Senior Capital Accountant - Financial Controls & ComplianceOur 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 frameworkDevelop and perform testing of financial controls across capital expenditure and assetsReview Assets Under Construction and identify aged, inactive or potentially misclassified assetsAnalyse capital expenditure and assess whether costs meet relevant capitalisation criteriaSupport the appropriate transfer of completed assets to the fixed asset registerIdentify control gaps,



process weaknesses and areas of financial or compliance riskUndertake sample-based testing across a large asset portfolioWork with business areas to investigate and resolve identified issuesSupport the implementation and operationalisation of updated capital policies and proceduresDevelop practical processes and controls that can be embedded across the businessProvide analysis, recommendations and reporting to senior finance stakeholdersSupport internal audit preparation and remediation activitiesBuild strong relationships with finance and operational stakeholders to improve capital accounting practicesSkills and Experience:Robust financial accounting experience with a focus on capital accountingDemonstrated experience working with Assets Under Construction (AUC)Robust understanding of AASB 116 – Property, Plant and Equipment and capitalisation principlesExperience developing, implementing or testing financial controls and compliance frameworksStrong analytical skills and ability to apply a risk-based approach to testing and reviewExperience working with large asset portfolios or complex capital programsAbility to analyse financial information, identify anomalies and determine appropriate areas for further investigationStrong stakeholder management skills, with the ability to work with business areas to address control issues and improve processesExcellent communication and documentation skillsAbility to work independently and contribute to establishing processes within a developing/greenfield functionNSW Government or broader public sector experience highly regardedInternal audit, external audit or audit-office experience highly regardedExperience within construction, infrastructure, property or large capital works environments advantageousKeywords: 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