Manager: Fixed Assets and Leases

SoluGrowth is looking for Manager: Fixed Assets and Leases to recording the cost of newly acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation, maintain and accurate fixed asset and Tax register as well accounting for the disposition of assets. The role is also responsible for lease accounting in accordance with IFRS 16 and all relevant statutory requirements. To verify the validity, completeness, integrity, and accuracy of financial information for both Fixed Assets and Leases.

Deliver a strategic partnership to the business:
- Create and monitor a system of controls, procedures for the accounting of assets and leases
- Analyse financial information
- Provide robust financial control to optimise performance for decision making
- Act as a strategic advisor to the business
- Seek new opportunities for the business to become efficiency focused, i.e., agile decisions, automation of processes, digital footprint opportunities on a proactive basis

**RESPONSIBILITY**
- Recommend to management any updates to accounting policies related to fixed assets. - Assign tag numbers to fixed assets.
- Record fixed asset acquisitions and dispositions in the accounting system.
- Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
- Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
- Calculate depreciation for all fixed assets.
- Review and update the detailed schedule of fixed assets and accumulated depreciation.
- Calculate asset retirement obligations for those fixed assets to which AROs are applicable.
- Investigate the potential obsolescence of fixed assets.
- Conduct periodic impairment reviews for intangible assets.
- Conduct periodic physical counts of fixed assets.
- Recommend to management whether fixed assets should be disposed of.
- Conduct analyses related to fixed assets as requested by management.
- Prepare audit schedules relating to fixed assets and assist the auditors in their inquiries.
- Prepare Tax Register.
- Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
- Reconcile assets clearing account monthly and maintain aging of not more than 60 days
- Assist with set-up of all new leases and validation of lease data and attributes, and maintenance of accurate lease data base.
- Gather, verify and input cross-functional data into the lease management tool
- Record monthly lease journal entries and complete account reconciliations
- Initiate lease payments and ensure they are processed completely, accurately and timely
- Identify the relevant sources of information to account for all transactions in the Balance sheet for Assets, Accumulated Depreciation and Liabilities for both Fixed Assets and Leases
- Ensure compliance with IAS 16, IAS 17 and IFRS 16
- Investigate any possible over/under accruals and amend future calculations methods, processes or information to ensure accurate accruals. Liaise with the business partner on this process
- Ensure all reversing journals reversed correctly from previous month.
- Validate monthly information received by reviewing control indicators for all Lease vendors
- Identify any discrepancies and investigate the root cause with source systems - Oracle and Manual Lease database
- Identify any discrepancies and investigate the root cause with source systems - Oracle and Manual Fixed Asset Register
- Investigate any discrepancies and alert Financial Reporting team with any late adjustments to the lease or fixed assets balances
- Identify cost saving initiatives and advise business and senior management of these

**QUALIFICATIONS AND EXPERIENCE**
- B.Com degree with Honours
- 8 years plus within Financial Environment
- 4 years plus experience in Managing Fixed Assets and Leases
- Strong Excel Skills
- Oracle prior experience an advantage
- Previous Telecommunication industry experience an advantage

**CORE COMPETENCIES & ATTRIBUTES**
- Emotional Intelligence (EQ)
- Diversity and Inclusion
- Influencing with Integrity & Ethics
- Agile Leadership
- Change and Innovation
- Outcome-Based Orientation