Fixed Asset Accountant
Eastern Cape, South Africa
5d ago
source : findojobs-za

Port Elizabeth, Eastern CapePermanentThis advert is open for application by external applicants. Equity Statement : Preference will be given to suitably qualified Applicants who are members of thedesignated groups in line with the Employment Equity Plan and Targets of the Organisation / OperatingDivision.

Applicants that are interested in applying for any of the advertised positions must apply by registering on the Careers sectionof the Transnet Internet.

Please take care in completing all required details on the profile, and then apply for the position. Alternative Application Methods : (Completed Curriculum Vitae to be submitted) Post : E-

mail : Fax : The closing date is on 04.07.2019. It is the responsibility of the applicant to ensure that HR has received the applicationbefore the closing date of the advertisement.

Note : if you have not been contacted within 30 days of the closing date of this advertisement please consider yourapplication as unsuccessful.

Any questions regarding the application or recruitment process should be sent in writing . We urge all our employees, clients, members of the public and our suppliers to report any kind of fraud or corruption atTransnet.

Call the hotline toll free number : 0800 003 056 or e Operating Division : TPT Port Elizabeth MPT Position Title : Fixed Asset Accountant Employee Group : Permanent Department : Finance Location : Port Elizabeth Reporting To : Management Accountant Grade Level : G Reference Number : 20003164 Position Purpose : Responsible for the management of asset accounting at a terminal level To ensure that PPE transactions processed are valid, accurate and complete, which results in the Fixed Assets and CWIP Accounts being an accurate representation of the value of the Terminals asset base.

Responsible for the management and planning of activities related to asset accounting as well as process monitoring and improvements.

  • Position outputs : Reporting Compile the monthly asset reports for the allocated terminals. Review status of IFRS 5 related assets for appropriateness and ensure assets are recorded as held for sale when the criteria are met;
  • Responsible for the asset and CWIP account reconciliations Including related supporting schedules. Management of WIP capital projects portfolios, ensuring timeous capitalisations;
  • Provide monthly progress reports on capital projects to the Financial Manager as well as the Asset Specialist at HQ; Actively manage the accounting for assets in terms of compliance with IFRS including consideration of impairment, change in useful life, residual value and disclosure requirements.

    Liaise with Internal Audit for asset related audit steps (for transactions performed at the terminal); Transactions Accountability for validity, accuracy and completeness of all transactions relating to capex, capitalisation, transfers, disposals and impairments.

    This process required an ongoing evaluation of the asset base to determine the outcome or decisions made and whether the appropriate outcomes have been reached in light of changing or new information.

    Outcomes and impacts of decisions may not be known immediately. Determine the correct categorisation of assets at acquisition through consultation with project managers and asset owners where required.

    Responsible for the accuracy of the monthly depreciation run. Identify the need for an impairment of an asset based on the conditions at the time of assessment and other relevant information per the accounting standards including the preparation of the relevant paperwork for approval.

    Analyse and identify possible areas for improvement in relation to the asset impairment, disposal and capitalisation process.

    Source information historically and through trend analysis to support their recommendation. Identifying and recommend assets for disposal.

    Manage the asset withdrawal process. Coordinate tagging of assets capitalised (with the SAP generated asset number or a systematic number used by the terminal) Preparation and management of the asset verification plan for the terminal.

  • Liaise with Terminal Operations and Finance as well as HQ Business Case Writers to provide information during the preparation of business cases;
  • Provide information for the preparation of budgets cash flows and forecasting depreciation / depreciation simulations; Ensure that capital budgets and cash flows are aligned to those at HQ;
  • Transactions are in compliance with policy and legislation; Ensure all capital spares are booked into stores and all capital items in stores are recognised on the asset register as capital spares;
  • Manage the capitalisation of spares to assets; and Reconcile all costs relating to mega projects with expenditure records of Transnet Capital Projects and sign off on a monthly basis.

  • Controls Comply with the minimum controls framework Extract information to provide to with internal and external audit requirements for asset related audit steps;
  • Attend the Project Steering Committee meetings and initiate action based on outcome of the meeting (provide a summary to the Asset Specialist and Financial Accountant at the terminal concerned);
  • Monitoring of project spend to budget to identify when project budget is close to being exceeded including notification to the terminal CAPIC and HQ Capital Investment Manager for projects requiring an increase in ETC;
  • Handing over of assets to the new cost centre owner in the event of a change in individual (cost centre owner); and Co-ordinate with the HQ FAS in obtaining the quarterly CC Manager sign off for assets per cost centre.

  • Projects Supplying assets information to the Third Party Valuators Attending project meetings and reporting back to the Asset Specialist (HQ) and the Financial Manager;
  • Attending terminal CAPIC; and Involvement with the Project team carrying out the asset tagging process, including linking the unique tag number to the asset registers.

    Together with the HQ Asset Specialist, create a process to ensure swift disposal. Qualifications & Experience : B Com (Finance / Accounting Degree) orNational Diploma in Finance / Accounting andMinimum 3 years’ experience with ability to demonstrate relevant knowledge of the TPT asset environment Competencies : SKILLSComputer literate with above average MS Excel skills (V-

  • Look ups, Pivots, etc.);Strong asset accounting knowledge;Knowledge of International Financial Reporting StandardsSAP experience (an advantage);
  • Knowledge of VAT, Taxation, Companies Act and PFMA; Assertive;Analytical;Proactive;Ability to question and interrogate information provided to them;
  • Interpersonal skills;Time management;Conflict management;Ability to follow instructions;Ability to work under pressure to tight deadlines.

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