Introduction Denel has an exciting career opportunity for a Fixed Asset Accountant. The successful candidate will be responsible to provide strategic leadership and governance over the full fixed asset lifecycle, ensuring robust financial control, regulatory compliance, and alignment between the general ledger and the fixed asset register. The role drives asset management excellence through enhanced control frameworks, audit readiness, data integrity, and continuous improvement initiatives, with a strong focus on executing audit remedial actions and strengthening organisational asset governance. Provide strategic leadership and governance over the full fixed asset lifecycle, ensuring robust financial control, regulatory compliance, and alignment between the general ledger and the fixed asset register. The role drives asset management excellence through enhanced control frameworks, audit readiness, data integrity, and continuous improvement initiatives, with a strong focus on executing audit remedial actions and strengthening organisational asset governance.
Duties & Responsibilities
Lead the design, implementation, and continuous enhancement of internal control frameworks, policies, and procedures governing the recording and management of fixed assets, ensuring accuracy, completeness, and compliance with applicable accounting standards. Provide oversight of the end-to-end fixed asset lifecycle, including acquisitions, disposals, replacements, and asset tracking, ensuring robust governance and documentation standards are maintained. Drive process optimisation initiatives by identifying control gaps and inefficiencies, and implementing sustainable improvements to enhance operational effectiveness and data integrity. Oversee bi-annual asset verification programmes, ensuring completeness, accuracy, and accountability of physical assets, including leadership of asset tagging and investigation of discrepancies. Act as a trusted advisor to cost centre owners and project teams by providing strategic financial insights on capitalisation, depreciation, useful lives, and asset utilisation. Exercise judgement in determining and reviewing key accounting estimates, including useful lives, residual values, and depreciation methodologies, ensuring alignment with financial reporting standards and business realities. Ensure the integrity and reconciliation of the fixed asset register with SAP and the general ledger, including leading large-scale data cleansing and correction initiatives. Lead impairment assessments in accordance with IAS 36 Impairment of Assets, and ensure appropriate recognition and disclosure of asset impairments. Oversee lease accounting in compliance with IFRS 16 Leases, ensuring accurate recognition, measurement, and reporting of lease arrangements. Ensure the accuracy and completeness of depreciation calculations, including oversight of opening balances and period movements. Drive audit readiness by leading the preparation of high-quality audit files, proactively addressing audit findings, and engaging effectively with Auditor-General of South Africa and other assurance providers. Ensure alignment of asset management practices with Denel Group policies, PFMA requirements, and broader internal control frameworks.
Desired Experience & Qualification
Minimum B.com (Accountancy) degree or equivalent. At least 5 years’ experience in an asset management function/role as a Fixed Asset Accountant or Financial Accountant. Competent knowledge of statutory financial regulations. Capable of working independently with limited supervision.
Package & Remuneration Market Related.
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Denel Dynamics
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