Capital Controlling Specialist
7 months ago
**Essential Skills Requirements**:
- Proven experience with SAP, Microsoft Office programs, and advanced Excel skills.
- In-depth knowledge of accounting principles, particularly related to fixed assets and current IFRS requirements.
- Familiarity with the Income Tax and VAT Act as it pertains to fixed assets.
- Understanding of the Automotive Investment Scheme (AIS).
**Advantageous Skills Requirements**:
- Previous experience in a manufacturing environment.
- Familiarity with capital projects.
- Knowledge of Business Intelligence (BI) systems or methods.
- Strong analytical skills with creativity and initiative.
- Ability to work under pressure, meet tight deadlines, and work independently.
- Excellent multitasking abilities without losing sight of the big picture.
- Positive, self-driven, and innovative with a value-adding attitude.
- Efficiency-oriented with a focus on quality assurance.
- Proven problem-solving skills, with the ability to take a well-considered position.
- Results-driven and solution-oriented, even in the face of challenges.
- Meticulous attention to detail.
- Excellent interpersonal skills, adapting communication to suit different audiences.
- Willingness to learn continuously and adapt to new processes.
- A strong team player with a proactive approach.
- Takes full ownership of tasks and acts independently.
**Qualifications/Experience**:
- Bachelor of Commerce (BCom) degree with a minimum of 3 years' experience in capital controlling in a manufacturing environment OR Chartered Accountant (SA) qualification.
**Role and Responsibilities**:
- Manage the entire process of Capital Invest Applications (CIA) from initiation to project closure, adhering to Invest Planning Handbook, Invest Guideline, and IFRS compliance.
- Review and approve shopping carts in accordance with guidelines, IFRS, Tax, and AIS requirements.
- Capitalize complex assets (including spare parts) in SAP while complying with International Financial Reporting Standards (IFRS), tax laws, and AIS guidelines. Maintain comprehensive backup documentation for capitalizations.
- Ensure timely capitalizations (no aging of items in CWIP - Capital Work in Progress).
- Oversee asset tagging and verification, maintaining sufficient supporting documentation.
- Manage the asset disposal process, including auctions of obsolete assets, reconciling proceeds, invoicing, and adhering to all relevant legal requirements.
- Maintain the asset register, including annual reviews of useful life and zero value assets.
- Assist with month-end, quarter-end, and year-end closing and reporting related to fixed assets, ensuring compliance with relevant IFRS, including reporting into the German invest interface (MORE).
- Provide regular reporting to Technologies on asset breakdowns, asset tagging, and invest expenditure for the year (SAZ).
- Execute budget/forecast for depreciation, tax, invest, AIS amortization, and cash flow.
- Prepare and update relevant guidelines for Capex and Asset controlling.
- Identify and implement improvements to the IT system for asset and capital controlling to ensure compliance with IFRS, tax, and AIS. Implement enhancements to achieve process efficiency.
- Perform testing and assess the functioning/design of internal controls in the area of responsibility (ICS compliance).
- Assist with the preparation of any audits.
- Ensure training and knowledge transfer of capex and asset processes to Technologies.
- Provide assistance with ad-hoc projects/requests as required.
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