Assistant Manager

3 weeks ago

Pune India Tata Communications Limited Full time

Job Description

Position:Assistant Manager - Fixed Assets
Location: Pune

Department: Finance and Accounting

Job Summary:

We are seeking a proactive and detail-oriented Fixed Assets accounting lead to join our finance team. The ideal candidate will be responsible for managing the company's fixed assets, ensuring compliance with multiple GAAP standards, performing timely monthly closures, and preparing Management Information System (MIS) reports. This role requires proficiency in SAP Hana, advanced Excel skills, and a strong aptitude for automation and advanced technologies.

Key Responsibilities:

- Fixed Assets Management:

- Maintain the fixed assets register, ensuring all acquisitions, disposals, and depreciation entries are accurately recorded.

- Conduct regular physical verification of assets and reconcile with the fixed asset register.

- Coordinate with various departments for capital expenditure (CapEx) budgeting and tracking.

- Compliance and Reporting:

- Ensure compliance with multiple GAAP standards (e.g., IFRS, US GAAP, local GAAP) in all fixed asset transactions and reporting.

- Prepare and present fixed assets reports for internal and external stakeholders.

- Assist in the preparation of financial statements with specific focus on fixed assets.

- Prepare Management Information System (MIS) reports for senior management.

- Audit and Internal Controls:

- Prepare audit schedules related to fixed assets and assist auditors in their inquiries.

- Develop and implement internal controls over the fixed assets process to ensure accuracy and compliance.

- Address and resolve audit findings, ensuring no adverse comments, and implement recommendations.

- Monthly Closures:

- Ensure timely and accurate month-end, quarter-end, and year-end close processes related to fixed assets.

- Reconcile fixed asset sub-ledger to the general ledger and prepare necessary journal entries.

- Analyze variances and provide explanations for significant differences.

- Guidance and Evaluation:

- Provide guidance to management on the evaluation of CapEx and OpEx assessments.

- Offer insights and recommendations on financial impacts related to fixed assets and enterprise asset life cycle management.

- System and Process Improvement:

- Utilize SAP Hana for asset management, reporting, and analysis.

- Enhance fixed asset processes and workflows for efficiency and accuracy.

- Drive the application of advanced technologies and automation in fixed assets and enterprise asset life cycle management.

- Provide training and support to team members on fixed asset management best practices.

Qualifications and Skills:

- Professional accounting qualification (e.g., CA, Cost Accountant) preferred.
- 1-3 years of experience in fixed assets accounting in a multi-GAAP environment.
- Proficiency in SAP Hana and advanced Microsoft Excel skills.
- Strong understanding of IFRS, US GAAP, and local GAAP.
- Excellent analytical and problem-solving skills.
- Detail-oriented with strong organizational skills.
- Ability to work under tight deadlines and manage multiple tasks simultaneously.
- Strong communication and interpersonal skills.
- Go-getter attitude with a focus on ensuring deliverables are met on time.

Preferred Qualifications:

- Experience working in a listed company.
- Knowledge of other ERP systems.
- Experience with process improvement initiatives.
- Familiarity with other accounting software and tools.

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