Fixed Asset Accountant at Unilever

MAIN JOB PURPOSE:

As a member of the Finance Function, you are responsible for ensuring accurate fixed asset accounting, along with the following functions:

• Ensure depreciation charge for the period is captured in the general ledger for every month of the year.
• Ensure that Capex for the acquisition of assets is properly authorized & approved. You would also pull together commercial case for projects that requires it.
• Track all capital work-in progress and ensure that completed projects are duly capitalized to reflect the asset position of the business.
• Identify idle assets in the business and initiate action for provision and subsequent disposal.
• Ensure that the Fixed Asset Register is clean by supporting Assets Physical Verification exercise which highlights redundant & obsolete asset for subsequent approval for disposal while functioning as the secretary of the Asset Disposal Committee to oversee all disposal.
• You would play a major role during the interim and annual audits for assets related matters.

JOB SUMMARY

Depreciation charge for every month.

• Review the computed depreciation to ensure accuracy for each class of asset.
• Reconcile year-to-date depreciation on the relevant Business ERPs and GL

Capex

• Ensure Capex raised is within approved budget.
• Do commercial case for all capex that requires it
• Upload approved Capex (CEP) on Marlin for Approval
• Track all expenditure for each project by using the Capex unique number for all payments within the Ledger.
• Prompt for overspent where it’s exceeding approved overspend percentages.
• Initiate and extract all expenditure on all completed projects to project manager for capitalisation process.
• Capitalise completed projects by class of asset.

Disposal

• Extract from Business ERPs assets identified to be disposed /write off and obtain approval to dispose of asset.
• Organise meetings with Asset Disposal Committee for all assets to be disposed.
• Complete asset disposal form for approval for all assets to be disposed.

Physical Verification of Assets

• Classify and register all Business Assets by Location
• Identify assets to register records and classify if existing or not including, redundant assets, obsolete assets etc
• Investigate and initiate process for obsolete assets to be disposed of or written off.

Fixed Assets Reconciliation

• Manage end to end the Asset reconciliation process and reconcile with system.
• Complete the Fixed asset movement schedule as the summary of the reconciliation by class of asset.