Fixed Asset Accountant Non-IT

1265

Reporting to

Manager – Accounting - Target

Job Description

To support the financial accounting function relating to fixed assets by processing, maintaining controls, providing information, and ensure the business complies with accounting and taxation requirements in line with Target’s policies.

Responsibilities

  • Ensuring capitalization of closed projects from capital work in progress (CWIP) is capitalized in compliance with Australian Accounting Standards and company policy, ensuring correct description and asset details and liaising with various stakeholders thereto
  • Ensuring that depreciation rates reflect business use
  • Depreciation and amortization expense is monitored against budget and forecast to provide advice on variances for forecasting purposes
  • Monthly reconciliation of asset-related accounts
  • Preparation of the monthly CWIP reporting including status and plan of the capitalization approach
  • Ensure appropriate provisions are maintained for asset impairments/write-offs.
  • Ensure asset write-offs and transfers are processed accurately in a timely manner
  • Preparation of monthly asset-related schedules for accounting (Book) and Tax
  • Preparation of the monthly depreciation and amortization forecast
  • Maintain and update the process documentation for fixed assets
  • Provide ad hoc financial reporting as required
  • Provide financial support for fixed assets for half year and year-end audit as required

Desired qualification and work experience

  • Completed/ completing Post Graduate qualifications in CPA/CA

Technical skills

  • Experience using SAP an advantage
  • Demonstrated competence in disciplines of accounting principles and numeracy skills
  • Working knowledge of accounting process and financial reporting
  • Strong verbal and written communication skills
  • High attention to detail
  • High analytical skills

Traits and abilities

  • Exceptional skills in critical thinking, prioritization, staying organized, problem-solving
  • Works with a sound sense of urgency
  • Demonstrates business acumen to manage and meet customer and sponsor needs