Senior Accountant

4 weeks ago

Bengaluru, Karnataka, India Servicenow Full time
Job Description

We are seeking a highly skilled Senior Accountant to join ourCapital and infrastructure Accounting team. This role is responsible forLease and Fixed Assets Accounting, ensuring compliance with US GAAP (ASC 842 ASC 360), and supporting financial reporting, audits, and process improvements.

What we are looking for:

An energetic and ambitious CA/CPA/CMA with 5+ years of experience in Accounting or Finance, who aims to build a career in Corporate Accounting. You will have the opportunity to learn alongside best-in-class professionals, in a role that will grow as you develop and are able to take on increased responsibility.

Excellent task prioritization and organizational skills are a must, as is the ability to cope with complexity in a fast-paced environment.

What you get to do in this role:

- Lease Accounting Role:
- Maintain and manage the lease portfolio across real estate, equipment, and other leased assets.
- Ensure proper classification of leases (Operating vs. Finance) and accurate financial reporting under ASC 842.
- Record monthly lease amortization, right-of-use (ROU) asset adjustments, and interest expenses.
- Prepare and post journal entries related to lease additions, modifications, remeasurements, and terminations.
- Assist in reviewing and interpreting lease agreements to ensure proper accounting treatment.
- Maintain and reconcile lease schedules for ROU assets and lease liabilities.
- Support disclosure requirements for lease accounting in financial statements.
- Conduct monthly, quarterly, and annual close processes for lease accounting.
- Perform lease-related account reconciliations, and variance analysis, and ensure accuracy in reporting.
- Assist in the preparation of financial statements, footnotes, and regulatory reporting related to lease assets.
- Work with stakeholders to review lease agreements and assess financial impacts.

Fixed Asset Accounting Role:

- Maintain the fixed asset register and ensure timely capitalization, depreciation, and disposal.
- Review and analyze capital project costs, ensuring proper accounting treatment per US GAAP (ASC 360)/internal policy.
- Perform monthly capital expenditure (CapEx) reconciliation and reporting.
- Partner with business/FPA to ensure correct capitalization of costs and adherence to accounting policies.
- Support month-end and quarter-end close processes for fixed assets.
- Prepare journal entries, reconciliations, and variance analysis for fixed assets accounting.
- Assist in the preparation of financial statements and disclosures related to fixed assets
- Ensure compliance with SOX controls, company policies, and US GAAP.
- Support external and internal audits, providing necessary documentation and closing the audit in a timely manner.
- Identify opportunities for automation and process improvements in fixed asset and lease accounting.

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