Job Title: Fixed Assets Accountant
Organisation: True North Consult
Duty Station: Mbarara, Uganda
About Organisation:
True North Consult Ltd is a boutique HR Consultancy Firm that offers bespoke HR solutions to selected clients in various sectors and industries across East Africa, with operational offices in Kampala, Nairobi and Kigali.
Job Summary: We are sourcing for suitably qualified professionals to assign to our Client to fill the job of Fixed Assets Accountant.
The Fixed Assets Accountant is responsible for managing the company’s Fixed Asset Register (FAR), ensuring proper capitalization, depreciation, valuation, and disposal in compliance with IFRS, tax regulations and internal policies. The role works closely with Engineering, Operations and project teams to ensure all capital expenditure (CapEx) projects are tracked from inception to completion
Key Duties and Responsibilities:
Asset recording and Valuation
- Maintain an accurate Fixed Assets Register in Oracle for all company assets.
- Review and monitor work-in-progress (WIP), ensuring timely capitalization upon project completion.
- Record additions, disposals, transfers, revaluations, and impairments promptly for tracking and insurance purposes.
- Ensure capitalization of costs in line with IFRS and Group policies.
- Post monthly depreciation across all asset categories ensuring completeness and accuracy.
- Monitor for impairment indicators arising from operational, environmental, or market changes.
- Verify that capital expenditure is authorized, recorded, and capitalized appropriately.
Asset verification and control
- Lead the rollout of the company’s first comprehensive asset verification and tagging project.
- Reconcile physical asset data with the FAR, investigate discrepancies, and update records for completeness and accuracy.
- Establish ongoing verification and tagging procedures to maintain FAR integrity.
- Coordinate periodic physical verification across offices, depots, retail stations and commercial sites.
Reporting & Compliance
- Prepare fixed asset schedules and disclosures for monthly, quarterly, and annual reporting.
People Synergies
- Ensure compliance with IFRS, local tax legislation and Group asset management policies.
- Support internal and external audits by providing complete and accurate asset documentation.
- Liaise with insurers to ensure adequate coverage for all operational and infrastructure assets.
Budget Monitoring
- Participate in CapEx budgeting and forecasting including accurate depreciation budgeting.
- Track CapEx against approved budgets and highlight variances.
- Work closely with the Engineering, Operations and project teams monitor spend, investigate discrepancies, and report status.
- Provide periodic budget utilization reports to management, highlighting risks and recommending corrective actions.
Process & System Improvement
- Collaborate with cross-functional teams to improve asset tracking from acquisition to disposal.
- Suggest and implement enhancements in Oracle’s asset module, including automation of assets movement requests and approvals.
Qualifications, Skills and Experience:
- Bachelor’s degree in finance, Accounting or related fields.
- CPA, ACCA, or equivalent professional qualification preferred.
- Proven accounting experience fixed asset experience an advantage.
- Strong knowledge of accounting principles, IFRS, and relevant tax laws.
- ERP proficiency: Oracle experience preferred.
- Strong analytical skills, attention to detail, and integrity.
- Ability to work collaboratively in a fast-paced environment.
Core competencies
- Strong cross-department collaboration.
- Problem-solving and investigative skills.
- Proactive approach to asset management and process improvement.
- High integrity and confidentiality.
How to Apply:
To apply, please send your resume and cover letter to [email protected] with subject line Fixed Assets Accountant before 18th September 2025.
All applications shall be acknowledged as received but only shortlisted candidates will be contacted.
All applicants should share their CV’s and Cover Letters in PDF or MS Word STRICTLY
Deadline: 18th September 2025
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Level of Education: Bachelor Degree
Work Hours: 8
Experience in Months: no experience required