Fixed Asset Analyst

Job Description

Key Responsibilities: 1. Fixed Asset Management: Maintain an up-to-date fixed assets register, ensuring accuracy across all locations and business verticals. Track additions to CWIP, follow-up of aged CWIP items Clearing of aged CWIP items along with responsible plant departments Track acquisitions, transfers, disposals, and impairments of fixed assets. Ensure proper capitalization, classification, and depreciation of assets as per company policy and relevant accounting standards (Ind AS/IFRS/GAAP). 2. Accounting & Compliance: Post journal entries related to fixed assets in the ERP system. Ensure compliance with corporate policies, statutory regulations, and internal controls. Coordinate with internal and external auditors for fixed asset verification and reporting. 3. Financial Reporting & Analysis: Prepare fixed asset schedules, reconciliations, and related reports for financial statements. Assist in budgeting and forecasting related to capital expenditure and asset management. Analyze variances and provide insights on asset utilization and depreciation trends. 4. Physical Verification & Asset Control: Conduct and coordinate periodic physical verification of fixed assets across all locations. Investigate discrepancies and reconcile differences between books and physical assets. Implement best practices for asset tagging and tracking to prevent loss or mismanagement. 5. Process Improvement & System Management: Support ERP system enhancements for better fixed asset tracking and reporting. Streamline fixed asset accounting processes to improve efficiency and accuracy. Collaborate with cross-functional teams for process improvements and automation initiatives. 6. Plant Visit Visit plants for activities related to Fixed asset assignment as and when necessary Work closely with plant functions to implement controls, processes and systems required for fixed asset management