Accountant-Fixed Assets – 25 June

To apply, click on the link at the end of the posts and all the best with your applications

DIVISION: CFO DEPARTMENT: Finance
POST: Accountant-Fixed Assets POST Nº: 0007
PEROMNES GRADE: 08

JOB DESCRIPTION:

The Vaal University of Technology (VUT) invites applications from suitably qualified and
experienced candidates for the position of Accountant (Assets) within the Finance
Department.

Key performance areas include but are not limited to:

• Check the Fixed Asset Register monthly, ensuring all additions, disposals, and
  transfers are accurately processed and reconciled with the General Ledger.
• Process new intangible asset transactions, calculate amortisation and ensure that
  International Financial Reporting Standard (IFRS) 16 right-of-use assets are recorded
  correctly.
• Calculate and post monthly depreciation and amortisation and prepare reconciliations
  by asset category.
• Track WIP balances, liaise with Projects and Services to identify completed projects
  ready for capitalisation, and submit details to the Senior Accountant.
• Assist in annual impairment assessments, useful life reviews, and residual value
  reassessments in collaboration with the Senior Accountant.
• Assist with the management of insurance claims, ensure the timely submission of
  supporting documents to the insurance broker, prepare monthly reports on
  insurance related matters, and support annual insurance renewals and the
  completion of underwriting questionnaires.
• Prepare and reconcile all VUT cell phone contracts monthly, and compile reports for
  submission to the Senior Accountant.
• Participate in capital budget planning, prepare expenditure tracking reports and
  highlight variances.
• Supervise and participate in physical verification of assets, including intangible and
  right-of-use assets and ensure compliance with IFRS and VUT policies.
• Prepare journals for additions, disposals, transfers, impairments and other assetrelated transactions.
• Perform general administrative duties and other responsibilities assigned by the
  Senior Accountant or Line Manager.
• Guide and supervise the Assistant Accountant and asset controllers, allocate tasks,
  provide training, and ensure deadlines are met.

APPLICATION CRITERIA:

Qualifications and Experience:

• BCom Degree in Accounting or Advanced Diploma/B -Tech in Accounting, Cost
  Management Accounting or Auditing.
• At least 5 years’ relevant experience in fixed asset accounting.
• Working experience in advanced Excel. Experience with Integrated Tertiary Software
  (ITS) will be an added advantage.
• Experience in supervising people and teams will be an added advantage.
• Experience within a higher education institution will be an added advantage.
• Sound knowledge of IFRS

Skills:

• Strong attention to detail and sound analytical skills.
• Good communication and interpersonal skills, and the ability to work effectively in a
  team environment.
• Problem solving skills, customer service excellence, and the ability to handle multiple tasks simultaneously with a sense of priority.

CLOSING DATE FOR APPLICATIONS: 10 JULY 2026

Application requirements:

1. A fully completed prescribed application form which can be obtained from
   www.vut.ac.za
2. A detailed curriculum vitae (explicitly stating relevant experience or knowledge in
   the fields mentioned above)
3. Certified copies of all certificates or degrees
4. A certified copy of your South African identity document
5. Current contact details of referees
6. Applications must be emailed to recruitment4@vut.ac.za. Please quote the post
   reference and post description in the subject line.
7. No manual applications will be accepted. Incomplete applications, or applications
   submitted without the application form and required supporting documents, will be
   disregarded.
8. Only applications submitted using the official VUT application for employment form
   will be considered.
9. Correspondence will only be entered into with shortlisted candidates. If you do not
   hear from VUT within 3 months of the closing date, please regard your application
   as unsuccessful.

NB: Applicants who have previously applied need to re-apply.

Please Note

• By submitting your application, you consent to VUT verifying your
  qualifications and sharing your personal information with the selection panel
  and other authorised persons involved in the recruitment process. Candidates
  with foreign qualifications must submit a South African Qualifications
  Authority (SAQA) certificate of evaluation. VUT is an equal opportunity and
  affirmative action employer. In compliance with the Employment Equity Act
  No. 55 of 1998 (as amended), and in line with its Employment Equity Plan and
  Recruitment Policy, preference will be given to suitably qualified candidates
  from designated groups, specifically Africans, Coloureds, Indians, women,
  and persons with disabilities.
• VUT reserves the right not to make an appointment

We wish you all the best with your applications