Accountant - Fixed Assets Recon and Reporting Finance at MTN

JOB DESCRIPTION

Fixed Assets capitalisation and Project Accounting Administration

• Obtain breakdown information on labour costs capitalisation journals from project accounting office, analyse and evaluate the data and perform the necessary cost adjustment transactions in the fixed assets register in accordance with IFRS.
• Obtain a list of CIP from Project Accounting Office and prepare the reclassification journal posting for reporting purposes
• Extract uncapitalised assets report (consolidated queues) and identify CIP projects and align report to CIP report from Project accounting Office. 
• Submit the relevant reports of status and ageing of differences between fixed asset register and general ledger
• Recommend changes and modification to systems as required to ensure timeliness, accuracy and efficiency.

Cost Control (This function will have a direct reporting into the Fixed assets area and an Indirect reporting to Capital Projects office)

• Assist Fixed assets department with all zero assets and CIP assets. 
• Perform cost apportionment calculation and provide capitalisation schedule for labour costs capitalisation
• Prepare depreciation provision journal for completed project costs not yet capitalised into fixed asset register
• Upload the bulk cost adjustment onto Oracle fixed asset register module
• Update the site restoration cost provision schedule for MTN-owned branded retailed channel stores (“BRC) and prepare all relevant journal postings i.e., additions, retirements, depreciation and interest amortisation for the liability account
• Prepare capitalisation journal for oracle development cost relating to internal IBM support function
• Prepare depreciation provision for BTS CAPEX accruals

Run period-end close activities

• Initiate the subledger closing process including running of month end posting of new asset additions, asset cost adjustments and asset disposal postings on Oracle ERP Fixed Assets module
• Follow-up on any posting issues identified timely to avoid delays in month-end close deliverables
• Run the end-to-end depreciation process on Oracle ERP (including the journal creation to the GL interface)
• Extract the consolidated queue showing listing of assets note yet capitalised with applicable ageing per line item
• Perform TAX register update procedures and run TAX register depreciation
• Escalate unresolved queries to Manager Fixed Assets

Information Management

• Maintain listing and archive of all approved journals posted
• Maintain adequate evidence and support for all journals posted for audit purposes.
• Assist in providing audit schedules for internal, interim and year-end audit
• Maintain supporting schedule for site restoration costs provision for BRC MTN-owned stores
• Ensure support documentation complies with IFRS standards.

Reporting

• Preparation of month-end reconciliation pack
• Preparation of monthly asset movement schedule 
• Extract unmatched CAPEX receipts reports – run the AP and PO Reconciliation report and perform ageing and provide depreciation on aged items.

Customer Satisfaction:

• Consider the implications of actions to be taken for the customer / the effect of actions on the customer 
• Understand the immediate consequence and impact of activity on the customer
• Report and escalate issues as and when required to the responsible person to ensure continuous Operational Support
• Respond to customer queries in line with set guidelines
• Escalate unresolved queries timeously
• Ensure that customer specifications are met and that the customer is satisfied with the end service and/or product
• Deliver first time right service excellence

QUALIFICATIONS

Education: 

• Minimum of 3year degree/ diploma in accounting or with experience in supervising others
• Good Communication & Presentation Skills

Experience 

• At least 2 years’ experience in a similar position Accountant role, in dynamic and fast-moving industries. Telecoms / Fixed asset accounting experience an advantage
• Advanced knowledge of Excel 
• Financial systems skills – Oracle, Hyperion, ERP, etc.
• Good financial and technical skills

Required skills

• Attention to detail
• Good Interpersonal skills
• Good financial acumen
• Proficiency in ERP and other AP tools
• Good Problem Solving Skills