Senior Financial Officer

Description

Short term role to assist with clearing backlogs across the Asset Accounting by effectively managing Asset Accounting (FI-AA), Project Systems (PS), and Inventory Management (MM-IM) in SAP EHP8 for SAP ERP 6.0 Service Pack 22. Settle existing backlogs in Asset under Construction on balance sheet. Clear and review purpose and use of WBS projects with recommendation.

Recommend high level people and process improvements ahead of S4 implementation with possible training. Assist with reporting and controls ahead of year end audit. Formulation of a Fixed Asset Policy. Maintain and manage Asset master data.

Key Responsibilities

• Asset Master Data Management
• Create, amend, block, and retire asset master records
• Review asset classes
• Maintain and manage Asset master data
• Manage capitalization dates and useful lives
• Asset Transaction Processing
• Process asset acquisitions
• Capitalize projects and assets under construction (AUC)
• Execute asset transfers between cost centres, plants, and company codes
• Process asset disposals, scrapping, and retirements
• Account for asset impairments and revaluations
• Depreciation Management
• Monitor depreciation runs
• Validate depreciation postings
• Resolve depreciation calculation errors
• Support year-end asset valuation activities
• Financial Control & Reporting
• Reconcile FI-AA with General Ledger
• Prepare fixed asset registers
• Produce audit schedules and supporting documentation
• Support IFRS/GAAP asset reporting requirements
• SAP Project Systems
• Project Master Data Administration
• Create and maintain:
• o Project Definitions
• o Work Breakdown Structures (WBS)
• o Networks
• o Activities
• o Components
• Project Cost Management
• Create project budgets
• Monitor budget consumption
• Track commitments and actual costs
• Manage cost allocations and settlements
• Perform variance analysis

Qualifications & Experience Required

• Bachelor's or Honours degree in Finance, Accounting, or a related field.
• Minimum of 5 years of experience in financial management or analysis.
• Strong knowledge of financial regulations and compliance.
• Proficiency in financial software and ERP systems.
• Exceptional analytical and problem-solving skills.
• Excellent communication and leadership abilities.

Required Skills

• Strategic Financial Planning
• Risk Management
• Financial Modeling
• Cash Flow Management
• Regulatory Compliance
• Asset Accounting
• Project Systems
• SAP EHP8
• Inventory Management
• Financial Reporting