Asset Clearing Associate

About the Role

Process asset acquisitions, transfers, disposals, write-offs, and retirements in accordance with company policies and accounting standards.

Responsibilities

• Conduct periodic physical inventory and verification of fixed assets and reconcile findings with accounting records.
• Monitor asset clearing accounts and ensure timely capitalization of completed projects, purchases, and asset-related expenditures.
• Review supporting documents related to asset purchases, construction-in-progress (CIP), and capital expenditures for accuracy and completeness.
• Coordinate with Procurement, Engineering, IT, Operations, and other departments regarding asset movements and status updates.
• Prepare asset reconciliation reports and investigate discrepancies between physical inventory and recorded balances.
• Monitor depreciation schedules and ensure accurate recording of depreciation expe...