Fixed Asset Manager 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 Title: Fixed Asset Manager

Location: Lagos
Employment Type: Full-time

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  asset warehouse  for assets delivered to HQ & 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
• 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
• 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.
• 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

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.

Job Specification

• A good First Degree in Accounting or Finance
• Possession of a Postgraduate Degree in Accounting / Business Administration or related field is an added advantage
• Membership of the ICAN, ACCA or any other related professional qualification is required.
• Minimum of 5 years experience in a similar role.

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.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online