Fixed Asset Clerk - N/A11429 at Sun International

The Fixed Assets Clerk will be responsible to maintain the fixed assets register by updating the register in accordance with standard accounting policies and procedures as defined by the SSC

Education

• 2-Year Diploma (Accounting)

Experience

• Minimum 3 - 5 years experience in updating and maintaining a fixed asset register

Skills and Knowledge

• Analytical skills
• Attention to detail
• Working with information (agreements, laws regulations, statistics)
• Reviewing / evaluating information and data
• Clerical Administration skills
• Problem Solving
• Accounting principles
• Fixed asset policies and procedures
• Work-in-progress accounting
• Tax regulations
• SARS depreciation allowances
• Business and Financial Acumen
• IFS Fixed Assets module an advantage
• Written and verbal communication skills
• Proficiency in MS Office Suite

Key Performance Areas

• Maintain fixed asset and tax book registers for all fixed assets in the units serviced by the SSC
• Create fixed asset ID and add ID onto the unit capex purchase requisitions,
• Review work-in-progress (WIP) account daily and capitalise assets into fixed asset register and activate. Ensure no long outstanding items
• Respond to workflow queries from the units raised on Kofax Total Agility
• Process additions to existing fixed assets,
• Process revaluations and impairments on request from the relevant unit,
• Capture disposals and / or scrapping of fixed assets on request from the relevant unit,
• Process monthly depreciation and tax allowances and adjust value of assets in line with reasonableness review,
• Reconcile the fixed asset/tax register to the general ledger at month end,
• Produce fixed asset register reports for the units as required,
• Fixed asset leases:
• Determine asset class of lease assets,
• Calculate interest portion of lease payment to be expensed and the capital portion to be depreciated monthly,
• Compare book value with realisable value and account for difference at end of lease period
• At year-end, transfer balances of assets and accumulated depreciation to following year, and determine useful life of fixed asset
• Produce fixed asset reporting as required
• Provide the necessary fixed asset information to the units for budgeting and forecasting purposes
• Provide tax information to the Assistant Accountants for input into tax calculations
• Meet the Key Performance Indicators (€œKPIs€) for this function (eg: assets capitalised correctly, WIP clean, depreciation run, etc)
• Keep management updated with regards progress, and where necessary escalate unresolved issues
• Respond to and resolve queries with internal and external clients
• Develop and maintain sound working relationships with relevant departments
• Interact with clients and provide professional service standards and solutions
• Keep up to date with functional services and facilities