Fixed Asset

4 days ago

Chennai, Tamil Nadu, India Sutherland Full time

We are seeking an experienced Fixed Assets Lead who can independently manage end-to-end fixed asset accounting activities, ensure compliance with accounting standards, and support financial reporting and audits. The role requires strong analytical skills, hands-on ERP experience, and the ability to handle complex asset transactions with minimal supervision.

Key Responsibilities:

  • Independently manage Fixed Asset accounting activities end-to-end
  • Apply Asset Retirement Obligation (ARO) concepts where applicable
  • Understand and implement capitalization policies and identify capitalizable costs
  • Apply relevant accounting standards (Ind AS / IFRS / US GAAP)
  • Record and review journal entries for asset additions, retirements, disposals, and transfers
  • Perform depreciation calculations, review depreciation runs, and analyze variances
  • Evaluate asset valuation, useful life, and depreciation methods
  • Perform fixed asset reconciliations between sub-ledger and General Ledger
  • Investigate and resolve reconciliation breaks and exceptions
  • Execute asset verification procedures (physical / system-based)
  • Ensure accuracy and completeness of Fixed Asset Register (FAR)
  • Support month-end, quarter-end, and year-end close activities
  • Prepare schedules and provide support for statutory, internal, and SOX audits
  • Analyze the financial impact of asset-related transactions and adjustments

Skills & Competencies:

  • Strong expertise in Fixed Assets accounting
  • Solid understanding of capitalization, depreciation, and asset lifecycle
  • Hands-on experience with ERP systems (SAP / Oracle / Workday / NetSuite preferred)
  • Strong reconciliation and analytical skills
  • Ability to work independently and handle complex transactions
  • Good stakeholder communication and documentation skills
  • Attention to detail with a high level of accuracy

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