Assistant General Manager- Capex Accounts

Roles And Responsibilities- To oversee and manage the accounting and financial functions related to capital expenditures, ensuring accurate budgeting, tracking, and reporting of capex projects in line with company policies and statutory regulations.

Key Responsibilities:

Capex Planning and Control

• Lead the preparation of annual capex budgets in coordination with project, engineering, and operations teams.
  
• Monitor capex utilization against approved budgets and flag deviations.
  
• Ensure compliance with internal capex approval processes and capital allocation frameworks.
  
• Assist in evaluating project proposals from a financial perspective (e.g., ROI, NPV, IRR).
  

Accounting and Reporting

• Ensure timely capitalization of assets upon project completion.
  
• Maintain accurate records of capital work-in-progress (CWIP).
  
• Prepare and present periodic MIS reports on capex progress, variances, and asset additions.
  
• Reconcile capex-related general ledger accounts and resolve discrepancies.
  

Audit and Compliance

• Coordinate with internal and statutory auditors for audits related to fixed assets and capex.
  
• Ensure compliance with relevant accounting standards (e.g., Ind AS/IFRS) and company policies.
  
• Oversee physical verification of assets and ensure proper tagging and documentation.
  

Process Improvement and Internal Controls

• Drive improvements in capex tracking systems and fixed asset management.
  
• Implement robust internal controls over capex approvals, vendor payments, and asset tagging.
  

Team Management & Coordination

• Lead a team of finance professionals handling project accounting and asset management.
  
• Collaborate closely with project managers, procurement, and operations teams to ensure alignment on capex-related matters.
  

Skills and Competencies:

• Strong knowledge of capital expenditure accounting and financial analysis.
  
• Proficiency in ERP systems (SAP/Oracle) and MS Excel.
  
• Excellent analytical, communication, and interpersonal skills.
  
• Ability to manage multiple projects and prioritize effectively.
  
• Strong understanding of financial policies, tax implications, and statutory requirements related to capital investments.
  

Preferred Industry Background:

• Manufacturing / Infrastructure / Energy / Real Estate / Engineering