Friday, October 12, 2018

Property, Plant & Equipment Controller Jobs At Transnet, Position Available In Durban

This advert is open for application by external applicants.
Equity Statement :
Transnet and its Operating Divisions (ODs) are committed to the transformation of the
workplace and the constitutional imperatives enshrined in the Employment Equity Act. Transnet will give
preference to suitably qualified applicants who are members of the designated groups defined as Black
people (including African and Coloured Females of all ethnic groups and people living with disabilities
who are citizens of the Republic of South Africa by birth or descent, or become citizens of the Republic of
South Africa by naturalisation; in line with Transnet and its Operating Divisions Employment Equity
Policy and Plan.
Applicants that are interested in applying for any of the advertised positions must apply by registering on the Careers section
of the Transnet Internet.  Please take care in completing all required details on the profile, and then apply for the position.
Alternative Application Methods: (Completed Curriculum Vitae to be submitted)

[email protected]

The closing date is on 23.10.2018.  It is the responsibility of the applicant to ensure that HR has received the application
before the closing date of the advertisement.
Note: if you have not been contacted within 30 days of the closing date of this advertisement please consider your
application as unsuccessful.
Any questions regarding the application or recruitment process should be sent in writing to
[email protected]
We urge all our employees, clients, members of the public and our suppliers to report any kind of fraud or corruption at
Transnet. Call the hotline toll free number: 0800 003 056 or email [email protected]

Operating Division:Transnet Pipelines
Position Title:Property, Plant & Equipment Controller
Employee Group:Permanent
Department:Finance
Location: Durban Central
Reporting To: Manager: Fixed Assets
Grade Level:G
Reference Number :40000989

Position Purpose:
The incumbent is responsible for the administration of the capitalisation of Fixed Assets, Work in progress and maintenance
of the Fixed Asset register to ensure that all company fixed Assets are correctly classified and accounted for.

Position outputs:
Capital Work In Progress
- On receipt of approved documentation from the Project support Administrator, Ensure that all assets shells are approved
and created for all minor projects.
- Create Assets Under Construction Accounts on SAP for all project costs
- Extract project cost report from SAP, summarise and forward to project Support administrator

Capitalisation of Assets
- Review all signed off works order documentation by Project Managers and create an Asset Number which involves
assigning proper descriptions and cost center on SAP
- Determine the life span of  asset for depreciation  purposes as per Transnet Policy
- Liaises with various Project Managers and personnel for clarity on capitalization matters
- Extract capital / asset reports for review by Project Managers and process amendments if necessary

Accounting for Fixed Assets
- Process Depreciation run at month-end and if correct post to General Ledgers on SAP.
- Summarisation of cost/revaluation of assets and depreciation
- Reconciliation of all changes to assets to relevant documentation
- Amend changes to cost centres based on approved requests for transfer of fixed Asset from one depot to another
- Application of IFRS to Fixed Assets
Impairment test in terms of IFRS requirement
- Estimate of Depreciation for budget purposes

Disposal of Fixed Assets
- Receive and verify authorised asset disposal requests and asset transfers to other divisions.
- On finalisation of disposal and transfer, remove asset from Asset Register
- Maintain all documentation regarding disposals and transfers
- Details of proceeds received from sale of assets extracted from bank statement, allocated to particular asset

Revaluation
- Assist the Property Plant and Equipment Manager with the request Asset revaluation proposal from independent external
evaluator
- Liaise with Technical Department regarding any changes /update of assets for use by external valuator
- Control draft report from external valuators for approval by the relevant Managers and distribution of final report thereafter
- Assist the Property Plant and Equipment Manager with the payment to valuator
- Assist the Property Plant and Equipment Manager with the  queries from valuator
- Uploads the annual revaluation adjustment to SAP
- Assist the Property Plant and Equipment Manager with the  quarterly index valuation of assets

Taxation of Fixed Assets
- Maintain Tax (Asset) Register
- Determine life span for calculation of wear and tear
- Accounting for recoupments and scrapping allowances
- Control of repairs and maintenance schedules for SARS
- Maintenance of Fixed Assets Schedule for deferred Tax purposes
- Application of tax requirements on fixed Assets

Other Activities
- Calculates Borrowing Costs on qualifying CAPEX projects
- Raise CAPEX Accruals
- Issue Cash Receipts for all monies received at head office
- Prepare and conduct Assets Verification under the leadership of the Property Plant and Equipment Manager

Qualifications & Experience:
PLEASE NOTE: 
 Transnet, its employees or representatives never ask for a fee from job seekers. Any such requests are fraudulent. Please report any
suspicious activities in this regard to the Transnet anti-fraud line on 0800 003 056.
The incumbent must have a National Higher Diploma in Accounting Qualification and a minimum of three (3) years ’experience with working in an Asset Accounting environment

Knowledge
• Sound experience in PPE accounting
• International Financial Reporting Standards (IFRS)
• Knowledge of tax treatment of assets
• Extensive SAP (version 4.6c or ECC6) accounting process
• Transnet accounting policies
• An understanding of Internal controls and implementation of control improvements
• Auditing Process
•This position will be filled as per Transnet Pipelines’ Employment Equity Plan.

Competencies:
• Pro-active
• Confident
• Energetic
• Organised
• Dynamic
• Business awareness
• Responsible and reliable
• Deadline orientated

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