Fixed Asset Accountant - Westville at RCL Foods

Job Description    

• At RCL FOODS we see & do things differently, we think bigger, work smarter, and as a team collectively work towards achieving our ambition to provide more food to more people, more often! The RCL FOODS Talent Team is on the hunt for an experienced Fixed Asset Accountant to join our Group Services Division. The role will be based in Westville and report to the Finance Manager. The purose of the role is to manage and control the national fixed assets, additions and disposals; and balance/reconcile the Group fixed asset register.

Minimum Requirements    

• CA(SA) or B-Com Accounting (Honours)
• Minimum of 3 years in a fixed asset function
• Proven experience in a SAP environment
• Syspro experience is an advantage

Duties & Responsibilities    
Main Responsibilities

• Supervise creation of investment orders and assignment of planned amounts, based on annual capex plan approval.
• Release investment order budgets after relevant workflow approval for the capex project has been obtained.
• Review proposed useful lives, componentization, tax keys etc. of completed projects prior to capitalisation in SAP.
• Review and follow up on open investment orders, ensuring completed projects are capitalised timeously.
• Resolve issues and assist fixed asset controller with AUC (Asset under Construction) settlements.
• Calculate & account for impairment & non-current assets held for sale.
• Review AUC GL account (647000) to ensure clear prior to processing monthly depreciation.
• Process monthly depreciation posting runs.
• Prepare quarterly capex forecasts templates.
• Prepare capital gains tax calculations.
• Assist with tax return calculations and queries from the tax department.
• Review all month end recons.
• Prepare the monthly asset movement schedules for book and tax.
• Prepare monthly PPE recon for Cognos.
• Perform steps required to close the year-end.
• Assist with ad hoc and departmental requests.
• Align policies and procedures across all business units

Verification Oversight

• Oversee the process and procedure involved in relation to the physical verification of the Group’s fixed assets.
• Follow up on the Fixed Asset Clerks’ amendments resulting from physical verification, based on authorised documentation 

Leases

• Perform reasonableness checks and calculations of amortisation tables.
• Update for changes on the finance lease app after reviewing rate cards, contracts etc.
• Perform the monthly export of leases from the app and upload onto SAP via LSMW.
• Extract reports monthly from the app and forward to relevant departments.
• Prepare all monthly recons for finance leases (contracts/rate cards, app and SAP) and agree to GL and asset register.

Reporting

• Compile and maintain relevant
• Complete and compile all relevant month-end
• Assist with year-end schedules and the generation of monthly reports for budgets, including depreciation simulation runs.
• Complete all year end schedules for fixed assets in term of IFRS and tax

SAP Maintenance

• Attend training and obtain skills and expertise required to be the Group SAP “super- user” for fixed assets.
• Provide on-the-job SAP training to team
• Ensure any new team members are adequately trained to fulfil their functions in the SAP
• Allocate appropriate access to users and monitor

General Administration

• File and safeguard records within area of
• Compile ad hoc spreadsheets and analysis when

Information and Data management

• Ensure team members accurately and regularly capture data onto SAP to enable access to reliable data and reporting for trend analysis and decision
• Share relevant data with management teams to enable reliable business decision

Teamwork and Self-Management

• Take ownership and accountability for tasks and activities and demonstrate effective self management in terms of planning and prioritising, and self-development.
• Follow through to ensure that quality and productivity standards of work are consistently and accurately
• Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate
• Support and drive the business core
• Manage colleagues and client’s expectations and communicate
• Demonstrate willingness to help others and “go the extra mile” to meet team targets and
• Champion training and development of self and others through utilising available training
• Participate in, and drive regular performance appraisals and ensure that own targets and goals are clear and manage staff leave and general time management issues in line with organisational deliverables and standards.
• Manage and deliver on succession plans to enable the development of a future generation of leaders and specialists and ensure optimal turnover and retention levels are
• Champion staff training and development through the utilisation of available training opportunities or contributing to the development of new training solutions in collaboration with national training
• Conduct regular performance appraisals with subordinates.
• Establish sound staff and labour organising and communication structures and
• Lead the team towards meeting the strategy and targets through regular communication and utilisation of the full organisational talent management tool
• Conduct regular meetings and ensure that records are kept and shared across the team and that action plans agreed to within team meetings are delivered

KPI's

• Champion staff training and development through the utilisation of available training opportunities or contributing to the development of new training solutions in collaboration with national training

Staff Management

• Lead and develop staff within the context of the Labour Relations Act, Employment Equity Act, Basic Conditions of Employment Act and the Skills Development
• Monitor staff performance and provide regular
• Manage staff activities, ensuring service levels are met and protocols are adhered
• Coach and support staff where necessary to achieve objectives