Job Description
Senior Capital Accountant - Financial Controls & Compliance n
Our client is a large NSW Government organisation with a significant capital asset portfolio and complex operational environment.
n 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:
n 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.
n 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.
n 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.
n 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.
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Responsibilities:
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Support the development and implementation of a risk-based capital accounting control framework
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Develop and perform testing of financial controls across capital expenditure and assets
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Review Assets Under Construction and identify aged, inactive or potentially misclassified assets
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Analyse capital expenditure and assess whether costs meet relevant capitalisation criteria
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Support the appropriate transfer of completed assets to the fixed asset register
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Identify control gaps, process weaknesses and areas of financial or compliance risk
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Undertake sample-based testing across a large asset portfolio
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Work with business areas to investigate and resolve identified issues
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Support the implementation and operationalisation of updated capital policies and procedures
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Develop practical processes and controls that can be embedded across the business
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Provide analysis, recommendations and reporting to senior finance stakeholders
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Support internal audit preparation and remediation activities
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Build strong relationships with finance and operational stakeholders to improve capital accounting practices
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Skills and Experience:
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Strong financial accounting experience with a focus on
capital accounting
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Demonstrated experience working with
Assets Under Construction (AUC)
n
Strong understanding of
AASB 116 – Property, Plant and Equipment
and capitalisation principles
n
Experience developing, implementing or testing
financial controls and compliance frameworks
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Strong analytical skills and ability to apply a
risk-based approach
to testing and review
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Experience working with large asset portfolios or complex capital programs
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Ability to analyse financial information, identify anomalies and determine appropriate areas for further investigation
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Solid stakeholder management skills, with the ability to work with business areas to address control issues and improve processes
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Excellent communication and documentation skills
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Ability to work independently and contribute to establishing processes within a
developing/greenfield
function
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NSW Government or broader public sector experience highly regarded
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Internal audit, external audit or audit-office experience highly regarded
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Experience within construction, infrastructure, property or large capital works environments advantageous
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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