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 in order 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
and reconciliations.
• Ensure proper documentation and approval for asset acquisitions and disposals.
• New asset acquisitions – ensuring that documentation is accurately prepared for the purpose of
recording such acquisitions on the fixed asset register.
• Staff terminations – ensuring that Bank assets are returned and recorded on the fixed asset register.
• Replacement assets – ensuring that old assets are returned by staff and recorded on the fixed asset register.
• Location renovations – ensuring that old assets are removed from the register.
• Disposal of assets – ensuring that old/damaged/written-off items are removed from the bank’s
premises.
• Transfer of assets between locations or staff – ensuring that such transfer is recorded on the
register.
• Conduct cyclical counts – to ensure the fixed asset register is maintained accurately throughout
the year.
Financial Reporting:
• Prepare and review asset-related financial reports, including depreciation schedules and asset
valuations.
• 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 queries.
Process Improvement:
• Identify and recommend improvements to processes related to asset management and reporting.
• 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 and
management.
• 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
• Microsoft Office products with specific reference to Advanced Excel
KNOWLEDGE
• Basic Financial literacy
• Systems and technology
• Banking operations
• People management
Al Baraka Bank is an Equal Opportunity Employer. Applicants from the previously disadvantaged
groups and people with disabilities will be given preference.