Associate Manager - Fixed Assets

Job Description

Ensuring timely finalization of quarterly / yearly accounts and liaisoning with statutory auditor to certify the accounts ,Preparation monthly AOP Vs. Actual, day to day fund , accounts management, , income tax and other statutory compliance , returns filing along with tax remittance. ORGANISATION CHART KEY ACCOUNTABILITIES 1. Identification and Capitalization of Assets: - Identify assets that need to be capitalized based on organizational guidelines and accounting policies. - Ensure proper classification and capitalization of assets according to Ind-AS and Income Tax requirements. 2. Asset Register Management in SAP: - Maintain the Fixed Assets Register in SAP, ensuring all asset data is accurate, complete, and up to date. - Align the asset register with operational teams to ensure the accurate representation of assets. - Ensure seamless integration of SAP asset records with business operations for real-time asset tracking and reporting. 3. Recording of Fixed Assets (Additions, Deletions and Transfer): - Record the addition of new fixed assets and update asset information in SAP, ensuring alignment with Ind-AS guidelines. - Process asset disposals and deletions in accordance with financial and tax regulations, ensuring accurate write-offs in the system. 4. Depreciation Calculation: - Run depreciation calculations for fixed assets as per Ind-AS and Income Tax guidelines, ensuring accuracy and consistency. - Monitor depreciation schedules and ensure timely recording of depreciation in the books. 5. Control over CWIP (Capital Work in Progress): - Manage and monitor the Capital Work in Progress (CWIP) register. - Ensure proper transfer of CWIP to main assets once the asset is ready for use or placed in service. - Track and report CWIP in accordance with the organizational and financial reporting requirements ensuring compliance with IND AS. 6. Reconciliation of Asset Registers: - Regularly reconcile the SAP Fixed Assets Register with other systems (e.g., MES records) to ensure consistency and accuracy. - Investigate and resolve any discrepancies between records promptly. 7. Compliance with CARO (Companies Auditors Report Order): - Ensure proper application of CARO requirements in relation to fixed assets. - Ensure compliance with all aspects of CARO for fixed assets reporting and documentation during audits. 8. Variance Analysis and Reporting: - Conduct variance analysis between the actual and expected values related to fixed assets (e.g., discrepancies in asset valuation or depreciation). KEY ACCOUNTABILITIES - Additional Details EXTERNAL INTERACTIONS INTERNAL INTERACTIONS Corporate Accounts Team, Direct Tax and Indirect Tax Team for yearly tax assessments. Departmental Heads of UI MAG Team Secretarial team FINANCIAL DIMENSIONS OTHER DIMENSIONS EDUCATION QUALIFICATIONS CA RELEVANT EXPERIENCE 8-10 years of experience COMPETENCIES Personal Effectiveness Social Awareness Entrepreneurship Problem Solving & Analytical Thinking Planning & Decision Making Capability Building Strategic Orientation Stakeholder Focus Networking Execution & Results Teamwork & Interpersonal influence