Fixed Assets Accountant-Banking

Fixed Assets Accountant – Banking

Join Tawantech, a leading financial and technology solutions provider, as a **Fixed Assets Accountant – Banking** in our dynamic team based in Riyadh. This pivotal role focuses on managing, tracking, and optimizing the company’s fixed assets within the banking sector, ensuring compliance, accuracy, and strategic financial alignment. If you are a detail-oriented professional with a passion for financial integrity and operational excellence, we invite you to contribute your expertise to our mission of driving innovation in financial services.

In this challenging yet rewarding position, you will play a critical role in safeguarding the company’s financial health by overseeing the lifecycle of fixed assets—from acquisition and depreciation to disposal. Your responsibilities will span across accounting, reporting, and process improvement, ensuring that all fixed assets are accurately recorded, monitored, and aligned with regulatory standards. This role is ideal for someone who thrives in a fast-paced environment where precision, analytical thinking, and proactive problem-solving are key.

Key Responsibilities:

• Fixed Asset Management: Maintain comprehensive records of all fixed assets, including acquisition, depreciation, revaluation, and disposal, in compliance with IFRS and local regulatory requirements.
• Accounting and Reconciliation: Ensure accurate and timely recording of fixed asset transactions, including capitalization, amortization, and impairment assessments, while reconciling discrepancies to maintain financial accuracy.
• Financial Reporting: Prepare and analyze fixed asset-related reports for internal and external stakeholders, including management, auditors, and regulatory bodies, to support informed decision-making.
• Compliance and Risk Mitigation: Stay updated on evolving accounting standards and banking regulations, implementing controls to mitigate risks associated with asset misclassification or non-compliance.
• Process Optimization: Identify opportunities to streamline fixed asset processes, leveraging technology and best practices to enhance efficiency and reduce operational costs.
• Collaboration and Stakeholder Engagement: Work closely with finance teams, department heads, and external auditors to ensure alignment between fixed asset policies and broader financial strategies.
• Inventory and Physical Verification: Conduct periodic physical inventories and reconciliations to validate asset records and address any discrepancies promptly.

Qualifications and Skills:

• A Bachelor’s degree in Accounting, Finance, Business Administration, or a related field; a professional certification (e.g., CPA, ACCA, or CIA) is a significant advantage.
• Proven experience (3+ years) in fixed asset accounting, preferably within the banking or financial services sector.
• In-depth knowledge of IFRS and local accounting standards, with a strong understanding of fixed asset depreciation, impairment, and capitalization rules.
• Proficient in accounting software (e.g., SAP, Oracle, or similar) and Microsoft Excel, with advanced skills in data analysis and financial modeling.
• Exceptional analytical and problem-solving abilities, with a meticulous approach to detail and accuracy.
• Strong communication and interpersonal skills to collaborate effectively with cross-functional teams and stakeholders.
• Familiarity with banking regulations, risk management frameworks, and internal control procedures is highly desirable.

Why Join Tawantech:

At Tawantech, we foster a culture of innovation, professional growth, and collaborative excellence. As a Fixed Assets Accountant – Banking, you will have the opportunity to:

• Contribute to the financial stability and strategic direction of a forward-thinking organization in the banking sector.
• Work with cutting-edge financial tools and technologies to enhance asset management processes.
• Develop your career through mentorship, training, and exposure to high-impact projects.
• Be part of a diverse and dynamic team that values integrity, accountability, and continuous learning.
• Experience the satisfaction of ensuring financial accuracy and compliance in a high-stakes industry.

If you are eager to make a meaningful impact in financial accounting within the banking sector and are ready to take your career to the next level, we encourage you to apply. Join us at Tawantech and be a part of shaping the future of financial excellence in Saudi Arabia.