Fixed Assets Accountant

Company Description

Liberty Oil Australia has a proud history of a truly independent fuel retail and distribution in Australia. We operate a regional network of fuel depots and distribute billions of litres of fuel a year, making Liberty one of the largest wholesalers operating across Australia.

The company strives to give the best service, the most reliable supply and the best deal for their customers. Given our history, we know the Australian fuel industry well. Our long-term players are proud of their flexibility, their agility and their ability to do whatever it takes to provide the most competitive and most reliable fuel supply to their customers across the country.

Whilst Liberty Oil is owned by Viva Energy Australia, one of Australia’s leading energy companies, it remains at its core an independent wholesale subsidiary with the advantage of being able to obtain support from the broader Viva Energy network.

Job Description

The Fixed Asset Accountant is responsible for managing the full lifecycle of the company’s fixed assets - particularly those critical to fuel operations such as storage facilities, transport fleet, retail equipment, and terminal infrastructure. This role ensures accurate capitalisation, depreciation, impairment assessment, and disposal accounting in accordance with relevant accounting standards and internal policies. It also supports operational teams by providing clear asset reporting, maintaining strong internal controls, and safeguarding the integrity of asset-related financial data critical in the management of capital.

Responsibilities Include:

Asset Lifecycle Management - Oversee acquisition, capitalisation, depreciation, impairment, and disposal of fixed assets.

Fixed Asset Register - Maintain an accurate, audit‑ready register for all operational and infrastructure assets.

Capital Expenditure Review - Ensure Capex aligns with budget, project plans, accounting standards and company policy.

Depreciation Accounting - Calculate and post depreciation for diverse asset classes.

Audit Support - Prepare schedules, documentation, and reconciliations for internal and external audits.

Regulatory Compliance - Ensure asset accounting complies with industry‑specific safety, environmental, and financial regulations.

Cross‑Functional Collaboration - Partner with operations, engineering, procurement, and finance teams to validate asset data and support strategic decisions.

Equipment management: Review equipment rental and sales agreements and ensure approved assets are appropriately capitalised and charged to customers.

Repairs and Maintenance: Review property and fleet repairs and maintenance costs to determine whether costs should be capitalised or expensed and are within the expenditure budget and policy.

Clearing account management: Monitor the fixed assets clearing account and follow up on items pending capitalisation.

Tax Compliance: Track and review assets and expenditure in line with tax legislation and FBT specific to motor vehicle expenditure.

Hire Purchase and Lease agreements: Maintain and reconcile the Hire Purchase schedule including additions and monthly journals with relevant accounting standards.

Fleet expenditure: Process EOM journals for motor vehicle registrations, insurance, and related costs.

Qualifications

Bachelor degree in Accounting, Finance or related field

CPA/CA qualified or working toward accreditation

Minimum 1-2 years experienced in fixed asset or financial accounting

Experience in fuel, energy, utilities or capital intensive industries (preferred)

Strong understanding of useful lives, depreciation rules (tax and accounting) and impairment

Ability to apply accounting standards to Capex V Opex decisions

Ability to reconcile sub-ledgers, general ledger, and project accounts

Experience preparing audit schedules and responding to queries

High attention to detail with strong data validation skills

Clear communication with operations, procurement and finance

Ability to investigate discrepancies and propose corrective actions

Strong commitment to internal controls and accurate financial reporting.

Strong communication skills with experience operations and project managers

Ability to maintain accurate records with high attention to detail.

Understanding of vehicle serving schedules, maintenance coordination and truck movement processes

Willingness to step in across multiple operational areas, assist and support finance, asset and fleet managers as needed.

Additional Information

This is an excellent opportunity to work for a market leading and growing Oil Company. Benefits to you include:

Work for an inclusive organisation that respects and promotes diversity.

Flexible working environment.

Be part of a growing company with a clear purpose and strategy

CA/CPA membership fees will be reimbursed for existing members.

Financial Support for CA/CPA program available to eligible employees upon successful completion of probation and subject to performance review.

We welcome applicants from diverse backgrounds, Aboriginal and Torres Strait Islander people are encouraged to apply.