Asset Manager

Job Description

Key Purpose of the Role The Asset Manager will be responsible for the end-to-end management of company assets, ensuring that all acquisitions are procured in compliance with internal policies, accurately recorded, well-documented, and regularly verified for quality and performance. This role is crucial to maintaining financial accuracy, audit readiness, and asset value optimization across the organization. What Key Tasks will be involved? 1. Procurement Oversight: a. Co-ordinate with Procurement Team to oversee and authorize the acquisition of fixed and capital assets. b. Ensure procurement practices align with company policies, budget constraints and internal control standards. c. Creation of Purchase Orders, Invoice for inter-state/inter-branch movement, Validation of Delivery Notes. d. Management of subsidies that can be availed for procurement as per various government initiatives, ensuring compliances are taken care of. 2. Assets Record Maintenance: a. Maintain and update the Fixed Asset Register (FAR) with accurate details: asset descriptions, serial numbers, purchase costs, depreciation, location, and custodian. b. Assign asset tags/barcodes and ensure proper classification (capital vs. expense). c. Perform periodic asset reconciliations between physical inventory and accounting records. 3. Documentation and Compliance: a. Ensure all assets are supported by valid documentation: invoices, purchase orders, warranty cards, delivery receipts, and service agreements. b. Maintain documentation for internal audits, financial reporting, and regulatory compliance (e.g., IFRS, GAAP). c. Coordinate with auditors during fixed asset audits and provide all requested documents and reports. 4. Accounting, Depreciation & Reporting: a. Proper accounting of capital expenditure as per relevant accounting standards from initial recognition till disposal of asset along with depreciation. b. Support monthly, quarterly, and year-end closing activities related to asset accounting. c. Provide accurate asset data for financial reports and capital expenditure tracking. *Looking for immediate joinees Report To VP Finance