
Senior Fixed Asset Accountant
1 day ago
Function:
Manage fixed assets by ensuring timely processing, routing, tracking, and reporting. The position will also support other general accounting processes.
Essential Duties and Responsibilities
- Review fixed asset authorizations, ensure request is appropriate as capital & confirm correct level of authority for amount requested
- Set up asset in Oracle to track spending
- Identify assets that are ready to place in service and obtain capitalization form from the business units
- Create system records for new assets
- Record asset disposals and sales
- Record transfers & capitalizations
- Prepare and record fixed asset related entries in non-Oracle general ledgers
- Provide physical tags to locations & assign numbers for newly capitalized assets
- Run depreciation expense using Oracle system tools
- Reconcile fixed asset subledger to the general ledger (research and correct differences)
- Report construction-in-process detail and capital expenditures to each business unit
- Prepare a roll-forward of fixed asset balances, including new assets, disposals, depreciation expense and foreign exchange that ties to the GL
- Prepare gain & loss report for assets sold and disposed
Required Experience:
5-9 relevant years of experience
North Bangalore Location
General shift
Skills/Experience Requirements:
- Five years accounting experience (US GAAP)
- Knowledge of commonly used accounting/fixed asset concepts, practices, and procedures
- Proficient in Oracle Project Accounting, Fixed Assets and General Ledger modules
- Must be able to work with limited supervision and be able to make level-appropriate decisions
- Detail-oriented with the ability to work with large spreadsheets and to reconcile large amounts of data from multiple sources
- Ability to interact with internal customers at multiple locations by email or phone
- Must meet deadlines for deliverables, especially processing and reporting during month-end close (first 10 business days of each month)
- Computer skills, including strong Excel and Outlook
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