Accountant II: Fixed Asset
Listing reference: woolw_000026
Listing status: Under Review
Apply by: 18 March 2021
Position summary
Industry: Auditing/Accounting
Job category: Cost Accounting
Location: Cape Town
Contract: Permanent
Remuneration: Market Related
EE position: Yes
Introduction
To provide the business with accurate recording, processing, monitoring and reporting of all fixed assets (including capital expenditure projects). To monitor current procedures and the full reporting at group level relating to assets.
Job description
- Monitor current systems and controls related to assets and capital expenditure to ensure compliance with procedures and to raise concerns regarding non-compliance:
- Provides monthly asset reports and evaluates capital expenditure
- Ensures that correct capital / revenue allocation are made
- Correct rates of wear and tear are applied to capitalized assets
- Processes all assets and reports on assets and capital expenditure.
- Ensure data integrity in the fixed assets register for book and tax values.
- Transfer / disposal / acquisition / depreciation of assets as per authorized requests.
- Complete monthly fixed asset reporting downloads and compares these to ledger
- Perform age analysis of capex accruals.
- Set monthly depreciation to run
- Clear out Work In Progress account when projects are completed, to asset register
- Preparation of monthly reconciliations and fixed asset register
- Work in Progress account reconciled into asset categories
- Fixed Asset book cost to fixed asset tax cost
- Disposal cost and proceeds
- Prepare budget depreciation simulation on current and expected future assets
- Monitor the spend against authorized values of projects and follow up on any overspends and overall progress
- Finalise the project on completion by filing all documentation and settling the project out of the work in progress account into the correct asset categories
- Establish SLA with key stakeholders / customers.
- Prepare monthly operational reports.Assist with completion of half-yearly and year-end financial packs
Minimum requirements
- Accounting degree or diploma (B.Com or similar)
- Sound understanding of accounting processes and control requirements
- 1-2 years’ experience in a Fixed Assets environment
- Ability to document and implement financial processes in a large organization
- Strong Excel skills and the ability to work with large volumes of data