Back Period (PBP).
∎ To have comprehensive knowledge on IFRS 16 to prepare all necessary calculation related to Right-of-use assets (ROA) and to post necessary entries in the books of accounts in this regard.

Additional Requirements:
∎ Age at least 18 years
∎ Minimum 7 years work experience (including CA Training Period of 3 years) in Accounts Payable management under Finance Division of a Bank.
∎ Adequate knowledge on Tax laws as well as Internal Control System including payment process, financial management of a Bank is must.

Salary: Negotiable

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 12 Nov 2022

Company Information:
∎ 31 Oct 2022
∎ A renowned Private Commercial Bank
∎ Business : Private Commercial Bank

Category: Bank/Non-Bank Fin. Institution

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