Deputy Manager - Fixed Asset Accounting

Overview

Deputy Manager responsible for the full fixed asset lifecycle and CAPEX/CWIP accounting, from acquisition through capitalization, depreciation and disposal, including SAP PS/IM work and audit support.

What you'll do

• Ensure the fixed asset lifecycle from acquisition to disposal (capitalization, depreciation, amortization, retirements and transfers) is completed on time.
• Reconcile fixed asset subledgers to the general ledger and prepare journal entries for fixed asset transactions.
• Prepare and analyze fixed asset reports after period close, including depreciation expense and changes in asset values.
• Help site teams with data required for physical fixed asset verification.
• Ensure accurate and up-to-date fixed asset records in SAP, including asset master data, depreciation schedules and transaction history.
• Interface with accounting, operations, IT and other departments on fixed asset matters.
• Stay up to date on changes in fixed asset accounting standards and regulations.
• Ensure fixed asset accounting procedures are documented and kept up to date with proper sign-offs.
• Troubleshoot and resolve fixed asset accounting issues.
• Provide support and training to other staff on fixed asset accounting matters.
• Support statutory, internal and other audits with data and clarifications on the fixed assets process.
• Manage budget allocation and budget transfers in SAP Investment Management (IM) and Project Systems (PS) for CAPEX requisitions.
• Maintain the Capital Work-in-Progress (CWIP) tracker to record, monitor and reconcile project additions, transfers and closures.
• Coordinate with site finance and project teams to capitalize due and overdue CAPEX projects on time.
• Initiate and execute asset capitalization processes in SAP PS.
• Analyze CJIC line items and ensure accurate assignment of asset classes for capitalization.
• Calculate, review and post monthly depreciation in compliance with the Companies Act, applicable accounting standards and company policies.
• Maintain and regularly reconcile the Fixed Asset Register (FAR).
• Perform capital commitment analysis and provide periodic management reports.
• Review and account for foreign exchange gains and losses related to CAPEX projects.
• Ensure supporting documentation for all capitalized projects is complete and maintain audit-ready records at all times.
• Prepare schedules, reconciliations and supporting documentation for internal, statutory and tax audits, including extraction and verification of invoices, purchase orders, goods receipts, capitalization documents and asset master data.
• Coordinate with procurement, project and site finance teams to obtain audit evidence and submit audit requirements on time.
• Maintain comprehensive, audit-ready documentation for capitalized assets and CWIP projects, and address audit observations and queries promptly.
• Prepare and circulate monthly, quarterly and ad-hoc MIS reports for India and overseas locations.
• Provide CAPEX forecasts and capitalization projections for advance tax calculations and corporate finance requirements.
• Participate in standardization, process improvement and automation initiatives for CAPEX accounting and fixed assets.
• Drive ERP enhancement initiatives and support SAP S/4HANA implementation and optimization projects.
• Collaborate with cross-functional teams on SAP S/4HANA projects and process transitions.
• Provide guidance and resolution for CAPEX-related queries raised by site finance and operational teams.

What you'll need

• Strong knowledge of fixed assets accounting, CWIP accounting, capitalization and depreciation posting.
• Hands-on experience in SAP, with strong proficiency in the Project Systems (PS) module.
• Sound understanding of project accounting, capital commitments and foreign exchange accounting for CAPEX projects.
• Advanced proficiency in MS Excel and PowerPoint.
• Strong analytical and problem-solving skills with attention to detail.
• Excellent communication and stakeholder management skills.
• Good interpersonal skills and ability to collaborate across functions and locations.
• Strong written and verbal English communication skills, as the role involves regular interaction with overseas stakeholders.

Nice to have

• Knowledge of the Investment Management (IM) module.
• Experience in SAP S/4HANA implementation, migration or support projects.

Details

• Location: Mumbai, MH.