Fixed Asset Controller at RCL Foods

Minimum Requirements:

• Degree in Accounting.
• SAP (Modules Fixed Assets) – Advantageous Computer literacy: Proficiency in Excel.
• Have a good knowledge of fixed assets management principles and practices.
• Technical accounting and tax knowledge (specifically related to fixed assets).
• Must have 2 years’ experience in fixed assets or similar role.
• Must have 1 year experience supervising / managing a team – advantageous.

Duties & Responsibilities

Control of Finance leases:

• Prepare input template for individual leases for upload into the lease app.
• Raise Right of Used Assets (ROU) and liability in SAP based on present value calculations.
• Prepare the adjustment journals for lease liability, right of use asset, interest and depreciation.

Asset Control & Review:

• Create / Evaluate created projects & release.
• Transfer of budget & contingency in projects.
• Control open projects, capital work in progress and timeous capitalisation.
• Review and sign off on capitalisation, disposal & transfer schedules.
• Review asset master data. Master data includes naming conventions, Asset categorisations, depreciation and tax allowances etc.
• Control the yearly physical verifications, useful lives reviews and “0” book value assets.
• Prepare and post any impairments/reversals required.
• Review "Controllable items" GL account for possible capitalisation.
• Prepare and drive policies and procedures.
• Assist Fixed Assets Clerk & Fixed Assets Accountant as required.

Insurance administration:

• Assessing the claims for accuracy, validity and completion.
• Capturing and recording all components of the claim for record purposes.
• Review and analysis of claim costs against initial incident.
• Investigation of and resolving ad-hoc queries
• Claim closure following successful completion of the claim.
• Preparation of the insurance reports.
• Allocation of settlement and excess amounts.
• Preparation of Asset information for Premium renewal.

 Reporting:

Compile and maintain relevant statistics for asset movements.

Compile all relevant month-end reports and reconciliations.

Generation of monthly finance lease reports.

Assist with year-end schedules within the ambit of responsibility.
 Team Management:

• Lead and develop staff within the context of the Labor Relations Act, Employment Equity Act, Basic Conditions of Employment Act and the Skills Development Act.
• Performance development and target setting for fixed asset clerks.
• Provide system training to Fixed Asset Clerks when required. Monitor staff performance and provide regular feedback.
• Manage staff activities, ensuring service levels are met and protocols are adhered to. Coach and support staff where necessary to achieve objectives.
• Manage staff leave and general time management issues in line with organizational deliverables and standards.
• Champion staff training and development through the utilization of available training opportunities or contributing to the development of new training solutions in collaboration with national training specialists.
• Conduct regular performance appraisals with subordinates.
• Develop and manage a high-performance team which is capable of interacting with other functional disciplines in order to solve problems within the commercial arena.