Reporting Line: Manager: Fixed Assets
Division: Finance
Position ID: 60017692
Scale Code: 405
Closing Date: 30 October 2024
Main Purpose of Position
The Fixed Asset Controller is responsible for maintaining the fixed assets registers for SABC, ensuring compliance with safekeeping procedures in line with the PFMA. The role involves accurately recording asset acquisitions, disposals, transfers, and depreciation in financial records. Additionally, the Fixed Asset Controller conducts periodic physical verifications of the fixed asset register.
Key Responsibilities
1. Business Operational Efficiency
- Maintain fixed asset registers for assigned departments or business units.
- Accurately record newly acquired assets.
- Allocate bar codes to assets and update master records.
- Identify and verify assets through bar-code labels and the asset tracking system.
- Ensure accurate asset descriptions in the fixed asset register.
- Update the register for asset transfers between cost centres and locations.
- Recommend corrective actions for unutilized assets and process relevant forms.
- Verify completeness of forms for write-offs of obsolete/stolen assets.
- Record profits or losses on asset disposals.
- Conduct annual physical verifications of all fixed assets.
- Update the fixed asset register based on verification results.
- Regularly analyze and clear asset-under-construction accounts in the general ledger.
- Ensure accurate classification and reclassification of fixed assets.
- Correct inaccurate entries in the fixed asset register.
- Monitor and review work performed by asset verifiers.
- Remind end-users to report lost fixed assets.
2. Stakeholder Management
- Collaborate with the Insurance Department on processing documents for lost, stolen, or damaged assets.
- Work with Capex Administration to address issues in asset-under-construction accounts.
- Timely resolution of fixed asset-related queries.
- Provide consultation and advice to clients and employees regarding asset management.
3. Governance, Risk, and Compliance
- Apply relevant statutes (BCEA, LRA, PFMA).
- Ensure compliance with laws and regulations.
- Update the fixed asset register for sold or written-off assets.
- Continuously inform employees about policies, procedures, and new developments.
Qualifications and Experience
Minimum Qualifications
- Grade 12
- Degree or National Diploma in Accounting (NQF 6/7) or relevant qualification
Experience
- 3 years of financial accounting or fixed assets experience
Knowledge and Skills
- Financial policies and procedures
- PFMA and IFRS knowledge
- Strong numerical skills and accuracy
- SAP and Microsoft Office proficiency
- Business writing skills
- Ability to manage stakeholders and adhere to strict deadlines
- Attention to detail and ability to work under pressure
This position offers an opportunity to manage the SABC's fixed assets in a role requiring both financial and organizational expertise.
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