Accountant needed immediately: APPLY HERE
Cape Town, Western Cape
To provide the business with accurate recording, processing, monitoring and reporting of all Africa’s fixed assets (including capital expenditure projects). To monitor current procedures and the full reporting at group level relating to assets.
Accounting degree or diploma (Btech in Accounting, B.Com or similar).
Sound understanding of accounting processes and control requirements
3 years’ accounting experience. Preference will be given to Fixed Assets experience.
Ability to document and implement financial processes in a large organization
Strong Excel skills and the ability to work with large volumes of data.
“As a proudly South African brand, Woolworths is committed to transformation. Meeting our employment equity goals will be taken into account in our recruitment decisions.”
Monitor current systems and controls related to assets and capital expenditure to ensure compliance with procedures and to raise concerns regarding non-compliance:
Provides monthly asset reports and evaluates capital expenditure.
Ensures that correct capital / revenue allocation are made.
Correct rates of wear and tear are applied to capitalized assets.
Processes all assets and reports on assets and capital expenditure.
Ensure data integrity in the fixed assets register for book and tax values.
Transfer / disposal / acquisition / depreciation of assets as per authorized requests.
Complete monthly fixed asset reporting downloads and compares these to ledger.
Perform age analysis of capex accruals.
Set monthly depreciation to run and complete month end.
Clear out Work In Progress account when projects are completed, to asset register.
Preparation of monthly reconciliations and fixed asset register.
Work in Progress account reconciled into asset categories.
Fixed Asset book cost to fixed asset tax cost.
Disposal cost and proceeds.
Prepare budget depreciation simulation on current and expected future assets.
Monitor the spend against authorized values of projects and follow up on any overspends and overall progress.
Finalise the project on completion by filing all documentation and settling the project out of the work in progress account into the correct asset.
Assist with completion of half-yearly and year-end financial packs.
Establish SLA with key stakeholders/customers.
Take on of fixed assets onto the financial system when an In-Country goes live onto Oracle.