Job closed
Ref: HP852-48
Job description / Role
BAC’s Finance department requires a candidate to record company’s fixed assets transactions such as acquisitions of fixed assets (for both tangible & intangible assets), movements of fixed assets and dispositions. Additionally, to perform some other related activities that are aimed at controlling and safeguarding company's fixed assets.
The Main duties will include:
- Identify and classify all new assets before they are accepted for allocation to the asset clearing accounts.
- Inspect each asset physically before it gets considered for capitalization, whenever required.
- Record fixed assets acquisitions and dispositions in the company’s accounting system.
- Assign tag numbers to fixed assets and arrange for affixing them, wherever applicable.
- Participate in the periodical fixed assets inventorization task.
- Record fixed asset adjustments and transfers.
- Monitor capital expenditures throughout the year.
- Reconciliation of actual capital expenditures against budgeted expenditures and produce relevant analysis reports.
- Participate in the annual budget task through providing the projected depreciation for the existent and planned fixed assets.
- Track the costs of CIP projects into the fixed asset records, and close out those records once the related projects gets completed.
- Reconcile fixed assets ending balances to the General Ledger balances.
- Participate in the monthly closing process for the fixed asset module inclusive of providing the respective required reports.
Requirements
- Candidate must hold a BSc. in Finance and/or Accounting.
- Candidate must have minimum 3 years’ related experience.
- Candidate must have good presentation and communication skills
- Candidate must have hands-on experience in the Oracle Assets module.
About the Company
Wholly owned by Bahrain Mumtalakat Holding Company, Bahrain Airport Company (BAC) was established in 2008, to manage and operate the Bahrain International Airport and acquired this responsibility in March 2010
BACs core objectives are to elevate the role of Bahrain International Airport (BIA) as a contributor to the economy and further enhance the airport's status, infrastructure and facilities for the benefit of all stakeholders and users of the airport. BAC also optimizes the Airports revenue streams by diversifying the business through both aeronautical and non-aeronautical activities.
BAC operates as a commercial entity with transparency and commitment to build on the airport's status as a major international airport in the region through world-class infrastructure, facilities and services.