Post Number
8020636
Faculty/Department
University of the Western Cape -> Finance & Services -> Fixed Assets & Insurance
Type of Position
Permanent - Full Time
Location
Main Campus - Bellville, WC ZA (Primary)
Closing Date
9/10/2024
Role Clarification & Key Performance Areas
The University of the Western Cape has an asset register with historic costs exceeding R3.3 billion, and contains over a hundred thousand unique items. The recording of this huge investment in the fixed assets register poses a complex and challenging set of tasks that require the skills and efforts of a talented and diligent Fixed Asset Accountant. The Fixed Asset Accountant will report to the Financial Accountant and be responsible for staff controlling physical fixed assets. We seek a skilled individual to plan, organize and manage the Fixed Assets Department through the use of resources, systems and people in order to ensure compliance with legislation, policies and procedures.
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.
Knowledge and skills specific to the role
The candidate will deal with large volumes of data and must be able to work in an ordered and organised manner.
The role requires dealing with people from widely differing professional, financial, social and educational backgrounds and the candidate must be able to maintain a professional demeanour towards them.
The position requires analysis of current financial policies, conditions and circumstances as well as understanding the implications of proposed actions.
To effectively manage all of the above, the candidate will require the following skills/attributes:
exceptional data management and organisational skills
the ability to think analytically regarding financial and operational matters
commitment to solving problems rather than merely following procedures
good written and verbal communication skills, including the use of electronic media
self-confidence
honesty, integrity and trustworthiness.
In your application, you are encouraged to highlight your strengths and include anything else you deem exceptional and outstanding to be considered by the selection panel. In addition, please attach a cover letter motivating your suitability, a detailed curriculum vitae and the highest qualification to your online profile. To be considered for this vacancy, you must apply directly via UWC Careers at https://uwc.hua.hrsmart.com/hr/ats/JobSearch/viewAll. For any queries, please contact the Human Resources Department at +27 21 959 4063/9763/9708/3551/3756 or email: ******
DISCLAIMER: By applying for the position, you consent to the University sharing your application, including curriculum vitae, with University stakeholders to process the application. In line with the University's commitment to diversifying its workforce, preference will be given to suitably qualified applicants in line with our Employment Equity Targets. The official retirement age at UWC is 65 years. The University reserves the right to not make an appointment, make an appointment at a different level, seek additional candidates and may conduct competency assessments.
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