Financial Accountant (Fixed term Contract)

JOB DESCRIPTION

• Record fixed asset acquisitions and disposals in the accounting system.
• Track the compilation of project costs from work-in-progress (WIP) accounts into fixed asset accounts, and ensure that business units clear these WIP accounts once the related projects have been completed.
• Calculate and reconcile depreciation as well as wear-and-tear for all fixed assets in accordance with accounting and Company-specific policies and relevant accounting standards, and ensure compliance with taxation regulations.
• Review the asset categories and depreciation rates captured by relevant stakeholders.
• Prepare fixed asset reconciliations and identify any discrepancies between the general ledger, subledger and annual financial statements (AFS).
• Investigate and correct the root causes of any discrepancies timeously, and suggest mitigating controls for the future.
• Prepare fixed asset notes to the AFS in accordance with relevant accounting standards, the Companies Act 71 of 2008 (Companies Act) and allowances.
• Respond to queries or conduct analyses related to fixed assets as requested by management or from various stakeholders.
• Prepare audit schedules relating to fixed assets and assist the auditors in their enquiries.
• Recommend to management any updates to accounting policies related to fixed assets.
• Perform accounting and fixed asset administration, including the preparation of fixed asset instructions to different stakeholders, data capturing and record keeping.
• Engage with relevant stakeholders/clients within the external parties.

JOB REQUIREMENTS

• A minimum of a Bachelors degree (NQF 7) in Accounting or Commerce, or an equivalent qualification; and
• At least 24 years of experience in the financial services environment, specifically in the area of accounting.

The following will be an added advantage

• A postgraduate qualification in Finance.

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