Job Summary

• Manage and maintain DCP’s fixed asset records/ register and ensure proper accounting for fixed assets at the plant, in compliance with DCP’s fixed assets policies.

Key Duties and Responsibilities

• Review CAPEX purchase requisitions and ensure accurate upload of all fixed assets in the fixed asset register.
• Calculate and record depreciation for all fixed assets in accordance with IFRS and DCP’s depreciation policies.
• Review, interpret and apply fixed assets policies to fixed asset transactions at the plant including purchase, valuation, revaluation, accruals and disposal.
• Reconcile the fixed asset sub-ledger to the general ledger on a periodic basis.
• Ensure supporting plant fixed assets records and schedules are sufficient to meet audit/regulatory requirements.
• Coordinate all fixed asset purchases with the various departments and collate updates on new additions on a monthly basis
• Ensure all new assets are properly labelled and set up in the fixed asset register and individual asset account.
• Periodically reconcile and coordinate physical stock taking of fixed assets to ensure proper location and existence of all fixed assets.
• Ensure accurate entries for all fixed assets acquisition, disposal/movements and depreciation.
• Manage the activities involved in the disposal of fully depreciated, obsolete or damaged assets.
• Participate in month-end financial closing procedures
• Prepare the year-end fixed asset/depreciation schedules for annual audit/review.
• Assist in the development of fixed asset management processes, policies & procedures.
• Perform any other duties as may be assigned.