Ref No: FNK/A/IUL/2018/129

Job Vacancy

 Title:     Senior Officer

Location:   Head Office

Company:   FENAKA Corporation Limited

Department: Accounts Department

Basic Salary: MVR 5,480

Service Allowance: 30%

Attendance Allowance: 20%

Overtime Allowance: 50%

Qualification and Experience required

• Diploma in Accounting/Finance completed and have and have minimum 1 year of experience (OR)
• GCE A Level  or equivalent qualification completed and have and have minimum of 2 year of experience (OR)
• GCE O Level  or equivalent qualification completed and have and have minimum of 3 year of experience (OR)

Specific Duties and Responsibilities:

Financial and Management Reporting

1.   Create and monitor a system of controls, procedures, and forms for the maintenance of fixed assets in the ERP system in accordance with the IAS 16

3.   Assign tag numbers to fixed assets.

4.   Record fixed asset acquisitions and dispositions in the ERP system.

5.   Track the compilation of project costs into fixed asset accounts in the ERP system, and close out those accounts once the related projects have been completed.

6.    Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.

7.   Calculation of depreciation for all fixed assets.

8.    Update the detailed schedule of fixed assets and accumulated depreciation.

9.    Assist in Calculate asset retirement obligations for those fixed assets to which (Asset Retirement Obligations) AROs are applicable and report to Chief Accountant

10.  Investigate the potential obsolescence of fixed assets and submit reports to Manager and Chief Accountant for review.

11.   Conduct periodic impairment reviews for tangible and intangible assets based on instructions by Manager and Chief Accountant

12.  Conduct periodic physical inventory counts of fixed assets and report to Manager and Chief Accountant

13.  Assist in preparing recommendation to management whether fixed assets should be disposed of.

14.  Conduct analyses related to fixed assets as requested by Chief Accountant

15.  Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.

17.  Track company expenditures for fixed assets in comparison to the capital budget and management authorizations and report to chief accountant

18.  Assist in Fixed Assets valuation process

Inventory Management

19. Gather inventory reports from branches and head office and make necessary accounting entries

20. Assist in devising ways to optimize inventory control procedures and report to Manager and Chief Accountant

21. Analyze data to anticipate future needs by using ERP business intelligence tools

22. Collaborate with branch level employees and other staff to ensure company's inventory goals are met.

23. Check and monitor ROL and ROQ of the inventory at branch level

24. Ensure that all the Goods Received Notes related to release POs are entered to the system.

25. Ensure that all the branches comply with manual bankcard system which are in place and manage inventory accordingly

26. Assist in analyzing the inventory management procedures and arrange periodic physical count

27Collaborate with internal and external auditors on matters related to inventory.

Interested and eligible consultants are invited to submit their Expressions of Interest. Expressions of Interest need to be submitted along with the CV, attested copies of validated documents supporting the candidate’s qualification and experience, and the copy of ID card to the address below on or before 09^th April 2018, 13:30 hrs. The applications would not be processed if attested validated documents supporting the candidate’s qualification and experience are not submitted.

FENAKA Corporation Limited

Port Complex Building, 7^th floor

Hilaalee Magu,

Male’ 20307

Republic of Maldives

Tel: (960)3307555,

Fax: +960 3317104,

03^rd April 2018