Fixed Asset Controller

**RCL FOODS **is seeking a **Fixed Asset Controller** to join our** Group Services Division. **The role will be based in **Malalane** and will report to the Fixed Asset Accountant. RCL FOODS is looking for an individual who will be responsible for making all finance system workflow and operational decisions that fall within the ambit of responsibility.

**RCL FOODS** entrusts the individual to evaluate, review and control all fixed asset transactions and the administration of Insurance claims within the scope of responsibility.

**Duties & Responsibilities**:
**Control of Finance leases**:

- Prepare input template for individual leases for upload into the lease app.
- Raise Right of Used Assets (ROU) and liability in SAP based on present value calculations.
- Prepare the adjustment journals for lease liability, right of use asset, interest and depreciation.

***Asset Control & Review**:

- Create / Evaluate created projects & release.
- Transfer of budget & contingency in projects.
- Control open projects, capital work in progress and timeous capitalisation.
- Review and sign off on capitalisation, disposal & transfer schedules.
- Review asset master data. Master data includes naming conventions, Asset categorisations, depreciation and tax allowances etc.
- Control the yearly physical verifications, useful lives reviews and “0” book value assets.
- Prepare and post any impairments/reversals required.
- Review "Controllable items" GL account for possible capitalisation.
- Prepare and drive policies and procedures.
- Assist Fixed Assets Clerk & Fixed Assets Accountant as required.

**Insurance administration**:

- Assessing the claims for accuracy, validity and completion.
- Capturing and recording all components of the claim for record purposes.
- Review and analysis of claim costs against initial incident.
- Investigation of and resolving ad-hoc queries
- Claim closure following successful completion of the claim.
- Preparation of the insurance reports.
- Allocation of settlement and excess amounts.
- Preparation of Asset information for Premium renewal.

***Reporting**:

- Compile and maintain relevant statistics for asset movements.
- Compile all relevant month-end reports and reconciliations.
- Generation of monthly finance lease reports.
- Assist with year-end schedules within the ambit of responsibility.

***Team Management**:

- Lead and develop staff within the context of the Labor Relations Act, Employment Equity Act, Basic Conditions of Employment Act and the Skills Development Act.
- Performance development and target setting for fixed asset clerks.
- Provide system training to Fixed Asset Clerks when required. Monitor staff performance and provide regular feedback.
- Manage staff activities, ensuring service levels are met and protocols are adhered to. Coach and support staff where necessary to achieve objectives.
- Manage staff leave and general time management issues in line with organizational deliverables and standards.
- Champion staff training and development through the utilization of available training opportunities or contributing to the development of new training solutions in collaboration with national training specialists.
- Conduct regular performance appraisals with subordinates.
- Develop and manage a high-performance team which is capable of interacting with other functional disciplines in order to solve problems within the commercial arena.

**Minimum Requirements**:
Degree in Accounting.

SAP (Modules Fixed Assets) - Advantageous Computer literacy: Proficiency in Excel.

Have a good knowledge of fixed assets management principles and practices.

Technical accounting and tax knowledge (specifically related to fixed assets).

Must have 2 years’ experience in fixed assets or similar role.

Must have 1 year experience supervising / managing a team - advantageous.