Fixed Assets Specialist

Operating Division: Transnet Property
Employee Group: Non-Permanent
Department: Finance
Location: Johannesburg
Reporting To: Senior Manager: Balance Sheet
Grade: F
Reference: req4774

The closing date is on . It is the responsibility of the applicant to ensure that HR has received the application before the closing date of the advertisement.

To ensure that all entries in the accounting and tax fixed asset register is complete; accurate and valid and that it is reconciled to the general ledger.

• To process accounting entries in the FAR to results in a complete; accurate; valid IFRS compliant Fixed Asset Register and tax asset register
• Preparation of a monthly asset roll forward schedule
• Preparation of monthly acquisition and disposal summaries with supporting documentation
• Capturing impairment and fair value adjustments to ensure completeness, accuracy and validity
• Capturing/updating SAP data for the annual asset verification
• Preparation of the reconciliation of FAR to GL
• Preparation of the register of demolitions
• Assisting the annual review of residual values and useful lives
• Ensure scheduling and accurate posting of the depreciation amounts
• Co-ordination of the bi-annual valuation of investment property and booking of the fair value adjustments
• Reconciliation of the Land Asset Register to the Fixed Asset register
• To ensure that all intangible assets recorded in the correct categories
• To run exception reporting for the Fixed asset module and to clear up exceptions
• To assist the regions to provide information around the regional asset register
• To prepare analysis and reporting on the asset register
• To clean up the data in the asset register by region and to group assets by subcategories
• Tax asset register
• Preparation of the monthly reconciliation of the tax asset register to the FAR
• Maintenance of the schedule of capital gains tax of all disposals
• Preparation of a tax asset roll forward

BCom Degree or Advanced Diploma in accounting; 5 years in an asset management environment.

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Preference will be given to suitably qualified Applicants who are members of the designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating Division.

If you have not heard from Transnet within 90 days, please consider your application as unsuccessful.

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