Fixed Asset Accounting Role

Key Responsibilities

Fixed Asset Management:

- Manage the entire fixed asset lifecycle, including capitalization, depreciation, transfers, disposals, and revaluations.

- Ensure accurate and timely recording of all fixed asset additions, retirements, and transfers in the Fixed Asset Register and accounting system.

- Reconcile fixed asset sub-ledgers to the general ledger on a regular basis, investigating and resolving any discrepancies.

Depreciation & Reporting:

- Calculate and post monthly, quarterly, and annual depreciation and amortization expenses in accordance with company policies and accounting standards (e.g., Ind AS/IFRS/US GAAP).

- Prepare detailed fixed asset reports, including depreciation schedules, asset listings, and roll- forwards for management review and financial statement preparation.

Compliance & Audit:

- Ensure compliance with relevant accounting standards, tax regulations, and internal control policies related to fixed assets.

- Prepare documentation and provide support for internal and external audits, responding to auditor inquiries related to fixed assets.

Process Improvement & Projects:

- Identify opportunities for process improvements within fixed asset accounting and contribute to the automation and optimization of related workflows.

- Participate in special projects related to fixed assets, such as system implementations, asset tagging initiatives, or policy reviews.

Collaboration:

- Collaborate effectively with various departments, including Procurement, Projects, Operations, and IT, to ensure accurate and timely flow of fixed asset information.

- Assist in developing and updating fixed asset policies and procedures.

Required Skills & Qualifications

- Educational Background: Bachelor's degree in Commerce, Accounting, or Finance. A professional qualification (e.g., CA,CMA ) is highly preferred.

- Experience: 5-9 years of progressive experience in Fixed Asset Accounting within a reputable organization.

- Accounting Standards: Strong understanding of Indian Accounting Standards (Ind AS) or IFRS/US GAAP related to fixed assets.

- Software Proficiency: Hands-on experience with ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) for fixed asset modules is mandatory. Proficiency in MS Excel (advanced functions) is essential.

- Analytical Skills: Excellent analytical, problem-solving, and reconciliation skills with meticulous attention to detail.

- Communication: Strong written and verbal communication skills, with the ability to articulate financial information clearly.

- Compliance Orientation: Demonstrated ability to ensure compliance with financial regulations and internal controls.

- Proactive: Self-motivated, organized, and capable of managing multiple tasks and meeting deadlines in a fast-paced environment.