Fixed Asset Recon Clerk

3 weeks ago


Durban, South Africa GBS Full time

We are currently seeking a detail-oriented **Fixed Asset Recon Clerk** who is professional, motivated, and possesses strong time management and analytical skills.

**JOB RESPONSIBILITIES**:
1) Asset Information and Data Management:

- Verify cost and other asset information on Fixed Asset Register System by reference to supporting documentation
- Accurately capture information on Fixed Asset Register System
- Liaise with various departments and suppliers as required to obtain and verify accuracy and completeness of information on Fixed Asset Register.
- Verify depreciation calculations

2) Fixed Asset Reconciliation:

- Reconcile Fixed Asset Register information to general ledger and supporting information.
- Reconcile Fixed Asset Register with Financing schedules and reports

3) Asset Verification
- Conduct audit and physical checks of assets on hand against Fixed Asset Register
- Conduct periodic asset stock counts
- Prepare asset count and audit variance report for management review

4)Fixed Asset Financing administration
- Assist financial accountant with preparation of documents relating to asset financing.
- Capture Asset financing details to Fixed Asset Register system

5) Fixed Asset Reporting:

- Extract and prepare relevant reports from Fixed Asset System for management review
- Identify and report on assets approaching end of life cycle.

6)Process Monitoring
- Assist management to ensure that standard operating procedures (SOP) are being consistently and correctly followed.
- Support departments in understanding and adhering to SOP

7) General Support and Administration
**MINIMUM REQUIREMENTS**:

- ** Grade 12 Certificate** with a relevant diploma or degree is preferred.
- A solid understanding of IFRS, particularly IAS 16 (Property, Plant, and Equipment), is essential.
- A minimum of **18 months of work experience in a finance or accounting role**, specifically involving fixed asset reconciliations, is required.
- Prior experience with accounting software is mandatory.
- Familiarity with asset management systems is advantageous.
- Strong knowledge of best practices in fixed asset management.
- Proficiency in MS Office Suite.
- Ability to analyze processes and identify areas for improvement.


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