Our client in the rail transportation and leasing industry are looking for a new Fixed Asset Manager to join their growing team based in London. Reporting into the Senior Finance Manager, this is a key role to assist with the management of the companies stock of fixed assets and provide accurate and timely reporting.
Key responsibilities
- Own and manage the fixed asset register, including asset additions, disposals, depreciation, revaluations, impairments, and lifecycle accounting in line with IFRS and local GAAP.
- Oversee IFRS 16 lease accounting, including component accounting, recognition, measurement, and ongoing compliance across the leased asset base.
- Ensure accurate setup, maintenance, and reporting of fixed assets within D365 and downstream reporting tools (Power BI, Vena, commercial reports).
- Manage accounting for heavy maintenance activities, assessing costs for capitalisation or expensing in accordance with component accounting policy.
- Oversee short- and long-term heavy maintenance planning, ensuring alignment between technical maintenance schedules and financial records.
- Maintain robust controls over investment projects and assets in progress (AIP), including reconciliations and timely capitalisation.
- Ensure fixed assets are correctly reflected in the trial balance, management accounts, statutory accounts, and balance sheet disclosures.
- Perform and document asset impairment reviews, providing evidence and support for internal and external audit requirements.
- Lead Purchase Price Allocation (PPA) asset accounting, including setup, depreciation, and reconciliations where applicable.
- Act as the primary finance liaison with Technical and operational teams to ensure accurate accounting of full-service and heavy maintenance costs.
- Manage rolling stock insurance accounting, including declarations, forecasting, budgeting, and related reporting.
- Support internal and external audits, responding to audit queries and maintaining strong audit trails.
- Maintain and update fixed asset accounting policies, and deliver ad hoc financial analysis, reporting, and system improvement initiatives.
The ideal candidate will be a qualified accountant, or qualified by experience with strong exposure to fixed asset management and general financial reporting. This is quite a technical position requiring someone who is happy with hands on reporting and analysis. Strong systems exposure including excel will be needed, a long with general collaborative ability, able to communicate through multiple business lines and across the finance team.
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