The purpose of the Asset Controller in a BPO is to manage and safeguard company assets, ensuring accurate tracking, compliance, and efficient utilization. The role is responsible for maintaining asset registers, overseeing procurement and disposal processes, and ensuring adherence to financial and operational controls.
Responsibilities
- Maintain the fixed asset tracking system, ensuring that all relevant asset information and fields are accurately and consistently completed.
- Assess the condition of assets on an ongoing basis and notify management of assets requiring impairment or write-off consideration, including damaged or broken assets that are beyond economic repair. Ensure that the relevant details are documented in the asset tracking system.
- Ensure that asset locations are updated in the tracking system whenever assets are relocated or transferred.
- Verify newly acquired assets against delivery notes and purchase orders. Capture the assets in the tracking system using the correct cost, asset category, location and depreciation rate, and maintain the supporting documentation.
- Reconcile the Fixed Asset Register to the General Ledger for all group entities, prepare the monthly depreciation schedule and reconcile asset movements to the management accounts.
- Review PPE and capital expenditure postings to identify items that should be capitalised or allocated differently.
- Conduct regular site walkthroughs, bi-annual asset counts and leasehold improvement inspections. Follow up on missing, damaged, relocated or untagged assets.
- Review supporting documentation for asset disposals, physically verify the assets where applicable, obtain the required approvals and ensure that a complete audit trail is maintained.
- Prepare monthly asset addition reports, contribute to PPE commentary and cash flow breakdowns for the management accounts, and prepare PPE forecasts to support the budgeting process.
- Ensure that controls and processes relating to property, plant and equipment (PPE) are adequately designed, implemented and adhered to.
- Manage asset tagging, including when necessary, tagging newly acquired assets and replacing tags that have been damaged, removed or become illegible.
- Perform ad hoc administrative duties as requested by management.
- Good computer Literacy, with skills in Word, Excel and PowerPoint.
- Experience working on an asset management system, preferably Assetzure.
- Attention to detail and high level of accuracy.
- Ability to work under pressure, multi-task and prioritize.
- Aptitude for mathematics and accounting or finance.
- Excellent time management and organisational skills.
- Excellent co-ordinating skills with basic analytical and problem-solving skills.
- Excellent written and verbal communication skills.
Experience & Qualifications
- Matric / Grade 12 – NQF Level 4 equivalent (minimum requirement).
- Finance or commerce related tertiary qualification required, alternatively must be studying towards a commerce qualification such as a Higher Certificate, Diploma or Degree.
- Minimum of 1-2 years’ experience in asset management, finance, or accounting roles, ideally within a BPO or corporate environment.
Authority & reporting line
- The Asset Controller will be responsible for managing and safeguarding company assets, ensuring compliance and accurate reporting.
- They will report directly to the Financial Accountant.