CORE PURPOSE OF THE JOB To provide for the preparation of Credit proposals required by the Executive Credit Committee, encompassing the analysis of clients' financial position to determine whether or not Finance can be extended for assets and/or trade.
MAIN FUNCTIONS OF THE JOB INCLUDE: Asset Management: Maintain and update the fixed asset register, ensuring all acquisitions, disposals, and adjustments are accurately recorded. Monitor and verify the physical existence and condition of assets through periodic asset audits. Ensure proper documentation and approval for asset acquisitions. Prepare documentation accurately for recording new asset acquisitions on the fixed asset register. Ensure that Bank assets are returned and recorded on the fixed asset register during staff terminations. Ensure that old assets are returned by staff and recorded on the fixed asset register for replacement assets. Remove old assets from the fixed asset register during location renovations. Ensure that old/damaged/written-off items are removed from the bank's premises. Record the transfer of assets between locations or staff. Conduct cyclical counts to maintain an accurate fixed asset register. Financial Reporting: Prepare and review asset-related financial reports, including depreciation schedules. Assist in the preparation of financial statements and reports related to fixed assets for internal and external stakeholders. Compliance and Controls: Ensure compliance with relevant accounting standards, tax regulations, and internal policies related to fixed assets. Develop and implement internal controls and procedures to safeguard fixed assets. Support external audits by providing necessary documentation and responding to audit inquiries. Process Improvement: Identify and recommend improvements to processes related to asset management. Collaborate with other departments to streamline asset-related processes and enhance efficiency. Collaboration and Support: Work closely with the procurement and operations teams to ensure accurate asset tracking. Provide support and guidance to team members on fixed asset management issues and best practices. QUALIFICATIONS Bachelor's degree in finance, Accounting, Economics, or a related field. PREFERRED EXPERIENCE Proficiency in Microsoft Office products with specific reference to Advanced Excel. KNOWLEDGE Basic Financial literacy. Systems and technology. Banking operations. People management. A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.
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