Chief Accounting Professional

4 days ago

Ahmedabad Hyderabad Secunderabad Telangana, India beBeeAccountant Full time US$ 90,000 - US$ 1,20,000

We are seeking a highly skilled Senior Accountant to join our team.

This role is responsible for Lease and Fixed Assets Accounting, ensuring compliance with US GAAP (ASC 842 ASC 360), and supporting financial reporting, audits, and process improvements.

Accounting Role
  • Lease Accounting:
  • 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.

Fixed Asset Accounting:

  • 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.

Key Responsibilities:

  • Manage lease and fixed asset portfolios.
  • Ensure compliance with US GAAP and internal policies.
  • Support financial reporting and auditing processes.
  • Identify opportunities for automation and process improvements.

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