Manager

Job Summary:

The Fixed Assets Manager will be responsible for managing the end-to-end lifecycle of fixed assets, including capitalization, depreciation, retirement, physical verification, and reporting. This role ensures compliance with accounting standards (e.g., IFRS, US GAAP, IND AS) and internal policies while supporting audits and process improvements.

Key Responsibilities:

• Oversee the fixed asset accounting processes including acquisition, capitalization, transfers, disposals, and depreciation.
• Maintain and reconcile the Fixed Asset Register (FAR) with the general ledger (GL).
• Ensure accurate and timely recording of asset-related transactions in accordance with applicable accounting standards.
• Manage periodic physical verification and tagging of fixed assets across locations.
• Coordinate with procurement, projects, and operations teams for asset additions and retirements.
• Review Capital Work in Progress (CWIP) regularly and ensure timely capitalization.
• Prepare fixed asset schedules for statutory audit, internal audit, and tax purposes.
• Support monthly/quarterly/annual close activities relating to fixed assets.
• Implement and monitor controls related to fixed assets to prevent misuse, misstatement, or fraud.
• Drive process automation and system enhancements (e.g., in SAP, Oracle, or other ERP systems).
• Handle reporting requirements including financial, tax, and management reports.
• Review of Fixed Asset-related journal entries and perform month-end reconciliations; investigate and resolve variances independently.
• Should have experience in handling complex accounting activities such as cash flow analysis and financial reporting.
• Ensure timely execution of daily activities and maintain/update standard operating procedures (SOPs).

Qualifications:

• MBA/MCom/ CA Inter/ ICWA Inter/ Finance or equivalent qualification.
• 8–12 years of experience in fixed asset accounting and management, preferably in a shared services or large corporate environment.
• Strong knowledge of accounting standards related to fixed assets (IND AS, IFRS, US GAAP).
• Proficiency in ERP systems (e.g., SAP, Oracle, or similar platforms).
• Excellent analytical, problem-solving, and communication skills.

Preferred Skills:

• Experience with internal controls and SOX compliance.
• Exposure to global asset policies and multi-entity accounting.
• Ability to handle audits and senior stakeholder management.
• Should have prior experience in handing team size between 6 to 10 people.