Fixed Assets Accountant

Job Purpose

• To maintain the Groups 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.