Record To Report Ops Assoc Manager

Job Description

Skill required: Record To Report - Fixed Asset Accounting Designation: Record to Report Ops Assoc Manager Qualifications: MCom/CA Inter Years of Experience: 10 to 14 years What would you do? Record To Report – Asset and Lease AccountingJOB DESCRIPTION:The Asset and Lease accounting function includes recording the cost of newly-acquired Fixed assets (both tangible and intangible), tracking existing fixed assets, recording/Reviewing depreciation, and accounting for the disposition of fixed assets and accounting of Lease.Posting journal entries, preparing balance sheet reconciliations, reviewing entries and reconciliations, preparing cash forecasting statement, supporting month end closing, preparing reports and supports in audits.Design and implement process and solutions to record and process all aspects of fixed assets accounting. Includes chart of accounts alignment, back office integration, folio management, payment processing, transfer & retirement of assets, physical inventory and Construction In Process (CIP) project accounting. What are we looking for? Desired Candidate Profile Must be detail oriented Good experience in accounting Strong Microsoft Excel skills Must have Oracle Knowledge Fluent English (Verbal and written) Excellent in stakeholder management Strong analytical skills and problem-solving skills Strong ability to work individually or in a team settingQUALIFICATIONS REQUIRED: B.com/M.com/MBA – Finance CA/ ICWA- Qualified/Semi Qualified preferred. Minimum number of years' experience – 7 to 10 years' experienceSET YOURSELF APART:( Good to have skills): Oracle application Knowledge (specific to IC Module - AIGS) ARCS – Accounts Reconciliations Cloud Service – Oracle Recons OneStream/HFM Reporting tool Lease Accelerator/Pro-Lease tool Roles and Responsibilities: Responsible for the timely and accurate Fixed Asset Accounting. To execute the operations of the Fixed Asset within the given guidelines and policies Lead the fixed asset accounting team, ensuring accurate and timely recording of fixed asset transactions. Serve as the subject matter expert on fixed asset accounting, providing guidance, training and support to the team. Oversee the management and maintenance of the fixed asset accounting system, including capitalization, depreciation, and disposals. Conduct regular reviews of fixed asset records to ensure accuracy and compliance with company policies and accounting standards. Identify and resolve accounting issues and discrepancies in a timely manner. Manage end-to-end accounting for leases. Prepare audit support related to fixed assets and assist internal/external auditors with their inquiries. Conduct detailed variance analysis to identify discrepancies and provide insightful commentary on variances. Prepare and review balance sheet reconciliations related to fixed assets to ensure accuracy and compliance. Identify and address issues raised by the reconciliation preparer, understand the action plans created to resolve reconciling items, and ensure timely and accurate resolution. Develop remediation plans for identified errors, including team training and work product reviews. Identify areas for process improvements and implement best practices in fixed asset accounting. This role may require working in rotational shifts.