Fixed Assets Analyst at Rand Water

Minimum Requirements

• B Com Degree or equivalent qualification in Finance environment
• Minimum of 3-5 years’ work experience in a financial accounting and project systems and fixed assets management environment
• Added advantage: procurement experience & good understanding of systems (SAP), controls, processes/procedures
• Knowledge of legislative and statutory requirements e.g. IFRS, PFMA, National Treasury Regulations and VAT
• Advanced computer literacy (MS Office Suite)

Primary Duties

• Adhere to business policies & procedures
• Timeous and accurate capturing of fixed assets, both movable and capital projects in the SAP FI – fixed assets module
• Ensuring audit readiness by complying with IFRS standards
• Timeous drafting and clearing of general ledger control accounts and reconciliation thereof
• Resolving problem items in connection with fixed asset transactions
• Physical asset verification
• Impairment of assets to lower carrying value or recoverable amount
• System changes – updated fixed assets module with current accounting standards and/or policies
• Record residual values according to agreed policy and/or acceptable accounting standards
• Review and/or change useful lives of assets annually
• Project management – timeous capitalization of projects per asset components