Manager- Capex and Fixed Assets

Manager - Fixed Asset and Capex Management

Band- C1

Location: Chennai

Work Mode: Hybrid (3 days from Office + 2 days remote)

Shift: Day Shift

Job Purpose:

Resource will be responsible for performing Fixed asset close process and managing capital expenditure (Capex) budgeting and providing critical financial insights to senior management.

This role is essential for ensuring accurate financial reporting and effective project financial management within the bank.

Key Responsibilities

A. Fixed Asset Close Process:

•Manage the monthly and annual fixed asset close processes, ensuring accuracy and compliance.

•Conduct reconciliations between financial systems (e.g., Finacle vs. AMS) to ensure data integrity.

B. Capex Budgeting:

•Participate and support in annual Capex budgeting process, including planning, monitoring, and reporting.

•Create and manage budgets for project approvals (PARs) and miscellaneous Capex, ensuring alignment with financial goals.

C. Management Information (MI) Reporting:

•Prepare and present ad-hoc MI reports for senior management, focusing on project expenses and cash burn.

•Provide insights on financial performance to support strategic decision-making for capex

D. Project Financial Management:

•Maintain comprehensive financial records for ongoing projects, including creation and reconciliation of project financials.

•Monitor and report on work-in-progress (WIP) for projects, ensuring timely updates to stakeholders.

E. Monthly and Year-End Activities:

•Oversee month-end activities, including depreciation runs, capitalization of completed projects, and cash burn reporting.

•Ensure timely completion of sundry advance reconciliations and clearing items.

F. Collaboration and Communication:

•Work closely with cross-functional teams to facilitate financial governance and oversight.

•Communicate effectively with senior management regarding financial performance and project updates.

G. Support Purchase Requisition approvals and Query Resolution:

•Review and approve Purchase Requisition for the bank

•Provide customer support and query resolution for internal bank staff.

Educational Background

Commerce Graduate or Postgraduates.

Experience:

Minimum of 8 years’ experience in financial management, particularly in fixed assets and budgeting.

- Strong analytical skills with proficiency in financial modeling and reporting tools especially excel and Power BI