Fixed Assets Accounting Manager
3 weeks ago
Job Description:
Objective: Ensure the timely and accurate recording of fixed assets in company records.
Title: Manager - Fixed Assets
Function: Finance
Work Location: Bangalore
Key Responsibilities:
1. Establish and monitor a system of controls, procedures, and forms for recording fixed assets.
2. Recommend updates to accounting policies related to fixed assets to management.
3. Suggest process changes to simplify and automate fixed asset transaction recording.
4. Review fixed asset acquisitions and dispositions in the accounting system.
5. Track the compilation of project costs into fixed asset accounts and close those accounts once related projects are completed.
6. Review and reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
7. Perform monthly book closure and reporting to management.
8. Review and update the detailed schedule of fixed assets and accumulated depreciation.
9. Investigate potential obsolescence of fixed assets.
10. Conduct periodic impairment reviews for intangible assets.
11. Conduct periodic physical counts of fixed assets.
12. Conduct analyses related to fixed assets as requested by management.
13. Prepare audit schedules for fixed assets and assist auditors in their inquiries.
14. Represent the company during government audits involving fixed assets.
Requirements:
Qualifications: CA/MBA (Finance) from a reputable institute.
Experience: 7-8 years of relevant experience in fixed asset accounting.
Functional Skills:
• Maintain good relationships with related parties.
• Team player.
• Proficient in MS Office applications.
• Efficient data analysis skills.
Travel: 20%
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