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Fixed Assets Accountant

Vacancy Details

Reference No.

CS-41712

Synopsis

Manage the Fixed Asset Verification within a set time frame and the asset disposal and transfers, impairment reviews on overall accuracy of the Fixed Asset Register as a Fixed Assets Accountant at an international oil and gas company. The successful incumbent will contribute to continuous improvement initiatives and supports the Fixed Asset Accounting team when required.

Description

  • Implement the asset verification cycle for both SA and Mozambique
  • Provide guidance to the Fixed Asset team and the business with respect to Fixed Asset verification processes
  • Apply rigorous project management and coordinate the verification cycle of all assets and maintain records of all documentation - e.g. Deed documents, motor vehicles registration documents, etc.
  • Work across businesses with verification agents and a wide stakeholder list to achieve verification results
  • Responsible  for the integrity of the FAR, and being kept up to date as a result of all asset disposals, transfers, impairment reviews and strategic joint ventures and acquisitions, etc.
  • Maintain and prepare verification templates and documentation for actual physical verification
  • Update the Fixed Asset Register (FAR) in line with verification results by collating and compiling verification feedback, and updating the FAR accordingly
  • Co-ordinate the results of verification with Fixed Assets Lead Accountant as it relates to non-existence and / or impairments, and recommendations potential write on / write off as a result of verification findings, ensuring & maintaining accuracy  of FAR
  • Serve as the SPA for verifying assets and providing assurance i.r.o.existence and accuracy of assets on FAR for strategic growth or disposal projects and for quarterly Balance Sheet Integrity Purposes
  • Ensure compliance with the Group Reporting Manual (GRM) and International Financial Reporting Standards (IFRS), as it relates to, inter alia, transferring of Fixed Assets, accurate reporting of potential impacts on the P&L,  and revaluations and impairment
  • Subject Matter Expert for Fixed Asset verification and associated processes. Benchmark processes against other operating companies and ensure best practices are implemented in SA and Mozambique
  • SPA for interface with business partners, internal project teams and internal / external audit partners for all matters relating to Fixed assets
  • Update monthly Process Performance Indicators (PPI’s) as it relates to verification as well as other key FA metrics
  • Interface with Internal control and external audit to ensure close out of audit action items
  • Review of Dry / Idle sites as part of impairment review process to manage changes to the Retail portfolio
  • Provide business LT, GBS LT, Internal Control with insights into potential control breakdowns, non-compliance, and risks to Fixed Assets
  • Review asset base and report asset impairments
  • Support A&O with assets purchased in bulk – maintain control of assets
  • Support the FA team with ad hoc activities to maintain team capacity activities such as ; retrieval / sanction requests, capitalisations, BSI
  • Support / Own FA projects
  • Assist with period end close for fixed asset accounting – journals relating to impairment, disposals, scrapping, etc. and reconcilations of Asset Proceeds accounts and profit/loss on disposal of assets

Requirements

• B.com or similar qualification in accounting
• Minimum of 5 years work experience in an accounting role
• Experience overseeing multiple activities and tasks
• Experience in project management

Position Type

Permanent

Work Level

Mid-Level

Salary

Market Related

Industry

Chemical

Salary Type

Annually

Package

Cost To Company

Affirmative Action

Yes

Geographic Location

Western Cape