Fixed Asset Manager Job at Food Concepts Plc

Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.

Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).

We are recruiting to fill the position below:

Job Position: Fixed Asset Manager

Job Requisition ID: 1260
Job Location: Lagos
Reports to: Head of Finance
Department: Finance

Job Purpose

• To ensure efficient & effective fixed asset system covering day-to-day recording and control over the company’s fixed assets.

Core Responsibilities and Key Result Areas
Fixed Asset Management:

• Coordinate  the processing of asset requisitions
• Responsible for the receipt of assets into warehouse & authorization of GRN
• Deploy assets to stores based on request
• Responsible for the Computation of depreciation & reclassification of assets
• Ensure assets supplied conform with specification
• Oversee the process of periodic physical verification of assets.
• Develop internal financial control policies, guidelines, IT systems for Fixed Asset movement activities such as Asset Acquisition, Asset Replacement, Asset disposal
• Create codes for newly acquired assets base on Company’s policy and inclusion into fixed asset register.
• Carry out regular review of Company’s assets, Advise on additions, transfer and disposal.  
• Identify  impaired/non -functional assets and advise management for disposal.
• Create and monitor the system of controls, policies/procedures relating to Fixed Asset to safeguard Company’s investment in capital expenditure and prevent theft, losses and inefficiencies
• Liaise and work with the Tax Manager on  Capital Allowance Computation and obtaining certificate of Acceptance
• Liaise with the Admin Officer on incidence of theft, accident, death burglary or fire outbreak and follow-up on claims with insurance company.
• Run monthly depreciation for the company.
• Ensure removal of disposed assets from the fixed assets register and prepare Disposal report for the Fixed Assets and Risk manager.

Reporting:

• Prepare Monthly Asset register showing total cost, accumulated depreciation and NBV of asset.
• Prepare periodic report of Asset verification.
• Prepare reports of impaired/junk/obsolete assets
• Assist in extracting, collating and consolidation information needed to generate the company’s annual operating budget.

Job Specifications
Educational Requirements:

• A good first Degree in Accounting  or Finance
• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage

Professional Requirement:

• Membership of the ICAN, ACCA or any other related professional qualification is required.

Experience Requirement:

• Minimum of 5 years of experience in a similar role.

Key Performance Indicators:

• Efficiency and Effectiveness of company fixed asset system
• Timely report on asset register and acquisition
• Accuracy of depreciation charges (assessed by level of auditors’ correction journal.

Knowledge Requirements:

• Knowledge of Accounting and Financial Management
• Knowledge of basic accounting principles
• Knowledge of IFRS Standards
• Knowledge of Asset Enhancement
• Knowledge of Fixed Asset  Management
• Knowledge of operations in the Food/QSR Industry
• Knowledge of Risk Management.

Decision Expectations:

• Recommend operational, strategic and financial decisions
• Enforce agreed decisions
• Ensure accurate asset register
• Ensure removal of disposed assets.

Working Conditions:

• Jobholder typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work.
• This role is largely office-based, and also has physical demands, such as restacking assets if not properly stacked in the asset warehouse in order to prevent loss, and where loaders are not available, jobholder can help load some light equipment for deployment to stores.