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Stanbic IBTC Holdings PLC is a full service financial services group with a clear focus on three main business pillars - Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Stanbic IBTC Bank legally became part of Standard Bank Group 24th August 2007. The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nig...
Job purpose
• Responsible for managing the fixed asset of the bank
Key responsibilities
• Strategic management of all the bank’s fixed asset to eliminate redundancy and underutilization
• Consolidates and manage the fixed asset register for the bank
• Monitor movement of fixed asset across the bank
• Ensures that such movement are duly approved before they are effected
• Ensure adherence for the management of fixed assets in line with the fixed asset policy of the bank
• Ensures asset numbers are allocated to all assets
• Ensure that all assets are recorded properly per asset class, in accordance with the bank’s fixed assets policy
• Ensure that each asset is properly depreciated in accordance with the bank’s fixed assets policy on a monthly basis
• Ensure all assets under Constriction (AUC-WIP) are strictly monitored such that over aged items are not left unattended.
• Reconcile monthly fixed asset register and prepare Monthly fixed asset schedule for financial reporting purposes
• Ensures that all assets identified as redundant, obsolete, etc. are disposed in line with the bank’s policy
• Other duties as assigned by the line manager
Key performance measures
• Elimination of any possible means of redundancy & underutilization of the bank’s fixed assets
• An updated fixed assets register to reflect all fixed assets of the bank
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