About the Company:
Role Summary:
Key Responsibilities:
1. Capex Budgeting & Planning
- Track approved vs. actual spend and highlight cost overruns or delays.
- Partner with Project and Operations teams to forecast Capex phasing and cash flow requirements.
2. Capex Control & Monitoring
- Review and control end-to-end Capex spend, from purchase order to capitalization.
- Ensure each project adheres to approved budgets
- Review vendor invoices, GRNs, and project closure documents to ensure compliance with internal controls.
- Maintain project-wise, store-wise, and category-wise Capex utilization reports.
3. Accounting & Compliance
- Ensure correct accounting treatment as per Ind AS 16 / IFRS for capitalization and CWIP.
- Drive timely capitalization of completed projects and maintain asset registers.
- Support statutory, internal, and management audits related to Capex and fixed assets.
- Implement Capex approval hierarchy and documentation in line with corporate policy.
4. Preparation and Review of Fixed Asset Register (FAR)
- Maintain and periodically update a comprehensive Fixed Asset Register for all business units (stores, warehouses, offices, and IT assets).
- Ensure proper classification, tagging, location mapping, and depreciation of assets as per company policy.
- Coordinate with Projects, Admin, and Store teams to reconcile physical assets with the FAR at regular intervals.
- Review asset disposals, transfers, impairments, and write-offs to ensure proper accounting treatment and documentation.
- Drive automation and ERP integration of the FAR for real-time visibility and control.
5. Insurance & Risk Management
- Manage insurance coverage for all fixed assets (stores, warehouses, head office, IT infrastructure). Ensure assets are adequately insured against fire, theft, natural calamities, and other business risks.
- Coordinate with brokers and insurers for policy renewals, endorsements, and claims settlements. Maintain insurance schedules, premium trackers, and claims MIS.
- Liaise with Risk, Legal, and Admin teams to ensure compliance with company risk management framework.
- Conduct periodic risk assessment of physical assets and recommend preventive measures.
6. Reporting & MIS
- Prepare monthly Capex MIS, highlighting actual vs. budget, committed vs. uncommitted spend, and CWIP movement.
- Publish store/project-wise dashboards for management review.
- Present insurance coverage adequacy and claim status to management quarterly.
7. Governance & Process Improvement
- Standardize Capex and insurance processes across regions and store formats.
- Strengthen internal controls and documentation around Capex approvals and insurance claims.
- Automate Capex and fixed-asset tracking through ERP / BI tools (SAP / Oracle / Power BI).
- Partner with cross-functional teams to ensure financial discipline in expansion and maintenance projects.
Experience:
- 4-6 years of relevant experience in Retail / QSR / FMCG sector handling Capex control, fixed asset accounting, and insurance.
- Exposure to multi-store operations and new store rollout environment preferred.
Skills & Personal Traits:
- Deep understanding of Capex accounting, project finance, and insurance management. Strong analytical and financial modelling skills.
- Proficiency in Excel, Power BI, and ERP systems (SAP / Oracle / Navision).
- Excellent coordination and communication with project, operations, and risk teams.
- Ability to manage multiple stakeholders and work under tight timelines.
- Strong governance and process-orientation mindset.
Qualifications:
Chartered Accountant (CA)
- Other Requirements: Variance of Actual vs. Budgeted Capex within tolerance limits.
- Timely capitalization of CWIP and accurate fixed-asset reporting.
- Zero major audit observations in Capex / insurance areas.
- Claim settlement turnaround time and insurance coverage adequacy.
- Process improvement initiatives implemented.
