Description :

Job Title: Manager Fixed Assets & Lease
Job Grade: L3
Location: Islamabad
Last date to apply: 30th April 2026

Job Purpose         

The Manager Fixed Assets is responsible for the comprehensive oversight and lifecycle management of the Company’s fixed assets and right-of-use assets. This includes formulating and implementing robust policies and procedures for asset capitalization, physical tagging, periodic verification, and compliance with accounting standards and internal controls. The role ensures accurate asset recording, supports financial reporting, facilitates audits, and contributes to strategic decision-making by maintaining reliable asset data. The position also plays a key role in optimizing asset utilization, safeguarding company resources, and driving continuous improvement in asset management practices.

Operational Strategy

To work with Head of Accounting and Tax in defining and driving the Operational strategies for the department.
Keeping in view the company’s short term and long-term targets, oversee the fixed assets and right of use assets processes and their implementation.
Continuously evaluate business processes for improvement
Identify areas of improvement in Financial ERP (SAP) for process efficiencies

Structuring of master data:

Creation and maintenance of assets in system as per SOP.
Ensure that correct depreciation and amortization rate and useful life is tagged on the asset.
Coordinate and assist with different stake holders from the business, to ensure proper structure of items are reflected in master data and to have a common language across the organization.
Creation of OPEX and CAPEX internal orders based on cost and profit centers for new sites.
Supporting estate team and managing the creation of new contracts in SAP for REFX

Daily and Month end closing activities

Capitalization of assets:

Ensure that all costs of RFAId sites have been capitalized on relevant assets.

Analytically review the cost and number of assets on each site and investigate in case of anomaly.

Obtain site wise breakup of costs which are recorded as lump sum in the CWIP due to any reason.

Ensure that all capitalization and treatment is carried out as per IAS-16 and policies of the Company.

Ensure that all site to site transfers are duly captured in the system.

CWIP Analysis:

Review the aging of CWIP and ensure that all balance for RFAId sites is capitalized.

For non-RFAId site, investigate the reason of old aged balances and adjust as required.

Esnure that CWIP breakup and aging is reconciled with the GL balances.

Fixed Assets Register:

Ensure that fixed assets register is maintained properly and reflects factual and correct information with respect to additions, disposals, costs, accumulated depreciation, tagging, net book value and site ID.

Ensure that fixed assets register reconciles category wise with the GLs for cost and accumulated depreciation at the end of each month.

Provision for Dismantling:
Ensure that dismantling provision is booked for every asset capitalized which needs dismantling at the end of its useful life.

Ensure that discount rate, inflation rate and price of disposal used is as per the requirement of IAS-16
Ensure that the provision is remeasured and updated in the system as required by the IAS-16.

Ensure that site wise breakup of provision for dismantling is maintained and is duly reconciled with the GL balance.

Ensure that site wise unwinding of the provision is recorded each month in the system.

Disposal of asset:

Ensure that all assets which are disposed off or lost are written off from the books.

Ensure that receipts of assets in case of disposal or insurance is recorded in the system.

Ensure that asset wise breakup of disposal is maintained for cost, accumulated depreciation and disposal receipt value for the purpose of disclosures

Management of Leases:

Ensure that valuations for leases maintained in the REFX module of SAP are posted accurately and on a timely basis.

Ensure that the Excel-based schedule for leases maintained outside SAP is properly updated and periodically reconciled.

Ensure that all lease contract modifications are appropriately reflected in the records and calculations.

Ensure that the unwinding of lease liabilities is accurately calculated and duly recorded in the financial records

Insurance of assets:

Ensure that all controlled and operating assets are adequately insured based on their current valuation and associated risks.

Coordinate with the insurance provider to timely share asset details for coverage, including new additions and disposals.

Maintain and regularly update the Operating Asset Insurance Tracker, ensuring completeness and accuracy of all Insurance claims.

Promptly lodge insurance claims in case of asset-related incidents, ensuring proper documentation and follow-up
Continuous follow-up with the insurance broker to ensure timely and fair settlement of claims.Obtain and reconcile the list and insured value of assets from the insurer to ensure alignment with internal records and financial reporting

Review of Fixed Assets Register:

Coordinate with Supply chain, NOC, and technology teams to ensure that correct quantity of assets are being reported in the fixed assets register and where require take input from NOC for assets marking physical verification on site as well as in the system.

Ensure that fixed assets register at all times reflects the correct quantity and location

Tagging of Company’s assets and physical verification:

Coordinate with different stakeholder to ensure fixed assets are timely and accurately tagged in the system.

Ensure that all assets are tagged in the system based on the information provided.

Devise mechanism to verify the assets and their tags physically.

Ensure that based on the policy all assets are physically verified

Verification of Stores and Spares:

Coordinate with the teams to perform periodic physical assets and stock counts for all inventory held in the warehouses and report any variances.

Ensure that all impaired stores and spares are written off from the books.

Review aging analysis of stores and spares and ensure that breakup of stores reconcile with the GL

Other Reporting and Assignments

Ensure that reporting to internal customers is done on time and with accuracy.

Ensure that useful life of assets is reviewed at each year end.

Ensure that impairment testing of assets is done as required by IAS-36.

People and Other responsibilities

Takes ownership over own development and is aware of strengths and development needs.

Gives meaningful and objective feedback to others.

Brings in the right resources to create a healthy, high-performing team.

Actively manages motivation of team members.

Distributes responsibilities such that team members are given the opportunity to work on strengths and development needs.

Builds ownership by communicating activities to team members and giving them freedom to shape tasks.

Requirements

1.     Knowledge, Skills & Abilities, Experience [KSAE] required

Skills / Abilities & Key Knowledge Areas

 Must-have Leadership Competencies

1.        Puts People First

2.        Acts Entrepreneurial

3.        Execution

4.        Collaboration

5.        Thinks Engro

Must-Have Technical / Functional Skills

Ability to lead through influence and to drive opportunities through collaboration and consensus

Ability to build financial models and related scenario analyses, and a bias toward action based on facts. Should be able to move quickly while also maintaining the highest levels of accuracy and quality

Key Knowledge Areas

Excellent analytical skills, including the ability to use business intelligence tools and MS Excel to build models

Should be self-motivated, act with a high level of independence, and have the ability to communicate in a clear and succinct manner

Experience & Education (& Technical Qualifications if applicable) 

 Professional Experience

Overall 10+ years of experience in FMCG/Telecom Sector. Preference will be given to a candidate in a similar role for at least 2 years

Education & Technical Qualifications*

Must-Have: CA,CPA, ACCA, CIMA, MBA Finance preferably with articles from Big 4 Firms in Pakistan or abroad.