Fixed Asset Accountant

Description:

To control, maintain and secure fixed assets of Dangote Cement South Africa Group and ensuring that all activities are in accordance with IFRS. Responsible for Development and Enterprise Development companies’ financials. *Fixed Assets* * Record purchases and sales of corporate fixed assets * Prepare fixed asset financial notes in accordance with IFRS * Draft and implement relevant procedures re fixed assets * Overseeing the physical inventories and tagging of the fixed asset items * Reconcile between the detailed fixed asset accounts sub ledger and general ledger * Research accounting and IFRS compliance issues relating to fixed assets * Conduct periodic inventories of all fixed assets and update the fixed asset system and general ledger to reflect the changes * Maintain a file to retain all authorised information gathered related to fixed asset changes * Ensure on a monthly basis that all new assets and existing assets on fixed assets register exist and are in use by the company * Prepare budget and forecast templates relating to fixed assets * Work with the field officers on placing assets in-service as well as decommissioning * Ensure correct asset class and location allocation when an asset is capitalized Ensure that procedures are in place and adhered to when assets are transferred to different cost centres or profit centres * Coordinate and interact with the external and internal auditors on reviews and year end audits * Post all depreciation to the general ledger on a monthly basis Investigate and resolve any depreciation issues and resolve them timeously before month end * Responsible for cash flow projections monthly re capital spend * Responsible for the correct IFRIS 16 treatment of rental /leased assets * Responsible for the processing of Finance department purchase orders and ensuring that all supporting documents are maintained and uploaded to SAP *Development, Torosesha & Enterprise Development * * Responsible for the Bookkeeping and cash flow projections of the various companies * Monthly preparation of the working paper files *Insurance * * Add all fixed assets to the Company’s Insurance * Assist in the annual renewal * Reconcile monthly between the fixed asset register and the insurance report ???????*Reporting * * Prepare reports in accordance with the Dangote Group requirements. * Run reports pertaining to depreciation for book values and tax values * Calculate and prepare a wear and tear schedule manually update with new acquisitions, retirements. * Prepare the wear and tear schedule for tax calculations * Prepare work in progress accounts for correct allocation and capitalization of completed projects and assets under construction * Assist with project and asset under construction cost calculations and motivations * Control costing of all capital projects *Qualifications * * National senior certificate