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Fixed Asset Accountant (001674) in London at Inmarsat

Date Posted: 2/5/2018

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Job Description

Primary role purpose:

To ensure the accounting and reporting of Inmarsat’s fixed assets is completed in an accurate and timely basis, whilst fostering and promoting a culture of strong internal controls.

Inmarsat’s fixed assets have a net book value of approximating $4 billion, with an annual capex programme in the range of $500 million.  These expenditures range from the construction and maintenance of satellites, earth stations and networks, to enterprise software and related intangible assets.  The purpose of this role is to ensure that all capex expenditure is properly accounted and reported in accordance with IFRS accounting standards in a timely manner to achieve reporting timelines.


Job Requirements

Key Responsibilities:

Main deliverables and tasks will include:

  • Maintenance of the fixed asset register -
    • Timely setting up of new WBS project codes in SAP (correct assignment of assets under construction (AUC) or non AUC as appropriate)
    • Monitoring progress of AUC projects to ensure assets are settled on time following project completion dates
    • Ensure control processes are adhered to for settling assets into the correct fixed asset categories and depreciation rates on a timely basis
    • Estimation of asset useful economic life
    • Responsible for the accounting of various fixed asset transactions, including sales, disposals, impairments and inter-company asset transfers
    • Monitoring adherence to, and enforcement of, Inmarsat’s Fixed Asset Accounting Policy


  • Production of accurate and timely month end capex financials by -
    • Adhering to the month end time table
    • Ownership of the accounting for timesheet & travel costs
    • Ownership of the accounting and reporting of capitalised interest
    • Reconciliation of key GL accounts and following up on outstanding actions


  • Reporting of capex transactions as required by internal stakeholders including, but not limited to
    • Tax
    • Corporate Reporting
    • Business Unit Finance Managers


  • Provision of the Fixed Asset note and other disclosures for -
    • Annual Accounts
    • National statistics


  • Ad-hoc tasks as requested

 Essential Knowledge and Skills:

Candidates must have a degree and be able to demonstrate the following:


  • Qualified, or part-qualified accountant nearing completion final exams
  • 1 to 2 years of experience in similar fixed asset focused positions
  • Technically proficient in IFRS accounting for fixed asset transactions
  • Proficient in Microsoft Excel (intermediate level minimum)
  • Experience with SAP and its Investment Management component
  • Confidence in communicating and building relationships with business stakeholders
  • Ability to make reasoned judgements on accounting matters relating to capex
  • Pro-active approach to complete tasks on time
  • Self-motivated with strong organisational skills
  • Good problem solver




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