Senior Capital Accountant - Financial Controls & Compliance
Our client is a large NSW Government organisation with a significant capital asset portfolio and complex operational environment.
As part of a recent finance restructure, a newly established Capital Services function is strengthening its approach to capital accounting, financial controls, compliance and governance.
Role Description:
This role will join a small Capital Services team and provide additional support as the function develops and implements new capital accounting controls and compliance processes.
The role will have a particular focus on
Assets Under Construction (AUC)
, including reviewing aged assets, identifying potential accounting and control issues, supporting appropriate capitalisation and helping improve processes for transferring completed assets to the fixed asset register.
Working closely with finance and business stakeholders, you will help establish a practical, risk-based approach to financial controls and testing across a large capital asset portfolio.
This is a hands‐on role suited to someone who can work independently, analyse complex information, identify risks and work constructively with the business to improve compliance and financial control processes.
Responsibilities:
Support the development and implementation of a risk-based capital accounting control framework
Develop and perform testing of financial controls across capital expenditure and assets
Review Assets Under Construction and identify aged, inactive or potentially misclassified assets
Analyse capital expenditure and assess whether costs meet relevant capitalisation criteria
Support the appropriate transfer of completed assets to the fixed asset register
Identify control gaps, process weaknesses and areas of financial or compliance risk
Undertake sample-based testing across a large asset portfolio
Work with business areas to investigate and resolve identified issues




Support the implementation and operationalisation of updated capital policies and procedures
Develop practical processes and controls that can be embedded across the business
Provide analysis, recommendations and reporting to senior finance stakeholders
Support internal audit preparation and remediation activities
Build strong relationships with finance and operational stakeholders to improve capital accounting practices
Skills and Experience:
Robust financial accounting experience with a focus on
capital accounting
Demonstrated experience working with
Assets Under Construction (AUC)
Strong understanding of
AASB 116 – Property, Plant and Equipment
and capitalisation principles
Experience developing, implementing or testing
financial controls and compliance frameworks
Strong analytical skills and ability to apply a
risk-based approach
to testing and review
Experience working with large asset portfolios or complex capital programs
Ability to analyse financial information, identify anomalies and determine appropriate areas for further investigation
Strong stakeholder management skills, with the ability to work with business areas to address control issues and improve processes
Excellent communication and documentation skills
Ability to work independently and contribute to establishing processes within a developing/greenfield function
NSW Government or broader public sector experience highly regarded
Internal audit, external audit or audit-office experience highly regarded
Experience within construction, infrastructure, property or large capital works environments advantageous
Keywords: Senior Accountant, Senior Capital Accountant, Capital Accounting, Financial Accounting, Assets Under Construction, AUC, Financial Controls, Internal Controls, Compliance, Governance, Capital Expenditure, Capitalisation, AASB 116, Property Plant and Equipment, PP&E;, Audit, Internal Audit, Risk, Financial Compliance, Asset Accounting, Fixed Asset Register, NSW Government
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📌 Senior Capital Accountant - Financial Controls & Compliance (Sydney)
🏢 AAR Consulting Group
📍 Sydney