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Assistant Manager

4 months ago

delhi, India Livspace Full time
ABOUT US
Livspace is Asiaʼs largest and fastest-growing omnichannel home interiors and renovation platform. Using its proprietary technology, Livspace provides a one-stop renovation solution for homeowners—from design to managed last mile fulfillment for all rooms in a home. The platform has organized a fragmented industry, bringing together designers, brands, manufacturers, and
contractors to enable an eCommerce-like trusted, and predictable experience.
The company launched operations in Bengaluru, India in 2015. Since its inception, Livspace has organized a fragmented industry, bringing together a curated community of designers, brands, manufacturers and contractors. This has resulted in an e-commerce- like trusted and predictable experience for the homeowners. Livspace boasts of a community of 50000+ satisfied customers and over 2000 interior designers.
The company is already the largest employer of interior designers in the country. Livspace currently serves Singapore, Malaysia, Saudi Arabia as well as 30 metro and non-metro areas in India including - Bengaluru, Chennai, Delhi, Noida, Gurgaon, Mumbai, Thane, Pune, Hyderabad, Kolkata, Ahmedabad, Kochi, Jaipur, Lucknow, Indore, Surat, Coimbatore, Mysore, Mangalore, Vizag,
Vijayawada.
Livspace has showcased phenomenal growth since its launch, having delivered over 125,000 rooms and selling over 7.5 million SKUs through its platform. The company also delivered 50,000 homes across all our serviceable locations.
The founders - Anuj Srivastava and Ramakant Sharma are former Google and Myntra executives respectively, who are seasoned entrepreneurs and successful angel investors. Livspaceʼs leadership team combines world-class talent and entrepreneurial experience gathered at some of the best companies in the world.
Livspace has raised around USD 450 million in capital from some of the top global investors including KKR, Ingka Group Investments (part of largest IKEA retailer Ingka Group), TPG Growth, Goldman Sachs, Kharis Capital, Venturi Partners, FFP (Peugeot Groupʼs Holding Company), EDBI, Bessemer Venture Partners, Jungle Ventures, Helion Ventures and UC-RNT. For more
information, please visit: DESCRIPTION
1. Ensure complete responsibility of Capex Accounting for Company including approvals, tracking, movement and monitoring of FA at LS stores, WH and offices.
2. Ensure the Capex Expenditure remains within budgets;
3. Ensure Timely Processing of the Capex Invoices of the Vendors and payment thereof, Follow up with the respective teams for the Various Capex Bills, Ensure to resolve any query regarding Capex Invoices.
4. Ensure the Reconciliation of the Capex Vendors Accounts on Quarterly basis.
5. Ensure the Complete Capitalization and Provisions accounting related to Capex expenditure on Monthly/Quarterly/Annual Basis.
6. Ensure the preparation and maintenance of the Fixed Asset Register and Physical Verification of the Assets at Various LS Locations.
7. Prepare the various MIS and Audit Schedules for the Capex Expenditure
8. Collaborate with internal and external auditors during audits, providing documentation and explanations related to fixed asset transactions and controls.
9. Identify opportunities for process improvements and automation in fixed asset accounting processes, and lead initiatives to streamline workflows and enhance efficiency.
10. Supervise and manage a team of fixed asset accountants, providing leadership, guidance, and support to ensure the accurate and timely recording of fixed asset transactions.
11. Perform regular reviews and reconciliations of fixed asset accounts, investigating and resolving any discrepancies or issues that arise.
12. Prepare and analyze fixed asset-related reports, including depreciation schedules, capital expenditure forecasts, and variance analyses, to support financial planning and decision-making processes.
13. Provide training and development opportunities for team members to ensure continuous improvement and professional growth.
14. Ensure the Tax audit schedules preparation related to the Assets.
15. Knowledge of concepts of Ind AS 16 – Property, plant and equipment and Ind AS 116 – Leases and it’s practical implementation will be an added advantage
Desired Qualifications
2+ years of fixed asset accounting experience. Bachelor's degree / CA / MBA/ ICWA . Must be detail oriented.