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SOUTH AFRICAN BROADCASTING CORPORATION (SABC)
 
POSITION: FINANCIAL MANAGER: FIXED ASSETS
DIVISION: GROUP FINANCE  
REPORT LINE: GENERAL MANAGER: FINANCE 
POSITION ID: 60014209
SCALE CODE: 125
 
MAIN PURPOSE OF POSITION
To ensure effective, complete and accurate accounting for SABC property plant and equipment, investment properties and intangible assets - computer software (collectively known as fixed assets) in compliance with legislative and regulatory frameworks.

 
KEY ACCOUNTABILITIES
  • Provide input on internal business review analysis to guide strategic input and development.
  • Provide input on strategic direction to the business in outline current and future financial objectives.
  • Review and Report on the achievement of business units objectives.
  • Proactively provide financial advice and support to in order to ensure strategic business objectives are achieved.
  • Preparation of monthly; interim; and year-end financial results and reports in respect of tangible, Intangibles assets, Capital work in Progress, Leased assets and Government grant.
  • Assist in the preparation of the Financial Statement by preparing Property, plant and equipment, leased assets, Capital work in Progress, capital commitment and Government Grant disclosure note.
  • Conduct and or manage fixed assets verification as per the company policies and ensure that the fixed asset register is updated accordingly.
  • Prepare monthly journals relating to tangible, Intangibles assets, government funded assets, Capital work in Progress and leased assets.
  • Prepares monthly reconciliation between the fixed asset register and company financial system(s) and follow-up on reconciling items.
  • Review asset management policies and procedures including impairment and review of asset’s useful lives methodology.
  • Assess and or conduct impairment as required by International Financial Reporting Standards (IFRS).
  • Review residual value and the useful life of an asset as required by International Financial Reporting Standards (IFRS).
  • Review the depreciation and amortization calculation and ensure that depreciation and amortisation of assets begins when it is available for use, i.e. when it is in the location and condition necessary for it to be capable of operating in the manner intended by management.
  • Monitor and coordinate updating of the fixed asset register with any assets movement (transfers and disposal) of assets.
  • Manage, monitor and coordinate disposal of assets to ensure compliance with company’s policies and International Financial Reporting Standards (IFRS) and to ensure that fixed asset register is updated accordingly.
  • Monitor and manage bar coding of assets to ensure that all assets are bar coded as soon as they delivered.
  • Monitor and review the capitalisation (recognition of assets) of all physical (moveable and immoveable) assets in the company financial systems and fixed asset register to ensure compliance with International Financial Reporting Standards (IFRS).
  • Monitor and review the recording of Capital work in Progress assets to ensure that assets are itemised.
  • Monitor and review transfer of assets from Capital work in Progress account to respective asset class to ensure that assets are capitalised as soon as the project is completed (assets are available for use).
  • Write technical consultation on asset related matters on instance where there is uncertainty and Technical differences of opinion between management and auditors.
  • Monitor execution of audits findings (external and internal audit) and address gaps.
  • Liaison with external and internal auditors in matters relating fixed asset, leased assets and government grant.
  • Monitor and report on operational risks and compliance.
  • Implement internal control measures to ensure good governance and compliance.
  • Oversee the management of Operational risks to protect organisational integrity, create value, prevent financial loss and ensure compliance with applicable policies and legislations. 
  • Monitor compliance in line with OHS Act.
  • Monitor execution of internal risk audits and address gaps and provide execution of mitigation strategies.
  • Evaluate all business plans in the context of compliance to the organisational guidelines and policies.
  • Explore and make recommendations on current Operational processes to streamline and improve it for better efficiency and effectiveness.
  • Create and maintain cross functional communication with internal stakeholders.
  • Effective discussion, coaching and communication with all levels of management in order to set proper budgets & forecasts.
  • Contract, set target and manage Performance of the team in accordance with the Performance Management policy. 
  • Effective management of Employment Relations issues within the Business Unit.
  • Manage, direct, guide, motivate and develop the team
  • Ensure effective communication within the department and division and promote effective communication channels.
  • Personnel Development Plans (PDP) for all staff members.
  • Provide direction on the attraction and retention of staff.
  • Ensure the relevant Job profiles are prepared and are available for the Business Unit.
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MINIMUM REQUIREMENTS AND EXPERIENCE
  • B Comm accounting degree or equivalent
  • 6 years’ experience in financial experience within the asset management environment of which 3 years should be Supervisory Level.
 
 KNOWLEDGE:
  • Understanding of financial and asset management principles
  • Understanding of Assets Management Policies 
  • Proven track record in financial reporting and presentation
  • Up-to-date knowledge of IFRS
  • Business planning and complexity theory
  • Budget management and forward scenario planning
  • PFMA and relevant national treasury regulations
  • Strategic management
  • Business acumen
  • Numeric and analytical ability
  • Management information systems
  • Financial accounting standards
  • Scenario planning and Trend analysis
  • Understanding of the different role players within the broadcasting landscape
  • Project management
  • Understanding of applicable legislative frameworks and regulations
 
Closing Date: 15 JUNE 2020