Fixed Assets Accountant

Job Description

Job Purpose To maintain the Group’s fixed asset register, ensuring accurate fixed assets accounting, compliance with IFRS (primarily IAS 16), and alignment with Group policies and reporting requirements.

Key Responsibilities

• Assist in maintaining a complete and accurate fixed asset register across entities.
• Record asset additions, disposals, transfers and reclassifications in accordance with Group
• Ensure appropriate componentisation and useful lives in line with IAS 16.
• Track capital projects and close out projects based on accurate completion and validatio of supporting documentation.
• Review the monthly depreciation calculated for property, plant and equipment.
• Review asset useful lives annually (or when indicators arise) and recommend scraping/disposal of assets.
• Monitor capital expenditure against approved project budgets.
• Assist project managers with identifying significant components of property, plant and equipment and linking it to supporting documentation.
• Ensure timely capitalisation of capital in progress projects.
• Perform monthly reconciliations between the fixed asset register and the general ledger.
• Investigate and resolve reconciling items timeously.
• Maintain strong internal controls over fixed assets, including asset verification processes.
• Assist with identifying impairment indicators for property, plant and equipment in identifying obsolete/damaged assets.
• Coordinate and attend periodic asset verifications and ensure the asset registers are timely updated for the outcome from the verification exercises.
• Investigate discrepancies between physical assets and accounting records.
• Assist in preparing fixed asset notes and disclosures for annual financial statements.
• Assist with internal and external auditors’ requests.
• Review Capex documents for completeness and appropriate level of approval.

Qualification Requirements

• BCom Accounting – 3+ Years working experience
• Strong knowledge of IFRS

Experience Requirements

• Strong knowledge and experience of fixed assets and General Ledger
• Fixed assets Management experience – 2-3 years (Essential)
• Mining and manufacturing experience – 2-3 years (Essential)

Skills and Competencies

• Job Knowledge: High attentional to detail
• Strong Excel skills.
• Ability to work independently and in a team environment
• Strong analytical and communication skills
• Excellent interpersonal and time management skills with the ability to prioritise and manage multiple tasks to meet time-sensitive deadlines