Fixed Assets Officer at Stanbic IBTC

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