Fixed Assets Accountant

Job Description

Job Purpose

• To maintain the Group’s fixed asset register, ensuring accurate fixed assets accounting, compliance with IFRS (primarily IAS 16), and alignment with Group policies and reporting requirements.

Key Responsibilities

• Assist in maintaining a complete and accurate fixed asset register across entities.
• Record asset additions, disposals, transfers and reclassifications in accordance with Group
• Ensure appropriate componentisation and useful lives in line with IAS 16.
• Track capital projects and close out projects based on accurate completion and validatio of supporting documentation.
• Review the monthly depreciation calculated for property, plant and equipment.
• Review asset useful lives annually (or when indicators arise) and recommend

scraping/disposal of assets.

• Monitor capital expenditure against approved project budgets.
• Assist project managers with identifying significant components of property, plant and

equipment and linking it to supporting documentation.

• Ensure timely capitalisation of capital in progress projects.
• Perform monthly reconciliations between the fixed asset register and the general ledger.
• Investigate and resolve reconciling items timeously.
• Maintain strong internal controls over fixed assets, including asset verification processes.
• Assist with identifying impairment indicators for property, plant and equipment in

identifying obsolete/damaged assets.

• Coordinate and attend periodic asset verifications and ensure the asset registers are

timely updated for the outcome from the verification exercises.

• Investigate discrepancies between physical assets and accounting records.
• Assist in preparing fixed asset notes and disclosures for annual financial statements.
• Assist with internal and external auditors’ requests.
• Review Capex documents for completeness and appropriate level of approval.

Qualification Requirements

• BCom Accounting – 3+ Years working experience
• Strong knowledge of IFRS

Experience Requirements

• Strong knowledge and experience of fixed assets and General Ledger
• Fixed assets Management experience – 2-3 years (Essential)
• Mining and manufacturing experience – 2-3 years (Essential)

Key Outputs

Job Knowledge:

• High attentional to detail
• Strong Excel skills.
• Ability to work independently and in a team environment
• Strong analytical and communication skills
• Excellent interpersonal and time management skills with the ability to prioritise and manage multiple tasks to meet time-sensitive deadlines