Purpose of Job

• Actively lead & manage the projects and fixed asset accounting and related activities of SA Chemicals to ensure effective, accurate, and timely reporting to internal stakeholders.
• Ensure the integrity of all capital & fixed assets accounting and financial reporting for capital projects and fixed assets SA Chemicals (budget, forecast and actuals).
• Ensure projects & fixed assets tax management.
• Ensure compliance to company projects & fixed asset policies, accounting standards and adherence to all governance requirements.

Key Accountabilities

• Effectively lead and manage the SA Chemicals Fixed asset & projects accounting team and related activities of SA Chemicals.
• Ensure completeness and accuracy of information on fixed assets and projects to enable decision making.
• Ensure accurate Group and SSA Interest Capitalisation that relates to Sasolburg Operations.
• Ensure accurate and timely inputs into the integrated value chain (IVC) impairment process for Sasolburg Operations areas.
• Guide, evaluation, control, and reporting of all financial fixed asset and projects for SA Chemicals (monthly, forecast, budget and statutory period ends).
• Ensure monthly project follow up & timely capitalisation of projects that reached beneficial operations.
• Ensure proper governance within area of responsibility (SOX, internal controls, adherence to policies and procedures and international financial reporting standards (IFRS))
• Review and approve SA Chemicals journal entries and general ledger reconciliations.
• Attend monthly Capital Steering Committee (CSC).
• Verify that operating costs of projects are not capitalised.
• Examine accuracy of tax keys and classifying tax allowances into categories (e.g. R&D, wear and tear).
• Coordinate verifications of SA Chemicals asset every two years and confirm that results are processed in assets registers.
• Inspect and manage assets with zero value that are still in use, in collaboration with operations managers.
• Liaison with Sasol Insurance Services and updating of net replacement values (NRV) of assets.
• Scrutinise the accuracy of data used for rolling capital plans.
• Analyse & report monthly forecasted rolling project cashflows for SA Chemicals.
• Resolve queries of operations managers, business development and management accountants.
• Review and sign-off on SA Chemicals capital commitments.
• Review Quarterly reconciliation of Precious metals and tax recon: Sasolburg and SCO
• Manage team performance and development formally and informally based on standard practices in use across Sasol Group.
• Identify and activate learning as required based on individual and collective needs.

Formal Education

• Completed B.Com / BTech Accounting with 8 years relevant experience and articles

Min Experience

• 9+ relevant years
• Experience in the projects and assets accounting environment (operational ideal).

Certification

• CA(SA) will be advantageous