47537 / Fixed Asset Manager - East Rand

Ekurhuleni, Gauteng 13 December

Unique Personnel

  • Description

    Minimum qualifications required B.Com Degree Accountancy Honors Minimum operational experience required 5 Years’ experience in Asset management and articles Managerial experience required + 5 Years Core Competencies Knowledge Financial acumen Asset Management Working knowledge of GRAP standards, related implementation guides and applicable legislation Skills Change Management Client Orientation and Customer Focus Communication Financial Management People Management and Empowerment Problem Solving and Analysis Programme and Project Management Attitudes Professional Ability to work in a team Adaptability Dependability Analytical Special Requirements Good financial and people management skills Ability to identify and deal with controversial issues Ability to interact effectively with people at all levels Good delegation skills Good facilitation skills Advanced negotiation skills Assertive, yet open minded and consultative Leadership, coaching and motivational skills Self-starter, resourceful creative Strong service ethic Strategic and innovative thinker Ability to work and cope under pressure Risk management skills Ability to create complex spread sheets Ability to develop and implement policies Willingness to learn the financial system(s) as well the specialised nature of certain COMPANY Capital Assets Job Content To ensure effective and efficient execution of the Organisation’s asset management through the maintenance of information and recommendation of changes to the system Operational Effectiveness: Assess at each reporting date whether there is any indication that an asset may be impaired. If such indication exists, estimate the recoverable amount or recoverable service amount of the asset In assessing whether there is any indication that an asset may be impaired consider the indications as per GRAP 21 and GRAP 26. Reconciliation of all Capital Assets/projects categories by sections to Assistant Financial Manager Audit related year end procedures Plant visits Physical verification of Capital Assets Useful life and impairment review Commitment list quarterly and yearly Closing of Year End Review Approve (disposals) asset from the Asset Register(s) system Approve Transfer asset in the Asset Register(s) system Approve the necessary journals Oversee the Maintaining of the Asset Register(s) Overseeing the Recording Capital Assets in the Asset Register(s): Capture according to information supplied as per Invoice and Capital Requisition Enter the asset name, asset class and location within the company Enter the barcode number (the system will automatically assign a depreciation method and the estimated useful life per Capital Assets category based on the assets description and class to which it was assigned) Assign responsibility for custody Verify that the amount listed in the Asset Register(s) matches the amount entered for the purchases transaction in the General Ledger Review Reconciliation : Asset Register(s) additions with Capital Expenditure in the General Ledger Manage & Review Asset Verification Exercise Liaise with the executive managers, plant managers and other officials on Capital Assets related issues Ensure the completeness and correctness of Capital Assets on the Asset Register(s) Oversee & Ensure Financial Procedures are Followed Oversee & ensure the following financial procedures are followed: Capital: Reconcile capital payment with capital budgets monthly Depreciation: Compare the type of asset depreciation to the company policy on asset type Do manual calculations for accuracy per Capital Assets class and highlight the differences Print the General Ledger transaction report together with the Fixed Capital Assets register reports and file them in the Month End report file Compare the Asset Register(s) with the General account to verify correct asset category and its calculation Reconcile General Ledger Depreciation report to Asset Register(s) and file Reconciliations: Reconciliation of General Ledger Opening Balances to Closing Balances Reconciliation to financial reporting software (Caseware) Capital Work-In-Progress monthly movements schedule Additions per department/cost centre Ensure correctness for current and accumulated depreciation Reconcile profits and losses on sale of Fixed Capital Assets Reconciliation of Asset Register(s) Opening Balances to Closing Balances Track progress of projects and record completed projects into Asset Register(s) Capital Projects: Compare total cost with the budgeted amount Reconcile of all Capital Assets/projects categories by sections to Assistant Financial Manager General Ledger Reconciliation: Compile all necessary Journal entries Reconcile fixed Capital Assets Clearing Account Reconcile Depreciation Reconcile Accumulated Depreciation Reconcile Profit and loss Analyze relevant General Ledger accounts to identify costs that should have be capitalized and include in the Asset Register(s) Budgets Budget Reconciliation: Prepare Fixed Capital Assets Budget Projection and reconciliation of Capital Budgets Calculate the depreciation for the various departments Develop and Maintain Policies and Procedures Develop, implement and maintain standardised policies and procedures for Asset Management in accordance with the overall GRAP guidelines and relevant legislation Relationship Effectiveness Ensure good relationship and communication with external suppliers, corporate and plant personnel to ensure a high level of customer service Effectively determine value propositions
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    Inherent Requirements

    B.Com Degree Accountancy Honors 5 Years’ experience in Asset management and articles

  • Requirements

  • Language(s): English
  • Availability for travel: No
  • Availability for change of residence: No

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Ad summary

  • 47537 / Fixed Asset Manager - East Rand

  • Recruiter

    Unique Personnel

  • Province

    Ekurhuleni, Gauteng

  • Type of contract

    Permanent contract

  • Apply now

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