This combined role is responsible for:
- Stocks ensuring proper stock accounting and valuation
- Fixed Assets - ensuring the correctness and accuracy of all transactions booked in the company fixed assets register (capitalizations, depreciations and disposals) in accordance with both local tax and accounting rules amp; Group standards and policies, implement robust financial controls for the fixed assets processes, ensure compliance with VE finance controls manual in addition to efficient follow up and clean-up of AUC/WIP report.
- Accomplishes tasks with particular emphasis on customer service and seeks to add value for the company. This requires working with Business and external parties including external consultants, external auditors, fiscal authorities etc.
Principal Accountabilities:
Stocks:
- Monitor Stock reports and GL balances to ensure full integrity
- Monitor daily the Stock Module costing system to ensure correct cost is reflected in system
- Process inventory cost changes as and when necessary
- Review gains and losses to ensure that Gain/Losses are within tolerance and are approved as per MoA
- Prepare monthly stock reconciliations: 3rd party depots, sales and purchases, Group reports
- Prepare and process Journal Entries to ensure completeness and accuracy of accounting data
- Prepare monthly balance sheet reconciliations for the Stock accounts
- Update and maintain sales price in system
- Regularly review the Margin projections/analysis
- Perform monthly stock count
Fixed Assets:
- Ensure compliance with local amp; Group accounting standards, tax rules and principles for the processing of all fixed assets transactions: Capitalizations, Depreciations amp; Disposals.
- Run monthly depreciation on the last working day
- Complete the month end closing activities related to FA module within the deadline: WD2.
- Perform the monthly work in progress analysis and clean up to ensure on time capitalization.
- Complete the reconciliation FA to GL on monthly basis
- Complete the fixed assets disclosures for the Group reporting pack.
- Deal with Group amp; all class of businesses for requests related to fixed assets.
- Initiate and complete asset verifications in coordination with the focal points with on time booking of the necessary adjustments in compliance with local procedures and manual of authorities.
- Reinforce and enhance the financial controls in relation to fixed assets
General:
- Ensuring that all financial data and records is safely and securely stored and archived so that the requirements of the auditors and fiscal and other authorities can be met.
- Promoting at all times the Vivo Energy culture
- Acting at all times in accordance with the Vivo Energy Business Principles, values and the Group's policies on health, safety and the environment with specific responsibility for security, safety and occupational health within the department.
Key Challenges:
- Juggling in between Stocks and Fixed Assets accountant roles
- This role will include extensive interaction with internal customers, clearing agent and RRA who should be dealt with in a professional manner at all times.
- The Stocks amp; Fixed Assets accountant plays a key role in the controlling department, by ensuring the correctness, completeness and integrity of balances through a good processing of transactions in compliance with local tax and accounting standards and group standards and policies in addition to implementation of solid financial controls
- Timely response to business information requirements
- Meet challenging deadlines for GL closure
- A good knowledge of SAP
Requirements
Job Knowledge, Skills amp; Experiences:
- Bachelor’s degree in finance, Accounting, economics, or similar disciplines.
- Qualified Accountant (CPA, ACCA, or similar qualifications).
- 4 years progressive experience in a similar role (responsibilities). Experience in Stocks functions will be an advantage
- Some commercial sense and understanding of Stocks
- Strong knowledge of ERP systems, preferably SAP
- Well organized and able to manage competing priorities
- Strong analytical skills and ability to work independently
- Good communications and inter-personal skills
- Good team player with a flexible approach
- Customer focused
- Pays close attention to detail
CompetenceLevel
- Data Analysis Techniques Awareness
- Communications and interaction with stakeholders Skill
- Team Working Skill
- Delivers Results Skill