Asset Accountant

Achieve Group Australia are seeking an experienced Asset Accountant for a 6-month fixed term, full-time position at the Port of Townsville.
About the Role
The Asset Accountant will be responsible for managing and maintaining accurate records of the Port's assets. The primary focus of this position will be on tracking, analysing, and reporting the financial information related to tangible and intangible assets. The Asset Accountant will collaborate with various departments to ensure compliance with accounting principles, internal controls, and company policies. Attention to detail, analytical skills, and understanding of accounting practices will be crucial in accurately valuing and recording assets.
Responsibilities of the Role

• Develop and implement procedures for the acquisition, verification, tagging, and disposal of company assets.
• Maintain comprehensive asset registers and ensure accurate recording of asset details, such as cost, depreciation, and useful life.
• Calculate and record depreciation and amortisation expenses for assets based on appropriate accounting methods (e.g., straight-line, accelerated). Monitor and analyse asset impairment indicators, ensuring timely recognition and reporting in compliance with accounting standards.
• Conduct relevant asset valuations in accordance with policies and accounting standards.
• Prepare periodic financial statements, including balance sheets, income statements, and cash flow statements, with a focus on asset-related accounts. Provide accurate and timely information to support audits, tax filings, and other regulatory requirements.
• Assess and provide reports on key financial metrics (eg. Replacement Asset Value (RAV), Asset Sustainability Ratio).
• Conduct regular asset reconciliations, comparing physical asset counts with recorded data. Investigate and resolve any discrepancies or issues promptly. Perform periodic analysis of asset utilisation, performance, and obsolescence, providing insights to support decision-making.
• Record asset-related transactions, such as acquisitions, disposals, transfers, and retirements accurately and in a timely manner. Collaborate with cross-functional teams, including procurement and operations, to ensure proper classification and documentation of asset-related activities.
• Collaborate with relevant departments to forecast asset acquisitions and disposals for input into the Port's annual budget process.
• Maintain and enhance internal control procedures related to asset accounting. Ensure adherence to accounting policies, industry regulations, and relevant accounting standards (e.g., IFRS, GAAP). Support internal and external audits by providing necessary documentation and explanations.
• Continuously evaluate and streamline asset accounting processes to enhance efficiency and accuracy. Identify opportunities for system automation and work closely with IT teams to implement improvements. Stay updated on emerging trends and best practices in asset accounting.
• Comply with all relevant legislation, codes of practice and standards.
• Perform any other duties as allocated by Manager Financial Services.
• Participate in port emergency responses and associated training, as directed to assist with successful restoration of the Port back to an operating capacity in the event of an emergency.
• Contribute to the Port's strategic plans including the Statement of Corporate Intent, Corporate Plan and Port Vision 2050.
• Ensure appropriate health and safety, environmental management, quality, and information security practices are implemented for all works to comply with the Port's policies and relevant legislation.
• Comply with all relevant legislation, codes of practice and standards.
• Promote a Zero Harm culture and continual improvement in our Health and Safety management and performance.

Essential Criteria
Qualifications/tickets/licences

• Degree qualification in accounting, commerce, or equivalent discipline
• Professional certifications (e.g., CPA, CA) are desirable.
• Current Queensland C class Driver's Licence
• National police check

Skills and experience

• Proven experience as a Financial Accountant or in a similar role, demonstrating a strong understanding of asset accounting principles and practices.
• Knowledge of the Australian Accounting Standards as they relate to Asset Management and Accounting
• Strong analytical and problem-solving skills, with meticulous attention to detail.
• Excellent written and verbal communication skills, with the ability to effectively collaborate with cross- functional teams.
• Strong organizational and time management abilities, with the capacity to prioritize tasks and meet deadlines.
• Ability to adapt to changing priorities and work effectively in a dynamic, fast-paced environment.
• Familiarity with tax regulations and compliance requirements related to asset accounting is desirable.

Software/Systems skills

• Advanced skills in Microsoft Office suite.
• Demonstrated experience in using accounting software and enterprise resource planning (ERP) systems. Experience with asset management software is a plus.

How to Apply
If you would like to apply for this position, please click on the link and upload the following documentation:

• Resume (in Microsoft Word format)
• Drivers Licence
• Qualifications and Certifications
• National Police Check