Cash and Assets Controller - RCL Foods Limited - South Africa

Are you ready for a new challenge in your career? RCL FOODS is on the hunt for a qualified Cash and Assets Controller to join the Vector Logisitics Team. The role will be based in Westville. To manage and control national fixed assets additions, disposals and reconciliation. Minimum Requirements A matric certificate (Grade 12) with a tertiary Accounting qualification (B Comm Degree - 3 years accounts) Minimum of 3-5 years' work experience is required SAP (specifically Fixed Assets module) knowledge is advantageous MS Office (advanced Excel) proficiency Duties & Responsibilities System Maintenance Maintain an enhanced administration system to complement all Capex and major maintenance projects. Assume responsibility for the maintenance and administration of the national fixed assets. Run and balance monthly depreciation via the existing SAP system. Fixed Asset Management Prepare the Fixed Asset Balance Sheet Reconciliations and assist with other GL reconciliations. Prepare certain income statement reconciliations. (Please enhance this statement) Prepare and capture fixed asset journal entries. Balance the general ledger to fixed asset subsystems and promptly investigate and resolve variances. Perform fixed asset month end close and roll over. Compile year end fixed asset reports and conduct year end procedures. Control the fixed assets register in the SAP environment, ensuring compliance with internal policies (RPM) and accounting standards. Attend Capex operational meetings and work closely with CAPEX project managers. Ensure Capex orders and payments are done in accordance with RPM. Compile and monitor Capex Work In Progress schedules and ensure capitalizations are done timeously by monitoring the status of the project. Ensure physical verifications of fixed assets are done each year in accordance with RPM; oversee the process and action any amendments required. Share relevant data with management teams to enable reliable business decision making. Supervise creation of investment orders and assignment of planned amounts, based on annual capex plan approval. Release investment order budgets after relevant workflow approval for the capex project has been obtained. Review proposed useful lives, componentization, tax keys etc. of completed projects prior to capitalisation in SAP. Review and follow up on open investment orders, ensuring completed projects are capitalised timeously. Resolve issues and assist fixed asset controller with AUC (Asset under Construction) settlements. Calculate & account for impairment & non-current assets held for sale. Review AUC GL account to ensure clear prior to processing monthly depreciation. Process monthly depreciation posting runs. Prepare quarterly capex forecasts templates. Prepare capital gains tax calculations. Assist with tax return calculations and queries from the tax department. Review all month end recons. Prepare the monthly asset movement schedules for book and tax. Perform steps required to close the year-end. Assist with ad hoc and departmental requests. Align policies and procedures across all business units. Control of Finance leases: Prepare input template for individual leases for upload into the lease app (work in conjunction with initiator and sourcing). Raise Right of Used Assets (ROU) and liability in SAP based on present value Prepare the adjustment journals for lease liability, right of use asset, interest and Perform reasonableness checks and calculations of amortisation tables. Update for changes on the finance lease app after reviewing rate cards, contracts etc. Perform the monthly export of leases from the app and upload onto SAP via LSMW. Extract reports monthly from the app and forward to relevant departments. Prepare all monthly recons for finance leases (contracts/rate cards, app and SAP) and agree to GL and asset register. Internal Control Develop, implement and administer internal control procedures relating to all Capex and major maintenance projects. Develop and execute internal control procedures for all fixed asset movements. Verification Coordinate the verification process involved with the Operations assets. Complete the administration required and finalize the physical verification of all the Operations assets. Reporting Compile and maintain relevant statistics. Generate required reports. Complete and compile all relevant month end reports. Assist with schedules and the generation of reports for budgets. General Ledger Reconciliation Balance and reconcile all asset registers to the general ledger. Participate in regular team meetings and ensure that records are kept and shared across the team and that action plans agreed to within team meetings are delivered upon. Effective Teamwork and Self-Management Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning, prioritising and self-development. Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution. Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained. Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution. Support and drive the business core values. Manage colleagues and clients' expectations and communicate appropriately. Demonstrate willingness to help others and "go the extra mile" to meet team targets and objectives. Champion training and development of self and others through utilising available training opportunities or contributing to the development of new training solutions relating to product costing in collaboration with national training specialists. Participate in and drive regular performance appraisals and ensure that own targets and goals are clear and achievable. Maintain a basic appreciation and awareness of employee relations climate and ensure corrective action is taken where required in line with relevant legislation and company policy. Apply Now

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Cash and Assets Controller - South Africa

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