Job Purpose
The Cost Control & Fixed Assets Accounting Section Head is responsible for overseeing cost control activities and fixed assets accounting to ensure accurate financial records, effective cost monitoring, and compliance with accounting policies. The role supports management by providing reliable financial information and improving cost efficiency.
Key Responsibilities
Cost Control
- Monitor and control costs against approved budgets.
- Review cost data and identify variances between planned and actual costs.
- Prepare regular cost reports and analysis for management review.
- Coordinate with relevant departments to ensure proper cost tracking and control.
- Support budget preparation and cost forecasting activities.
Fixed Assets Accounting
- Oversee the recording, depreciation, and disposal of fixed assets.
- Maintain accurate fixed assets records and ensure proper classification of costs.
- Reconcile fixed assets balances with accounting records.
- Ensure periodic physical verification of fixed assets and resolve differences.
Financial Reporting & Compliance
- Ensure compliance with applicable accounting standards and internal policies.
- Support monthly and yearly closing activities related to costs and fixed assets.
- Provide required information to auditors and respond to audit inquiries.
Leadership & Process Improvement
- Supervise and guide the cost control and fixed assets accounting team.
- Improve procedures and internal controls related to cost and asset accounting.
- Support system and process improvements to enhance efficiency and accuracy.
Requirements
Qualifications & Experience
- Bachelor's degree in accounting, Finance, or a related field.
- 812 years of relevant experience in cost control and/or fixed assets accounting.
- Previous experience in a supervisory or section head role is preferred.
Skills & Competencies
- Strong understanding of cost and fixed assets accounting.
- Good analytical and reporting skills.
- Proficiency in accounting systems and MS Excel.
- Strong attention to detail and organizational skills.
- Effective communication and leadership abilities.
