Accountant : Fixed Assets at University of the Western Cape/Universiteit van Wes-Kaapland

Duties and responsibilities will entail:

• Full disclosure relating on Annual Financial Statements to Fixed Assets in the Income Statement, Balance Sheet and Notes in terms of accounting standards (IFRS 16)
• Leases & Corresponding Liabilities
• Knowledge of Maintaining the asset register with this class of assets
• Knowledge of capitalisation of lease requirements in terms of IFRS.
• Disclose capital projects i.e. property, plant and equipment according to IFRS standards.
• Knowledge of significant assets and IFRS.
• Liaise with Building Contractors and other major infrastructure and equipment projects
• Budget & Planning
• Forecasting the effect of Future capital investments for Budgets and Five-year Plan
• Knowledge and application of capital budgeting to assist the Management Accountant with Budgets, Forecasting and Five-year Plans
• Developing and maintaining the asset register
• Maintaining accounting and management information relating to fixed assets
• Reviewing and reporting on GL fixed asset and related information to detect potential errors/inconsistencies
• Informing and advising relevant department heads of fixed asset management
• Providing fixed asset related information on request and being available to clarify such information to users and heads of cost centres
• Staying abreast of practical implications of legislation and IFRS changes relating to fixed assets
• Ensuring the accounting for additions, disposals and depreciation of fixed assets is accurately and timeously updated in the ledger
• Providing financial procedural advice relating to various stakeholders
• Responsible for the asset registers and general ledger to ensure completeness, accuracy and validity
• Preparing/assisting with the preparation of various fixed asset accounting related reports required by the Department of Higher Education and other statutory bodies
• Performing various administrative tasks that form part of the Fixed Asset Accounting and Management function of the university
• Design, write, update and enforce policies and procedures which govern fixed assets
• Enforcing the Fixed Asset policy
• Plan, execute and reconcile ad hoc asset counts periodically, carrying out asset counts.
• Attend infrastructure project meetings

Minimum Requirements

• Post matric qualification: Bachelor’s in Accounting (NQF 7)
• 3 years’ relevant experience in fixed assets
• 2 years’ supervisory experience
• Valid Drivers’ Licence with 2 years driving experience
• MS Word (including creating templates, using tables etc.); MS Excel (non-negotiable) including developing reports, using lookups and pivot tables; and an e-mail and scheduling application (preferably G-mail).

Experience with the following software will be a distinct advantage:

• Infor LN or any other ERP system
• Fixed Assets Register system.