Job Description

This position is responsible for managing and overseeing the Company’s fixed assets, ensuring accurate accounting, reporting and compliance with internal policies and relevant IFRS accounting guidelines. This role includes maintaining the fixed asset subledger, conducting asset reconciliations, processing asset additions/disposals/transfers, etc., supporting audits, and financial planning and analysis.

• Maintain comprehensive records of all fixed assets, including acquisitions, disposals, transfers, and depreciation in accordance with Company policies and IFRS accounting guidelines. Ensure that the fixed assets register is up-to-date and accurate
• Calculate depreciation for all fixed assets in accordance with Company policies and accounting standards. Prepare and post monthly depreciation entries to the general ledger
• Perform regular reconciliations of fixed asset accounts to ensure accuracy and completeness. Resolve any discrepancies and investigate variances. Prepare financial analysis for leadership including explanation of variances to forecast, plan, and prior periods and other ad-hoc analysis as requested. Assist with coordination and preparation of the annual plan and monthly forecast.
• Prepare detailed reports on fixed assets for management, auditors, and regulatory bodies. Proactively identify and communicate financial issues on a timely basis.
• Ensure compliance with relevant accounting standards, tax regulations, and Company policies related to fixed assets. Support audits and provide necessary documentation
• Prepare ad-hoc reports and potential assignment to special studies/teams to assist management in evaluating key opportunities for the company.
• Identify and recommend process improvements for fixed asset management. Implement best practices and leverage technology to enhance efficiency.
• Conduct periodic physical audits of fixed assets to verify their existence, condition, and location. Update records based on audit findings

EDUCATION:

• Bachelors Degree in Business, Accounting or Finance.

EXPERIENCE:

• Minimum of 5-7 years of related experience.
• Knowledge: Proficiency in accounting principles, asset management, and financial reporting. Strong knowledge of depreciation methods and IFRS fixed asset accounting standards.
• Skills: Proficiency in Microsoft Office and Oracle. Must possess strong communication, organization, problem solving and analytical skills, demonstrate all Wells competencies.
• Abilities: Attention to detail and accuracy, ability to multi-task and effectively manage priorities. Handle multiple activities simultaneously to ensure accurate flow of critical information with all levels within the organization and across function. Effective communication at all levels within the organization, alert management of situation that may adversely affect the company’s overall financial condition.

SUPERVISORY SCOPE:

*Reports to: Finance Manager – Capital and Fixed Assets

Wells Enterprises is an EEO/AA employer M/F/Vet/Dis