Senior Financial Leader for Fixed Assets Management

5 days ago

Vizag, Andhra Pradesh, India beBeeAccounting Full time ₹ 30,00,000 - ₹ 60,00,000
Job Title: Fixed Asset Team Lead

Greetings from the Finance Department

  • Position: Senior Accountant - Fixed Assets
  • Industry: Pharmaceutical Manufacturing
  • Location: Visakhapatnam, India
Key Responsibilities:
  1. Fixed Assets and Prepaid Accounting (US GAAP):
    • Manage the entire lifecycle of fixed asset accounting, including capitalization, depreciation, disposals, transfers, and impairments.
    • Ensure compliance with US GAAP and internal accounting policies related to fixed assets.
    • Lead regular reconciliations between the fixed asset subledger and general ledger.
    • Oversee physical verification processes, tagging, and documentation of assets.
    • Prepare and review fixed asset schedules, roll-forwards, and supporting documentation for audits and internal reporting.
    • Manage accounting for prepaid expenses, ensuring proper classification and timely amortization based on contract terms or policy guidelines.
    • Review monthly amortization entries and ensure appropriate cut-off and accrual practices are followed.
    • Identify accounting anomalies through detailed financial analysis and reconciliations to ensure accuracy and integrity of reported figures during month-end, quarter-end, and year-end close processes.
  3. Record to Report (R2R):
    • Lead monthly, quarterly, and year-end close activities, including journal entries, account reconciliations, accruals, and financial analysis.
    • Ensure compliance with US GAAP, internal controls, and SOX requirements.
    • Perform financial statement review for Fixed Assets and Prepaid areas and provide meaningful variance analysis.
    • Lead standardization, documentation, and automation initiatives across R2R processes.
    • Collaborate with cross-functional teams across regions and departments to ensure smooth financial operations and resolve accounting issues.
  5. Audit Support & Others:
    • Collaborate with global finance, tax, compliance, and operations teams on shared initiatives and projects.
    • Act as a key point of contact for external and internal auditors, support physical asset verification, audit requests, and reporting requirements.
    • Continuously assess risks and implement robust controls across fixed assets and prepaid areas.

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