Divisional Fixed Asset Manager

**_ Equity Statement :Preference will be given to suitably qualified Applicants who are members of the_**
**_designated groups in line with the Employment Equity Plan and Targets of the Organization/Operating_**
**_Division._**

**_ Alternative Application Methods: (Completed Curriculum Vitae to be submitted)_**

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**_ Operating Division : TPT POD Corporate H/O_**

**_ Position Title : Divisional Fixed Asset Manager_**

**_ Employee Group : Permanent_**

**_ Department : Finance_**

**_ Location : Durban_**

**_ Reporting To : Divisional Financial Reporting Manager_**

**_ Grade Level : E_**

**_ Reference Number : 203690_**

**_ Position Purpose:_**

To ensure that the Capital Asset Reporting section is run efficiently and managed effectively, such that proper procedures are

in place to result in accurately and timeously reported capital assets.

**_Position outputs:_**

1. Management of fixed asset department including:
a. Manage all Fixed Asset monthly reporting processes for accuracy and completeness.

b. Manage and integrate the consolidation of Fixed Asset schedules from TPT terminals ensuring information is valid,

accurate and complete.

c, Monitor the Capital work in progress accounts in respect of assets, which have been placed in operation to ensure timeous

capitalization.

d. Lead and manage the staff reporting into the position to ensure that they are able to meet the objectives of their roles and

obtain the necessary guidance and development, also ensuring that new staff are recruited as required.

e. Ensure that monthly exception reports are run timeously and are used to eliminate any duplication or data or incorrect

allocations/ details and that an investigation occurs into the origin of these exceptions, so that measures can be taken to

prevent errors.

2. Divisional process owner for Property, Plant and Equipment (PPE).

a. Plan and Coordinate the quarterly index and annual Fixed Asset revaluation exercise for TPT as per Transnet policy.

Management of the bi-annual impairment test at all TPT terminals. Prepare necessary documentation required for

authorization and adjustment of TPT Fixed Asset records.

b. Monitor and manage Fixed Asset Suspense, Revaluation Surplus, Impairment and Profit and loss on disposal accounts at

Head Office and at terminals; ensure reconciliation is performed at terminals and co-ordinate timely clearance thereof.

c. Ensure execution of the national Fixed Assets verification programme to ensure the validity, accuracy and completeness of

the Fixed Asset Register at all times, implementing cost centre owner responsibility and timeous updates of the Fixed Asset

Register as a result of changes.

d. Determine the depreciation budget for TPT Head Office and ensure the reasonability of the depreciation budget for TPT

terminals.

e. Lead/participate in fixed asset related projects

f. Partner with SCM in execution of Reverse Logistics process for fixed assets across TPT.

3. Manage governance and controls of Fixed Asset Process by taking cognizance of:
Ensuring a digitalization by actively driving enhancements to the fixed asset register and fixed asset reporting processes.

b. Developing, maintaining and enhancing appropriate internal control systems to ensure CRFC's are effective in respect of

PPE across TPT.

manner in which data is entered and manipulated within either the SAP or Access environments.

d. Ensuring compliance with Asset Reporting requirements in line with all internal and external policies / guidelines, including,

PFMA, Companies Act, Tax regulations, IFRS and relevant Transnet accounting policies. Support terminals in terms of

financial accounting, taxation, internal control environment and other financial compliance aspects iro PPE.

e. Manage the roll-out of any changes in IFRS, company policies or changes to the asset user system, ensuring that proper

change control procedures are followed, that training materials and Standard Operating Procedures are correctly updated

and that the key system users are appropriately trained.

f. Implementing and maintaining an Asset Tagging Solution across Transnet Port Terminals, monitor compliance and

sustainability of the solution nationally.

4. Accurate, relevant, reliable reporting to assist business in optimizing the management of fixed assets and ensuring

regulatory reporting standards are met.

a. Interrogate, review and compile the fixed asset year-end pack for TPT. This includes the movement in Historic and

Revaluation Asset Values as well as the NDR (Revaluation Surplus), Deferred Tax Schedules (in conjunction with the Tax

Manager) and any other relevant schedules relating to Fixed Assets