Asset Accountant

• Join our dynamic and rapidly expanding team as we embark on an exciting journey of organisational growth and innovation, working towards our vision of becoming Australia's Port for the Future.
• Work on meaningful initiatives that will help create prosperity for the North Queensland's communities.
• Enjoy an environment that provides attractive benefits including flexibility, true work-life balance and generous opportunities for professional development.

About the Port

The Port of Townsville Limited (the Port) has been actively shaping the future of Townsville and North Queensland for 160 years.

Today, we are Australia's largest port for zinc, lead, copper, sugar and fertiliser. Additionally, we handle more motor vehicles and containerised goods than any other port in Northern Australia. The goods that flow through our ports are grown, mined, manufactured and used to better the lives of more than 800,000 people across a vast catchment area, spanning from Hinchinbrook to the Burdekin and west to Mount Isa.

On average, more than 8 million tonnes of goods, worth more than $10 billion, cross our wharves each year. Thanks to our customers, we are one of the country's most diverse ports, linking more than 30 different commodities to 130 ports in 44 countries.

The Townsville port is also an increasingly strategic forward mounting location in Australia's Defence capabilities, as well as an important tourism enabler due to its modern dedicated cruise ship terminal.

Working with us

The Port of Townsville is expanding its team of passionate and innovative professionals as we undergo a period of significant and sustainable growth.

We are currently undertaking the biggest port expansion in our history, trade volumes are expected to triple by 2050 as new projects in rare earth, critical minerals and renewable energy come to realisation and demand for Defence and cruise shipping capacity is rapidly increasing.

In the coming years we will be challenged to continue to deliver highly competitive day to day port operations, drive improvements in sustainability across all areas of the business and deliver major capital works projects that will ensure our capacity to facilitate the trade demands of the future.

We are currently looking for exceptional talent to join our team as we embark on this journey. Are you a proactive and ambitious individual with a passion for making a real impact? This is your chance to be part of a collaborative and forward-thinking environment where your ideas and contributions will be valued.

The Port provides a supportive workplace culture that is committed to improving diversity and fostering inclusivity. With a strong focus on nurturing growth and continuous learning, you'll have the resources and guidance to excel in your role and beyond.

About the role and you

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.

Experience you'll need

To be successful in the role, you will be required to:

• 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
• Support the implementation and development of the ISO55000 asset management system to effectively manage organisational assets over their life cycles to enhance realised value

For a more comprehensive understanding of the position's requirements, please refer to the Position Description available on our website.

Application process

• Click apply and follow the prompts
• Attach your current resume and a cover letter to your application
• Applications close 11pm Sunday, 8 June 2025

For enquiries, please contact ***************@townsville-, noting that applications must be submitted via our recruitment site - email applications will not be accepted.

At the Port of Townsville, we value and celebrate the diversity of our community and recognise that it enriches our workplace. We strongly encourage applicants from all backgrounds to come forward, confident that you will be met with respect and consideration. We are committed to ensuring our working environment is safe and welcoming.

If you are an applicant who faces challenges due to cultural barriers or disabilities, please know that we are here to support you throughout the application process. We strive to create a welcoming and accessible recruitment experience for all candidates, and we encourage you to approach us if you require any assistance or accommodations.

Together, let's build a workforce that thrives on inclusivity and embraces the strengths that everyone brings to our team.