What does a fixed asset manager do?

A Fixed Asset Manager is responsible for overseeing an organization's fixed assets, such as buildings, machinery, vehicles, and equipment. Their primary duties include tracking asset acquisition, ensuring accurate records, managing asset depreciation, and coordinating asset disposals. They work closely with accounting and finance teams to maintain compliance with relevant regulations and optimize asset utilization. Additionally, Fixed Asset Managers may play a key role in audits and implementing asset management systems to improve efficiency.