Senior Accountant Strategic Projects and Fixed Assets at Sasol

Purpose of Job

• Co-ordinate financial reporting requirements in the business units for Capital projects and Fixed assets. Manage and provide a comprehensive accounting services, relating to (incl.) project/lease/interest capitalisation accounting in the day-to-day execution of financial related activities. Ensure that sound financial management and reporting practices are implemented and applied in the Business and maintain a sound financial reporting environment relating to capital projects and fixed assets. Ensure that effective, accurate and timely reporting is done to all stakeholders. Ensure compliance to company projects & fixed asset policies, accounting standards and adherence to all governance requirements.

Key Accountabilities
Effectively manage the required financial accounting transactions and reporting relating to:

• Actively manage allocated project portfolio, ensuring timely risk assessment, follow up and capitalisation of capital projects, including engagement with project managers etc.
• Assist and take part in capital governance meeting to determine the nature of the project and assist in the review of capital allocation submissions
• Preparation the lease accounting calculations/reconciliations – including budgeting, forecasting and evaluation of potential leases for inclusion in portfolio
• Actively manage the interest capitalisation portfolio – including budgeting, forecasting, impairment and evaluation of whether projects are qualifying assets or not and the documentation thereof.
• Preparation of precious metals calculations/reconciliation and schedules with the required tax calculations/schedules
• Preparation of IVC reconciliations and schedules
• Preparation of yearly schedule for Standardised measurement for oil and gas (SMOG).
• Preparation of bi-annual commitments splits between Energy and Chemicals
• Prepare relevant and timeous financial management information – monthly reporting
• Exercise relevant SOX controls in area of responsibility
• Timely resolution of queries and assistance with ad hoc requests
• Update of relevant procedures, policies and works instructions
• Provide assistance to manager in the identification of resolution of complex accounting matters and accounting treatment
• Presenting applicable RCP papers to the team to ensure knowledge sharing of event in other business units.
• Year end and half year end deliverables.

Formal Education

• University Bachelor’s Degree (B Com/B Compt. Accounting)

Min Experience

• 6 years of relevant experience (project and fixed assets environment incl. lease accounting)