Fixed Assets Clerk-RCL FOODS
🗏Job Type | Full Time |
Job Title Fixed Assets Clerk
Department Finance
Job Type Classification Contract
Location - Town / City Durban
Location - Province KwaZulu-Natal
Location - Country South Africa
Job Description
To maintain accurate, reliable records within SAP fixed asset registers and control the fixed assets additions and disposals for - RCL Foods Consumer (Pty) Ltd,
- RCL Group Services (Pty) Ltd,
- And further Group companies as required
• Minimum requirement: Matric with mathematics and accountancy, studying towards an accounting degree/diploma.
• Minimum of 1 years’ fixed asset or similar functional experience
• Specific SAP fixed assets experience preferable
Duties & Responsibilities
Fixed Assets Life Cycle:
Investment Orders/Projects:
- Review information received in the form of a capex workflow request and ensure the following is adhered to:
- Supplier quotations included which tie back to the authorised bill of works,
- Relevant authority levels have been obtained,
- All relevant documents attached to the workflow (as per the RPM) – Capex administration form, Capex motivation form, Bill of works and Quotations.
- Review & follow up on MOFA’s attached to workflows.
- Capture capital project details into SAP Investment Orders, for release by Fixed Asset Accountant.
Project Capitalisation:
- Review/tracking of open investment orders to determine projects nearing completion.
- Ensure completed projects are capitalised timeously, by prompting project managers to analyse their projects and provide the necessary information.
- Forward capitalisation sheet to relevant managers/engineers for authorisation
- Obtain breakdown of asset cost per each asset from the relevant engineer/managers
- Review proposed useful lives, componentisation, classification, etc. of completed projects prior to capitalisation in SAP.
- Research which tax allowance is applicable as per the South African Income Tax Act:
- Create asset on SAP based on the breakdown received from the project managers, once reviewed by FA Accountant.
Acquisitions/Retirement of Assets:
- Liaise with Operational Managers and Project Managers and provide advice on issues relevant to Group fixed asset acquisition or disposals preparation of Asset Control form and authorisation request.
Capex Payments:
- Payment and recording of all capex related invoices.
- Check and authorise the payments of invoices/deposits/progress payments:
Verification:
- Initiate and oversee the process and procedure involved in relation to the physical verification of the Group’s fixed assets.
- Communicate and follow up with Operations regarding the verification process.
- Distribute fixed asset reports for operation’s physical verification of the group’s fixed assets.
- Liaise with operations and plan visits to the plants to perform spot checks.
- Ensure signed, authorized physical verifications are received back from all relevant operations.
- Follow up on documentation required to action amendments resulting from physical verification.
- Process required amendments on SAP.
Useful Life Review:
- Print and distribute fixed asset reports for operations useful life review.
- Liaise with commercial managers on thresholds and timelines.
- Ensure signed, authorised amendments are received back from all relevant operations.
- Follow up on documentation required to action amendments resulting from useful life review.
- Process useful life review amendments on SAP, once they have been reviewed by the Fixed Asset Accountant.
Loose Assets:
- Review “loose asset” GL accounts for the identification of assets to be capitalised, by referring to RPM and IFRS standards.
- Liaise with operations to obtain necessary information and documentation to enable capitalisation of the assets.
IFRS and Tax Compliance
- Ensure compliance with IFRS Property Plant and Equipment Standards.
- Ensure compliance with SARS Income Tax Act and Practice and Interpretation Notes.
- Review Wear and Tear rates (existing and new assets) for consistency and compliance.
Reports
- Send out FAR’s on a quarterly basis to enable Operational Managers to tag their assets, ensuring compliance with Internal & External Audit requirements.
- Assist fixed asset accountant with compilation of information for any fixed asset reports required.
General Administration
Governance
- Ensure that RCL Foods ethical standards and the requirements of the RPM are adhered to.
Information and Data management
- Ensure team members accurately and regularly capture data onto SAP to enable access to reliable data and reporting for trend analysis and decision making.
- Share relevant data with management teams to enable reliable business decision making.
Effective Teamwork & Self-Management
- Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning and prioritising, and self-development.
- Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
- Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution.
- Support and drive the business core values.
Apply Here http://bit.ly/2LGqPGC
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