Manager - CAPEX Controller - CA

Manager Capex Controller | CA | QSR

Description:

About Company: One of the leading global restaurant chains

Job Description:

1. Capex Budgeting & Planning:

- Track approved vs. actual spend and highlight cost overruns or delays.

- Partner with Project and Operations teams to forecast Capex phasing and cash flow requirements.

2. Capex Control & Monitoring:

- Review and control end-to-end Capex spend, from purchase order to capitalization.

- Ensure each project adheres to approved budgets

- Review vendor invoices, GRNs, and project closure documents to ensure compliance with internal controls.

- Maintain project-wise, store-wise, and category-wise Capex utilization reports.

3. Accounting & Compliance:

- Ensure correct accounting treatment as per Ind AS 16 / IFRS for capitalization and CWIP.

- Drive timely capitalization of completed projects and maintain asset registers.

- Support statutory, internal, and management audits related to Capex and fixed assets.

- Implement Capex approval hierarchy and documentation in line with corporate policy.

4. Preparation and Review of Fixed Asset Register (FAR):

- Maintain and periodically update a comprehensive Fixed Asset Register for all business units (stores, warehouses, offices, and IT assets).

- Ensure proper classification, tagging, location mapping, and depreciation of assets as per company policy.

- Coordinate with Projects, Admin, and Store teams to reconcile physical assets with the FAR at regular intervals.

- Review asset disposals, transfers, impairments, and write-offs to ensure proper accounting treatment and documentation.

- Drive automation and ERP integration of the FAR for real-time visibility and control.

5. Insurance & Risk Management:

- Manage insurance coverage for all fixed assets (stores, warehouses, head office, IT infrastructure).

- Ensure assets are adequately insured against fire, theft, natural calamities, and other business risks.

- Coordinate with brokers and insurers for policy renewals, endorsements, and claims settlements.

- Maintain insurance schedules, premium trackers, and claims MIS.

- Liaise with Risk, Legal, and Admin teams to ensure compliance with company risk management framework.

- Conduct periodic risk assessment of physical assets and recommend preventive measures.

6. Reporting & MIS:

- Prepare monthly Capex MIS, highlighting actual vs. budget, committed vs. uncommitted spend, and CWIP movement.

- Publish store/project-wise dashboards for management review.

- Present insurance coverage adequacy and claim status to management quarterly.

7. Governance & Process Improvement:

- Standardize Capex and insurance processes across regions and store formats.

- Strengthen internal controls and documentation around Capex approvals and insurance claims.

- Automate Capex and fixed-asset tracking through ERP / BI tools (SAP / Oracle / Power BI). Partner with cross-functional teams to ensure financial discipline in expansion and maintenance projects.

Experience:

- 4-6 years of relevant experience in Retail / QSR / FMCG sector handling Capex control, fixed asset accounting, and insurance.

- Exposure to multi-store operations and new store rollout environment preferred.

Skills & Personal Traits:

- Deep understanding of Capex accounting, project finance, and insurance management.

- Strong analytical and financial modelling skills.

- Proficiency in Excel, Power BI, and ERP systems (SAP / Oracle / Navision).

- Excellent coordination and communication with project, operations, and risk teams.

- Ability to manage multiple stakeholders and work under tight timelines.

- Strong governance and process-orientation mindset.

Qualifications: Chartered Accountant (CA):

Other Requirements:

- Variance of Actual vs. Budgeted Capex within tolerance limits.

- Timely capitalization of CWIP and accurate fixed-asset reporting.

- Zero major audit observations in Capex / insurance areas.

- Claim settlement turnaround time and insurance coverage adequacy.

Mandatory Requirement

Primary Job Profile: Finance & Accounts

Technical Skills: Account mgmt, Capex Planning & Mgmt

Candidate Industry Requirement: QSR