Fixed Asset Management & Compliance Specialist

We have an urgent requirement for Fixed Asset Management & Compliance Specialist for Ministry in Dubai, UAE

Project , Planning, Execution and Monitoring ---

Fixed Asset Management & Compliance Specialist to own the end-to-end lifecycle of fixed assets across the organization.-

Ensure compliance with IFRS 16 for leases, IAS 16 for PPE, and UAE Federal Tax Authority requirements. --

Strong understanding of IFRS/GAAP for fixed assets, depreciation methods, and CAPEX vs OPEX.

Familiar with IFRS 16 for leases.

Knowledge of tax depreciation and asset-related tax laws.--

We are seeking a Fixed Asset Management & Compliance Specialist to own the end-to-end lifecycle of fixed assets across the organization.

This role ensures accurate capitalization, depreciation, tracking, and disposal of assets while maintaining strict compliance with accounting standards, tax regulations, and internal policies.

You will drive asset governance, support audits, and optimize asset utilization in a corporate environment.

Manage asset onboarding, tagging, capitalization, transfers, depreciation, impairment, and retirement.

Maintain the Fixed Asset Register in ERP/SAP/Oracle with accurate cost, location, custodian, and useful life data.

Process additions from CAPEX projects and ensure timely capitalization per policy.

Execute monthly depreciation runs, reconciliation of FA sub-ledger to GL, and variance analysis.

Prepare fixed asset roll-forward schedules, CWIP aging, and asset movement reports for month-end close.

Support quarterly and annual financial reporting under IFRS/GAAP.

Ensure compliance with accounting standards IFRS 16, IAS 16, and local tax depreciation rules.

Maintain and update Fixed Asset Policy, capitalization thresholds, and useful life matrices.

Drive adherence to internal controls, SOX, and audit requirements.

Plan and execute periodic physical verification of assets across locations.

Reconcile physical counts with book records, investigate discrepancies, and process adjustments.

Manage asset tagging, barcode/RFID programs, and custodian accountability.

Act as primary contact for internal, statutory, and tax audits related to fixed assets.

Provide schedules, supporting documents, and explanations for asset movements.

Address audit queries and implement remediation for control gaps.

Ensure compliance with IFRS 16 for leases, IAS 16 for PPE, and UAE Federal Tax Authority requirements.

Apply correct VAT treatment on asset purchases, disposals, and intercompany transfers.

Maintain tax vs book depreciation schedules for CIT purposes.

Support ESR and CbCR reporting where assets are in scope.

Compute tax depreciation and maintain tax vs book depreciation schedules.

Support property tax, insurance, and asset-related regulatory filings.

Coordinate with tax teams on asset disposals, sales, and write-offs.

Identify automation opportunities in FA processes using ERP, RPA, or asset tracking tools.

Support system upgrades, UAT, and master data governance.

Implement controls to prevent ghost assets, duplicate records, and unauthorized disposals.

Liaise with Finance, Procurement, IT, Facilities, and Business units for asset-related matters.

Train asset custodians and project teams on capitalization rules and asset handover process.

Manage vendor interactions for asset verification and insurance.

+ years in fixed asset accounting, compliance, or asset management. 5+ years in a large corporate environment with multi-entity/ multi-location asset base preferred.

Strong understanding of IFRS/GAAP for fixed assets, depreciation methods, and CAPEX vs OPEX.

Familiar with IFRS 16 for leases.

Knowledge of tax depreciation and asset-related tax laws.

Hands-on experience with ERP FA modules: SAP FI-AA, Oracle Fixed Assets, or equivalent.

Proficiency in Excel, reconciliations, and reporting tools.

with asset tracking/CMMS tools is a plus

supporting SOX, internal audits, and statutory audits.

Strong grasp of internal controls over fixed assets and physical verification processes.

Certifications : SAP FI-AA, IFRS certification, or Fixed Asset Management certification.

ifrs,compliance,fixed asset management