Fixed Asset Accountant

Mintek Pty Ltd.; Gauteng; On-site; ZAR 300 000 - 450 000; Full time

Job summary

Mintek is seeking a Fixed Asset Accountant to manage and oversee asset acquisition, maintenance, and verification. The role involves ensuring compliance with asset management policies and preparing documentation for asset transactions. Ideal candidates will possess a Bachelor's degree in Finance or Accounting and have 2-5 years of relevant experience.

Qualifications

• 2-5 years experience in asset management (IFRS compliance).

Responsibilities

• Ensure all assets are controlled and administered as per policy.
• Oversee regular asset verification exercises.
• Prepare documentation for asset transactions.

Skills

Teamwork

Communication

Organizational skills

Attention to detail

Interpersonal skills

Education

Bachelor's Degree in Finance or Accounting

Job description

Industry : Scientific, Research & Development

Job category : Accounting, Auditing

Location : Randburg

Contract : Permanent

Remuneration : Market Related

EE position : Yes

Introduction: Mintek has an exciting career opportunity for a Fixed Asset Accountant.

The candidate will ensure that all Mintek assets are controlled and administered as described in Mintek's Fixed Asset Policy.

All suitably qualified and experienced candidates are invited to apply.

Responsibilities

1. Asset acquisition
2. Advise buyers and administration officers on correct procedure to procure assets.
3. Verify that the cost of the asset is correct in terms of the Asset Management Policy and that all applicable costs have been included.
4. Review asset acquisitions to ensure correct categorization per the Asset Management Policy.

Asset register maintenance

1. Ensure all assets are on the register and depreciation is done according to policy.
2. Review and update asset information regularly.
3. Develop and maintain asset relocation processes.
4. Review data changes for accuracy.
5. Ensure asset location data is current.

Asset verification

1. Oversee regular asset verification exercises, including planning, execution, reconciliation, and reporting.
2. Facilitate resolution of issues detected during audits.
3. Assist with bar coding and asset movements.

Month-end activities

1. Review capital projects monthly and settle items to assets.
2. Perform monthly depreciation runs.
3. Reconcile fixed asset register with general ledger regularly.

Disposal / write-off of assets

1. Ensure disposal follows policy and proper documentation.
2. Review assets for auction and approve disposals.
3. Deactivate assets post-disposal and maintain schedules for audits.
4. Advise on impairments during verification.

Administration

1. Ensure policies are adhered to through regular communication.
2. Review and update fixed asset policies and SOPs.
3. Monitor compliance and Capex budgets.
4. Coordinate with SBUs on expenditure and asset movements.
5. Maintain asset master data and evaluate asset useful life.
6. Maintain acquisition schedules and review asset register for anomalies.

Reporting

1. Prepare documentation for asset transactions.
2. Assist with year-end financial statement preparation.
3. Analyze policy amendments for efficiency.

Qualifications and Experience

• Bachelor's Degree in Finance or Accounting
• 2-5 years experience in asset management (IFRS compliance)

Knowledge, Skills, and Abilities

• Teamwork, communication, and organizational skills
• Attention to detail and initiative
• Interpersonal skills and ability to work under pressure

Behavioral Competencies

• Project management
• Good verbal communication
• Strong work ethics